industrialization spreads. industrialization development in the us united states has resources...
TRANSCRIPT
Industrialization Spreads
Industrialization development in the USUnited States has resources
Natural and Labor
Samuel Slater builds a textile mill in USLowell, Massachusetts is a textile center by 1820
Manufacturing towns spring up across country
War of 1812 makes United States independentEnglish blockade U.S. to prevent foreign trade
U.S. had to use it’s own resourcesHad to develop it’s own industries
Clothing and shoemaking industries mechanize quickly
Young single women leave country to work in the cities
Britain wants to keep secrets of industrializationForbids engineers, mechanics, and
toolmakers from leaving
Industrialization development in the US (cont.)
US an agricultural economy until end of Civil War
Post Civil War technology boom
Cities like Chicago expandClose to railroad lines
Wealth of oil, coal, and IronNew inventions- light bulb and telephoneSwelling population of consumers
Railroads play big role in industrializationMove goods anywhere in the country
Small companies merge to form larger ones
The rise of corporationsStock- Limited ownership rights for a company
Sold to raise money
Corporations – companies owned by stockholdersShare in profits but not debt
Try to control as much of industry as possible
Industrialization in Continental EuropeFrench Revolution and Napoleonic wars
Cause inflation & interrupt communications
Begins in BelgiumBritish workers smuggle plans for machinery
Start their own companies
Leads to gap between Europe and Britain
Industrialization in Continental Europe (Cont.)Germany
Politically dividedEconomically isolatedScattered resourcesIndustrialization and railroads change this
By 19th century becomes an industrial and military giant
FranceIndustrialization more measuredBalance between industry and agriculture
Impact of IndustrializationRise of global inequality
Industrial nations get richer
Non-industrialized ones fall further behind
Industrial nations exploit colonies for resourcesEurope, US and Japan
Imperialism rises
Transformation of societyEurope and US become economic powersAfrica and Asia lag behind
Economy based on agriculture and crafts
Rise of middle class encourages social reformDemocracy
LessonReinforcement
SB Pg. 296
Pg 294 #3-8