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In 1764 Hargreaves built what became known as the Spinning-Jenny.
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In 1762 Arkwright started a wig-making business. This involved him travelling the country collecting people's discarded hair.
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Was first used to power trains and is still used in trains today.
James Watt -
A machine used to remove cotton from its seeds.
Eli Whitney -
Bessemer developed the first process for mass-producing steel inexpensively.
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He started with engine building then expanded into shipbuilding in 1851. He produced over forty steamers including the Russia one of the top ships crossing the Atlantic.
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The wealthiest patent medicine businessman of his day, was also involved in textile production in Lowell, Massachusetts with his brother.
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Rewritten idea of Adam Smith idea of capitalism. All about the people, mainly the bigger group. "The government should promote the greatest good for the most people"
John Stuart Mill -
Used at railroad stations to communicate back and forth.
Samuel F. B. Morse -
Used to stitch fabric together using thread.
Elias Howe -
Edison's greatest contribution was the first practical electric lighting. He not only invented the first successful electric light bulb, but also set up the first electrical power distribution company.
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Used by billions today giving human a faster way to communicate.
Alexander Graham Bell -
Engine used to power heavy cars regular engines cant power.
Rudolf Diesel -
Government run, believed the government should play a bigger role in the economy. The factors of production should belong to the people. Land, Labor and Capital
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The ideal government, complete form of Socialism. Everything shared equally.
Karl Marx -
Adam Smith was the creator of Capitalism and wrote The Wealth Of Nations. Invest money to make money and let the people do as they please.
