Explore the transformative inventions and social upheavals that powered modern economic growth.
The late 18th and 19th centuries witnessed inventions that changed the world: the spinning jenny increased cotton thread production a hundredfold, steam engines powered factories and locomotives, and assembly lines transformed manufacturing efficiency. These advances not only boosted economic output but also shifted social dynamics.
Markets coordinated the self-interest of millions, guided by the invisible hand, but the rapid changes also caused upheaval. Workers fearing job loss destroyed machines in the Luddite riots, prompting harsh crackdowns. Over time, labor unions emerged to fight for rights and protections, shaping the modern workplace.
This era’s lessons remind us that technological progress brings both opportunity and challenge, requiring thoughtful policies to ensure inclusive growth.
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