During the Industrial Revolution, the U.S. economy changed dramatically due to two main factors:
1. Technological advancements: The development and implementation of new technologies such as the steam engine, mechanized agriculture, and the assembly line revolutionized production processes. This increased efficiency and output, leading to economic growth and the creation of new industries.
2. Urbanization: The shift from rural agrarian societies to urban industrial centers resulted in a significant population movement to cities. This urbanization provided a larger labor force for factories and industries, fostering economic development and the rise of urban economies.
Overall, the combination of technological innovation and urbanization during the Industrial Revolution transformed the U.S. economy, setting the stage for modern industrial and economic systems.
