How did advancements in technology impact the economy of the west?
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People risked their lives to open the West to commerce and settlement, braving harsh climatic and geologic conditions to cross the country and secure the land. Technology helped ease some of the strain and, in some cases, ensured success. Canals, stagecoaches, and railroads made it possible for thousands of people to settle the West.
A new study of more than a million patents issued over the past 100 years shows that not only do technological advancements have a positive impact on the economy, they actually expand it. Eras marked by technological innovation, such as the 1920s, 1960s and 1990s, pushed industries to produce more, actually growing the economy and improving the country's financial health.
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