I'd like to add one more issue to the discussion. The Industrial Revolution changed the concept of work in America on several levels. First, as productivity advanced, so did the need for more workers and more work hours. More people entered the workforce than ever before, actually causing a nationwide shift in polulation from the rural to the more urban areas, where the jobs were.
The State Children's Health Insurance Program, or SCHIP, was established by the federal government ten years ago to provide health insurance to children in families at or below 200 percent of the federal poverty line.
But Intel knew it had a winner. They offered to return the entire $40,000 investment to BUSICOM, thus putting the Japanese company at ease, and gaining ownership of the new chip for itself. That first chip was called the 4004. It was 1/8 by 1/16 with 2300 transistors etched into the silicon. And all by itself it was as powerful as ENIAC, the early (mammoth at 30 tons!) computer built in 1946. Copyright 1999, ScienCentral, Inc, and The American Institute of Physics.