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The American effort to bring home German rocket technology in Operation Paperclip, and the bringing of German rocket scientist Wernher von Braun (who would later sit at the head of a NASA center) stand out in particular. Expendable rockets provided the means for launching artificial satellites, as well as crewed spacecraft.
The technology and information on how to build a textile industry were largely provided by Samuel Slater (1768–1835) who emigrated to New England in 1789. He had studied and worked in British textile mills for a number of years and immigrated to the United States, despite restrictions against it, to try his luck with U.S. manufacturers who ...
The American textile industry was established during the long period of wars from 1793 to 1815, when cheap cloth imports from Britain were unavailable. Samuel Slater secretly brought in the plans for complex textile machinery from Britain, and he built new factories in Rhode Island using the stolen designs. [ 82 ]
Despite a small percentage of the population then working in industry, the U.S. government took action to promote the expansion of U.S. industry. An important example is Alexander Hamilton's proposal of the "American School" ideas which supported high tariffs to protect U.S. industry. [23]
Manufacturing is a vital economic sector in the United States of America. [1] The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion. [2] As of December 2016, the U.S. manufacturing industry employed 12.35 million people.
For instance, Bank of America’s 2024 Study of Wealthy Individuals reported that 31% of investors with $3 million in investable assets believe real estate is the “greatest growth opportunity.”
The term Silicon Valley is often used as a synecdoche for the American high-technology economic sector. The name also became a global synonym for leading high-tech research and enterprises, and thus inspired similarly named locations , as well as research parks and technology centers with comparable structures all around the world.
As late as 1900, most industrial workers in the United States worked a 10-hour day (12 hours in the steel industry), yet earned 20–40% less than the minimum deemed necessary for a decent life; [158] however, most workers in textiles, which was by far the leading industry in terms of employment, were women and children. [44]