As of 2017, magnetic storage media, primarily hard disks, are widely used to store computer data as well as audio and video signals. In the field of computing, the term magnetic storage is preferred and in the field of audio and video production, the term magnetic recording is more commonly used.
The development of the spinning machine by Sir Richard Arkwright in England led directly to the rise of the Industrial Revolution, and a new world of manufactured products.
The free-enterprise system determines what is produced, how much is produced, and for whom the product is produced. The Industrial Revolution changed how goods were made in the United States and affected how people lived and worked.Previously, people made a living by supplying their own needs. With the new inventions, especially steam-power, the factory system (assembly line) began.he free-enterprise system determines what is produced, how much is produced, and for whom the product is produced. The Industrial Revolution changed how goods were made in the United States and affected how people lived and worked.