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Dmitry [639]
2 years ago
5

How did investment in machines and factories impact the development of capitalism?

History
1 answer:
Alexxx [7]2 years ago
4 0

Answer:

As capitalists began to dominate the economies of many countries during the Industrial Revolution, the rapid growth of businesses and their tremendous profitability gave some owners the capital they needed to create enormous corporations that could monopolize an entire industry.

Explanation:

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<u></u>

The Waltham Mill was the first mill in the United States that served the purpose of processing raw cotton into finished cloth in one process and this all was done under one roof with the help of the water-driven power loom that the mill had. This was the apparatus used to weave yarn or thread into finished cloth.

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