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Name the machine that increased the productivity of the traditional spindles in textile industry
  • a)
    Spinning engine
  • b)
    Flying shuttle
  • c)
    Steam engine
  • d)
    Spinning Jenny
Correct answer is option 'D'. Can you explain this answer?
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Name the machine that increased the productivity of the traditional sp...
In 1764, the Spinning Jenny was invented by John Kaye which increased the productivity of the traditional spindles. Then came the steam engine. It was invented by Richard Arkwright in 1786. These two inventions revolutionised cotton textile weaving in England.
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Name the machine that increased the productivity of the traditional sp...

Spinning Jenny

The Spinning Jenny was a machine that revolutionized the textile industry by significantly increasing the productivity of traditional spindles. It was invented by James Hargreaves in 1764 and played a crucial role in the Industrial Revolution.

How it increased productivity:

- Multiple spindles: The Spinning Jenny allowed one worker to operate multiple spindles at once, which greatly increased the amount of yarn that could be produced.

- Automated process: The machine automated the process of spinning yarn, reducing the amount of manual labor required and speeding up production.

- Increased speed: By allowing for simultaneous spinning of multiple spindles, the Spinning Jenny was able to produce yarn at a much faster rate compared to traditional methods.

Impact on the textile industry:

- Increased efficiency: The Spinning Jenny led to a significant increase in the efficiency of textile production, making it possible to produce more yarn in a shorter amount of time.

- Lowered costs: With the higher productivity of the Spinning Jenny, the cost of producing yarn decreased, making textiles more affordable and accessible to a larger population.

- Economic growth: The increased productivity and efficiency brought about by the Spinning Jenny contributed to the growth of the textile industry and played a key role in the Industrial Revolution.

In conclusion, the Spinning Jenny was a groundbreaking invention that transformed the textile industry by increasing productivity, lowering costs, and driving economic growth.
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Passage 2After the end of World War II, a pervasive, but unfortunately fallacious, economic perspective took hold. Based on the United States successful emergence from the Depression, the idea that war was good for an economy became fashionable. However, linking the United States economic recovery with its entry into World War II is a prime example offlawed economic thinking.Supporters of the war benefits economy theory hold that a country at war is a country with a booming economy. Industry must produce weapons, supplies, food, and clothing for the troops. The increased production necessitates the hiring of more people, reducing unemployment. More employment means more money in the pockets of citizens, who are then likely to go out and spend that money, helping the retail sector of the economy. Retail shops experience an increase in business and may need to hire more workers, further reducing unemployment and adding to the economic momentum. While this scenario sounds good in theory, it does not accurately represent what truly happens in a war time economy.In reality, the government can fund a war in a combination of three ways. It can raise taxes, cut spending on other areas, or increase the national debt. Each of these strategies has a negative impact on the economy. An increase in taxes takes money out of an individuals hands, leading to a reduction in consumer spending.Clearly, there is no net benefit to the economy in that case. Cutting spending in other areas has its costs as well, even if they are not as obvious.Any reduction in government spending means the imposition of a greater burden on the benefactors of that government spending. Cutbacks in a particular program mean that the people who normally depend on that program now must spend more of their money to make up for the government cuts. This also takes money out of consumers hands and leaves the economy depressed. Of course, a government could go into debt during the war, but such a strategy simply means that at some point in the future, taxes must be increased or spending decreased. Plus, the interest on the debt must be paid as well.Q. The passage implies which of the following about a government that funds a war by increasing the national debt?

Passage 2After the end of World War II, a pervasive, but unfortunately fallacious, economic perspective took hold. Based on the United States successful emergence from the Depression, the idea that war was good for an economy became fashionable. However, linking the United States economic recovery with its entry into World War II is a prime example offlawed economic thinking.Supporters of the war benefits economy theory hold that a country at war is a country with a booming economy. Industry must produce weapons, supplies, food, and clothing for the troops. The increased production necessitates the hiring of more people, reducing unemployment. More employment means more money in the pockets of citizens, who are then likely to go out and spend that money, helping the retail sector of the economy. Retail shops experience an increase in business and may need to hire more workers, further reducing unemployment and adding to the economic momentum. While this scenario sounds good in theory, it does not accurately represent what truly happens in a war time economy.In reality, the government can fund a war in a combination of three ways. It can raise taxes, cut spending on other areas, or increase the national debt. Each of these strategies has a negative impact on the economy. An increase in taxes takes money out of an individuals hands, leading to a reduction in consumer spending.Clearly, there is no net benefit to the economy in that case. Cutting spending in other areas has its costs as well, even if they are not as obvious.Any reduction in government spending means the imposition of a greater burden on the benefactors of that government spending. Cutbacks in a particular program mean that the people who normally depend on that program now must spend more of their money to make up for the government cuts. This also takes money out of consumers hands and leaves the economy depressed. Of course, a government could go into debt during the war, but such a strategy simply means that at some point in the future, taxes must be increased or spending decreased. Plus, the interest on the debt must be paid as well.Q. Which of the following situations best mirrors the effect that cutting spending in government programs has, as detailed in the passage?

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Name the machine that increased the productivity of the traditional spindles in textile industrya)Spinning engineb)Flying shuttlec)Steam engined)Spinning JennyCorrect answer is option 'D'. Can you explain this answer?
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