Industrial Revolution made unprecedented advances with agricultural and industrial changes. The following discoveries in technology made it all possible:
1. Agricultural revolution produced raw materials needed for establishing basic industries. New ways, techniques, and systems in agriculture were used;
2. Technology in industries was brought out. High demand and supply on manufacture goods were done with the use of machines.Transportation of raw materials needed by industries was traveled with the help of steam engine trains. The textile industries invented machines to process cotton and produce cloth. Metal industries created metal materials like pins, bullets, guns and machines.
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For decades there had been significant debate about the amount of currency in circulation. Farmers wanted more to able to have loans at lower interest rates. Obviously this did not appeal to businessmen who would want to have higher interest rates. In the years prior there had been considerable debate over the use of the gold standard and increasing the minting of coins in silver. This would be the last election where a major candidate could win the presidency by winning only by the agrarian or "farmer" vote, due to the increase in urban centers throughout the U.S. passing the threshold.
The gap between the rich and the poor grew in the 1980's <span>because the rich were able to buy homes and stocks, and got big tax breaks.</span>
