a technological revolution. patent licenses that give an inventor the exclusive rights to make, use,...
TRANSCRIPT
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A Technological Revolution
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Patent
• Licenses that give an inventor the exclusive rights to make, use, or sell an invention for a set period of time
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How did the system of patents encourage innovation and investment
• By giving inventors and investors
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How did inventions such as the light bulb and the telegraph change daily life in the late 1800s?
• Extended usable hours of the day
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Productivity
• The amount of goods and services created in a given period of time
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Why did the nation’s industrial productivity rise in the late 1800s?
• Due to new technology,
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Edwin L. Drake
• Began drilling for oil in Western PA using a steam powered drill
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Why did the oil business change after Drake found oil in PA?
• Using Drake’s method, it was less expensive, less time consuming, and easier to obtain large amounts of oil
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Transcontinental Railroad
• A railway extending from the east coast to the west coast
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What were the advantages of building the transcontinental railroad?
• Reduced cost and increased efficiency of transportation
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Problems with trains
• Their size sometimes scared people
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Bessemer Process
• Made it easier and cheaper to
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What innovations did the Bessemer Process encourage?
• Mass production of steel
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Mass Production
• Production in great amounts