Industrialization

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Industrialization

• Chapter 14
• 1865-1901

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The Industrial Revolution 1865-1901

• The industrial revolution began in the early
  1800s.
• By 1900, the U.S. had transformed into the
  leading industrial nation

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• By 1914, our GROSS NATIONAL PRODUCT ( the value
  of all goods and services produced in the
  country) was 8 times what it was when the Civil
  War ended.
• Why?

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Four Reasons we became an Industrial Power!

• 1 ) Government Policies that encouraged Growth
• 2 )Cheap Labor
• 3 )Plentiful Raw Materials
• 4 ) New Inventions/ Technology

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New Inventions!

• New inventions helped increase the improve
  transportation and communication throughout the
  country
• Inventions meant
• New Jobs
• New Wealth
• New Corporations

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Cheap Labor

• Between 1860 and 1910, the U.S. population
  tripled because of
• New Immigrants ( Almost 20 million)
• Large Families
• This Meant
• More people to make the goods
• More people to make goods for

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Governments Role in Industry

• Gov. encouraged people to practice Laissez
  faire, meaning let people do as they choose
  and money will naturally follow
• They kept taxes on companies low
• They increased tariffs, so that people would Buy
  American Goods
• Encouraged Entrepreneurs- people who risk their
  capital to run a business

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Plentiful Raw Materials

• The U.S. had plenty of natural resources, such
  as
• Water, Copper, Timber, Coal and Iron
• Companies could get them easily and cheaply

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Oil

• It was also in this era that Edwin Drake drilled
  the first Oil Well as oil production rose, the
  economy boomed

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What were these inventions you ask?
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Thomas Edison

• We sat and looked and the lamp continued to burn
  and the longer it burned the more fascinated we
  were. None of us could go to bed and there was no
  sleep for over 40 hours we sat and just watched
  it with anxiety growing into elation. It lasted
  about 45 hours and then I said, If it will burn
  40 hours now I know I can make it burn a hundred.

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Technologies Impact

• As things were invented, technology would improve
  upon the original and ultimately shape the
  country dramatically
• The ice machine would eventually lead to
  refrigeration which kept people healthier
• The Automatic loom led to cheaper clothes and
  standard clothes sizes
• The light bulb made a million other jobs finally
  possible

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