The Age of the Entrepreneur – 1800s
t Innovators & entrepreneurs as
catalysts for a new system of manufacturing
t Expansion of iron and transport industry (rail, steamboat) -- dramatic
increases in mechanization
and major impact on business
è Enormous demand
for coal, iron, steel -- Heavy capital investment
è Creation of domestic, inland markets for industrial goods
è Increase in
American exports, savings, and capital investment
è Shift from an
agrarian to an urban environment