Manufacturing After The American Revolution
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Please describe the changes that took place in the manufacturing world after the American Revolution and explain how these changes were possible. Additionally, address the issue of factor proportions in your response.
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Solution Summary
This solution discusses the changes and advancements that occurred in America following the American Revolution and explains how these changes and advancements were possible. The solution also addresses the issue of factor proportions in America, comparing them to that of their Old World counterparts.
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The greatest change in American manufacturing in the years after the revolution and into the early 19th century were in the newly opened markets that breaking from England created.
There was no place on earth with the same amount of mineral wealth, natural resources, abundant wildlife, fish and vast forests that the newly created United States possessed.
When considering the concept of factor proportions, the new nation was a literally a ripe piece of fruit waiting to be ...
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