In 1857, Waltham, Massachusetts jumped from the First to the Second Industrial Revolution by becoming the global home of the mass-produced pocketwatch, capitalizing on the railroad industry and then the American Civil War.
Description: Which industry popularized the US multinational corporation, monthly consumer financing, buybacks of used products, repair service teams, interchangeable parts, patent pooling, and ready-to-wear garments? Sewing machines! Bill, Kelley, and Rachel.
Description: Bill, Kelley, and Rachel discuss the reasons for (and effects of) American capitalists’ enthusiasm for interchangeable parts and “the American system of manufacturing” during the First Industrial Revolution.