new technology was expensive and merchants and industrialist were caution about it.discuss the statement on the basis of steam engines
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New technology has risen in the near past at a very high rate.Establishment of this new technology has come with a lot of expenses,for example steam establishment of steam engines as discussed below;
Steam engine is a machine that performs using steam as its working fluid.At first steam was used in locomotion,the first locomotive train was first build in united kingdom.After being used for locomotion steam engine evolved to steam engine designs as use of turbines.
All this process is found to be very expensive because the steam engine needed the use of pistons which were very expensive to get.
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