subject
History, 25.02.2021 03:10 genaro19

What does the following quote by historian Robert Allen regarding the importance of high wages and cheap energy, mean? "Wages were high and energy was cheap. These prices led directly to the Industrial Revolution by giving firms strong incentives to invent technologies that substituted capital and coal for labor." a. High wages and cheap energy created cheaper ways to produce items (rather than hand making), so, manufacturers pursued new ways to use machines to improve productions.

b. High wages and cheap energy did not allow for a cheaper way to make a product; thus, manufacturers relied on government supplements to fund invention.

thanks!!​

ansver
Answers: 2

Another question on History

question
History, 21.06.2019 23:20
In 1073, the fight over who gets to choose bishops was between pope gregory vii and king henry the iv. t or f
Answers: 1
question
History, 22.06.2019 01:00
How do private property rights serve as an incentive in a free enterprise economy ?
Answers: 1
question
History, 22.06.2019 06:10
Which two objectives does the international monetary fund (imf) address? a -creative stability b-allowing fluctuations in currency exchangec-reducing poverty in developing countriesd- segrating nations as industrial and agriculture economicse- promoting protectionism in trade
Answers: 2
question
History, 22.06.2019 07:00
The french and the dutch establish colonies in north america to, a. establish sugar plantations. b. spread catholicism to the native americans. c. extract gold and silver from the aztec empire. d. trade with native americans for furs.
Answers: 1
You know the right answer?
What does the following quote by historian Robert Allen regarding the importance of high wages and c...
Questions
question
Computers and Technology, 12.04.2021 02:20
question
Mathematics, 12.04.2021 02:30
question
Mathematics, 12.04.2021 02:30
Questions on the website: 13722363