Question

Explain how reductions in transportation costs led to economic growth from 1790-1860.

Answer 1

Transport played an important role in the success of the Industrial Revolution. Where earlier transportation used to take a lot of time and high cost, important inventions during the Industrial Revolution reduced the cost of transportation and also reduced the time which played an important role in the success of the Industrial Revolution. The steam engine invented by James Watt during the Industrial Revolution abruptly reduced transportation costs, leading to larger ships operating economically, resulting in far larger and economical exports. Began The second biggest discovery was the discovery of road construction technology by Macadam, which led to an unprecedented reduction in transportation costs resulting in cheaper transportation as well as increased reliability, which laid the foundation for the success of the Industrial Revolution. One of the biggest discoveries during the Industrial Revolution was the invention of the railroad which transformed the world's transport. The work of fixing the path of months in days was done by rail-road, it also cut the cost so that goods train was able to easily carry more goods at a lower cost and it increased the number of customers, increased traffic, communication system. The result of all this is that the economy grew rapidly.