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The first fully developed american factory system emerged in the ______ industry

The first fully developed american factory system emerged in the __...

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The first fully developed american factory system emerged in the ______ industry

The first fully developed american factory system emerged in the ______ industry

Answer

The first fully developed American factory system emerged in the textile industry.
The factory system uses machinery to develop the finished product by dividing the labour force.
This system actually less dependent on the individual labour skills and focussed mostly on the greater output of the products.
Also factories could only be owned by the capitalists as it involved a lot of investment.
Land for factories and costly machineries needed to be purchased for successful implementation of this strategy.
Labour costing was also involved with this system.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 24 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 118 views.

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