Write 2-3 paragraphs explaining the overall effect of the Industrial Revolution. View this 9.05 Pre-recorded Class for help on this assignment.
You can use this 9.05 Graphic Organizer to help you organize your ideas before you write.
Use evidence from your 9.05 Textbook pages 346-367. No more than 20% of your answer should be a direct quote from any resource. All other writing should be in your own words. Use quotation marks for these quotes.
Your answer should be written in paragraph/essay format.
Any sources used should be cited at the bottom of your paper.
All answers should show you have learned something from Unit 9. Material from other units will not be graded for this assignment.
If you are stuck, you can think about the following topics: textile mills, interchangeable parts, the Lowell System, unions, labor reform, steamboats, railroads, coal, the telegraph, and/or new inventions.

The most obvious effects of the Industrial Revolution were the vast increase in trade. The huge quantities of goods produced by the new methods demanded correspondingly large markets and supplies of raw materials. The markets were provided partly by the growth in population which resulted from the developments in medicine, but much more by the new means of transport, by which raw materials and finished goods could be moved easily and cheaply over the width of the world. All countries were webbed with railway networks, and the seas became populous with shipping. And to finance this trade, there was a development of banking almost out of recognition. The bankers, the master of credit, became one of the key-men in modern society.

Other effects of the Industrial Revolution was that distance land became more and more dependent on one another. For E.g, England demanding wool from Australia, cotton from America, oil from Persia, and paying for these goods with its manufactures.

Further, cheap transport made possible, too a much greater localization of industry. A producer no longer needed to be close to his market. He could pitch his factory wherever he could operate it most cheaply. As a result, we can see the concentration of industries in special areas, like the English midlands or the German Ruhr. Thus, there was a growth of enormous cities which are characteristics of the present age.

Explanation:

keeping a cash reserve because cash flow is the the movement of money through a company and if it just sits there, it wont the movement

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