The principal reasons for the growth of the United States' factory system was the Embargo Act and the War of 1812. With the Embargo Act competition from factories in England and France were halted. President Thomas Jefferson through Congress instituted the Embargo Act in 1807, before the War.
A Bachelor of Arts typically leads to lifetime earnings four times greater than that of a high school graduate. I believe a Bachelor of Science is more, then a Masters and finally a Professional degree.