Industrynk

=The Rise of Industry= In the late 1800's, many Americans embraced the idea of laissez-faire a French phrase meaning "let people do as they choose." laissez-fair relies on supply and demand, rather than the government, to regulate wages and price. In the late 1800's, the profit motive attracted many capable and ambitious people into business. Entrepreneurs people who risk their capital to organize and run businesses were attracted by the prospect of making money in manufacturing and transportation. New inventions also during the late 1800's the light bulb and telephone were invented.