The Growth of Industry in the U.S. (1865-1914) - PowerPoint PPT Presentation

About This Presentation
Title:

The Growth of Industry in the U.S. (1865-1914)

Description:

The Growth of Industry in the U.S. (1865-1914) The 2nd Industrial Revolution What is a Revolution? A dramatic change in the way things are done, belief systems ... – PowerPoint PPT presentation

Number of Views:115
Avg rating:3.0/5.0
Slides: 13
Provided by: VCS57
Category:

less

Transcript and Presenter's Notes

Title: The Growth of Industry in the U.S. (1865-1914)


1
The Growth of Industry in the U.S. (1865-1914)
  • The 2nd Industrial Revolution

2
What is a Revolution?
  • A dramatic change in the way things are done,
    belief systems, government, social orders, etc.

3
Forms of Revolution
  • Political
  • Economic
  • Agricultural
  • Social
  • Technology
  • Industrial

4
Industry
  • refers to an area of economic production focused
    on manufactoring which involves large amounts of
    Capital investment before any profit can be
    realized.
  • Also may refer to a group of businesses which
    produce the same product
  • i.e. The automobile industry

5
Industrialization
  • The process by which a country develops from a
    pre-industrial economy to an industrial economy

6
Factors Necessary For Industrialization
  • Land
  • Labor
  • Capital
  • Connections
  • Technology

7
Land
  • The physical land and the resources that are
    found on that land
  • Gold
  • Silver
  • Copper
  • Oil
  • Lumber
  • etc.

8
Labor
  • The workers to produce goods and services

9
Capital
  • Money to invest in the start of new businesses

10
Connections
  • Transportation and communication networks that
    connect businesses with their consumers
  • Examples
  • Railroads
  • Highways, Roads, Bridges
  • Communication Networks
  • Telegraph
  • Telephone
  • Internet

11
Technology
  • The application of knowledge towards the
    development of new ideas
  • Development of new inventions

12
Technology
  • Before 1865
  • No indoor electricity
  • No refrigeration
  • Communications were slowit took 10 days for a
    letter from NY to reach Chicago
  • After 1865
  • Money used by companies during the Civil War was
    used to invest in the development of new
    technology and the growth of industry
Write a Comment
User Comments (0)
About PowerShow.com