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  • The history of US industry has been marked by the introduction of increasingly sophisticated technology in the manufacturing process. Advances in chemistry and electronics have revolutionized many industries through new products and methods: examples include the impact of plastics on petrochemicals, the use of lasers and electronic sensors as measuring and controlling devices, and the application of microprocessors to computing machines, home entertainment products, and a variety of other industries. Most historians agree[citation needed] that the period in which the greatest economic and technological progress occurred was between the end of the 18th century and the beginning of the 20th. During this period the nation was transformed from an agricultural economy to the foremost industrial power in the world, with more than a third of the global industrial output. This can be illustrated by the index of total industrial production, which increased from 4.29 in 1790 to 1975.00 in 1913, an increase of 460 times Science, technology, and industry have not only profoundly shaped America's economic success, but have also contributed to its distinct political institutions, social structure, educational system, and cultural identity. American values of meritocracy, entrepreneurship, and self-sufficiency are drawn from its legacy of pioneering technical advances. ... more

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