The Industrial Revolution
RAILROADS by: Audrey Walker
In 1804, the first steamed powered locomotive ran on an industrial rail line in brittian. it pulled 10 tons of ore and 70 people at 5 miles per hours. Better ones followed.
In 1840, brittian had almost 2,000 miles of railroads.
By 1850, more than 6,000 miles of railroad track crisscrossed much of that country.
Creation of new jobs
Building railroads created for farm laborers and peasants.
Lower priced goods
Less expensive transportation led to lower-priced goods, thus creating larger markets. More sales meant more factories and more machinery.
Business owners reinvest
Business owners could reinvest their profits in new equipment, adding to the growth of the economy.