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Thomas Newcomen invents the steam engine adding to the efficiency of factories, transportation, and production of raw materials.
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After England's agricultural revolution, people had a surplus of food, and were able to begin spending their time and attention on other things. The industrial revolution was set to take place starting in 1750.
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James Hargreaves invents the Spinning Jenny and help build efficiency and change the "Cottage Industry (people making textiles from their home)".
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James Watt improves the steam engine, applying it to power machinery.
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Samuel Slater, a cotton spinning apprentice, comes to America and establishes the first factory (textile). This sparks the shift to industrialization in the states.
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The New York Stock Exchange is formed allowing a central place for all brokerage to take place.
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The modern mechanical cotton gin was invented by Eli Whitney. This allowed cotton farmers to produce more cotton, more efficiently and transfer aid the transfer of the industrial revolution to America.
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Whitney's early attempts at interchangeable parts in gun (notably) manufacturing marks the beginning of standardization. This allows Americans lower costs in repairs, and replacements for goods.
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Edison's invention of the light bulb contributes to society in a great way.
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Andrew Carnegie owned the most productive steel mills in the world. However, his working conditions were poor; most likely being a contributing factor to the Fair Labor Standards Act later on.
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The 8 hour work day is attributed to Ford.
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In 1911 Standard Oil was broken up effectively removing the monopoly/oligopoly of the oil trade.
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Ford puts the assembly line to work in his factories manufacturing cars and revolutionizes the way factory workers do their work. This later spread to meat packing and other industries, and allowed workers to specialize in their tasks.
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WW1 contributes to American employment on many levels by increasing demand for manufactured goods which stimulated the economy, and by employing soldiers to fight in the war.
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Piggly Wiggly was the first self service store to open its doors in 1916. It allowed its customers to enter and search for the items they desired at a lower price. This made shopping less expensive, and possibly more efficient in the long run.
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With multiple factors leading to the crash including the farming crisis following WW1, the stock market crash represented one of the most influential periods of American industry.
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In 1938 The Fair Labor Standards Act was passed to regulate the conditions under which an employee could work. This law was also revolutionary in it's implications on child labor.
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America Joins ww2, once again putting Americans to work and helping bring the country out of the great depression.
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The first electronic computer
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Walmart is founded in 1962 foreshadowing the revolution of big box/warehouse stores.
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MITS Altair 8800 is released ushering the consumer into the digital age.
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Apple's release of the app store changed modern culture and business forever, like never before. With access to a development platform, and an audience with infinite scale, a truly limitless concept was born.
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Blamed most notably on the proceeding housing bubble, the recession (arguably depression) of '08 is an economic condition which we still feel today.
