What do you know or think you know about the Industrial Revolution in the United States

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• What do you know (or think you know) about the
  Industrial Revolution in the United States?
• What do you want to learn?

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Industrial Revolution Vocabulary(loose-leaf
notebook paper!!!)
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• Producer-a person, company, or country that makes
  goods and sells them
• Consumer-a person who purchases goods and
  services for personal use
• Resources
• Natural resources-things found in nature that
  people can use
• Human resources-people who work to produce goods
  and services (aka labor)
• Capital resources-tools and machines companies
  use to produce goods and services (also includes
  the used to buy the equipment)

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• 4. Factors of production-land, labor, capital,
  and technology
• 5. Technology-the use of new ideas to make tools
  that improve peoples lives
• 6. Entrepreneur-a person who organizes and
  operates a business (a risk taker)
• 7. Monopoly-a company that has control of an
  entire industry (ex the steel-making industry)
  there is little or no competition, so the company
  can charge any price it wants for its products
• 8. Urbanization-moving of people from rural areas
  to cities
• 9. Immigrant-person who goes to live in a foreign
  country

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• 10. prejudice-a dislike for someone of a
  different race or culture
• 11. investors-people who give to a business
  or project, hoping to make a profit
• 12. emigrant-a person who leaves one country to
  move permanently to another
• 13. mechanization-using machines to do work
• 14. tenements-buildings that are divided into
  small apartments

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• Turn to your elbow buddy and discuss what you
  remember about our countrys economy before the
  Civil War. You have 2 minutes.

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The U. S. Economy

• Before the Civil War
• Agriculture and trade

After the Civil War Manufactured goods
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To manufacture goods, you need the factors of
production

• Land
• Labor
• Capital
• Technology

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New transportation systems furthered the
Industrial Revolution

• the transcontinental rr shipped raw materials to
  cities where manufacturers changed raw materials
  into consumer products, and then shipped these
  products to people everywhere

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New methods of mass production

• Andrew Carnegie used the Bessemer process to make
  steel in massice amounts
• (1856) Bessemers furnaces produced strong steel
  at affordable prices
• Carnegie Steel created a monopoly on steel
  production
• Carnegie made steel at the lowest possible cost
  he controlled every step of steel making
• Meat packers made a dis-assembly line where the
  hogs and cattle were killed, then cut into steaks
  and chops, and the leftovers stuffed into
  sausages
• 1st cars with gasoline-powered engines were built
  in Germany (late 1880s) the assembly line for
  automobiles wasnt introduced until 1913