Industrial America. The United States will transform its economy after the Civil War Factories, manufacturing, large-scale agriculture and big business.

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Presentation transcript:

Industrial America

The United States will transform its economy after the Civil War Factories, manufacturing, large-scale agriculture and big business will replace the old economy This will create vast wealth for some, and devastating poverty for others

Industrial America The economy will expand through new business practices Corporation- a business formed by many people to limit liability

Corporation

Industrial America The United States will also lead the world in new technology Henry Bessemer- developed the Bessemer process which made steel cheaper and easily made

Henry Bessemer

The Bessemer Process

Industrial America The United States will also lead the world in new technology Henry Bessemer- developed the Bessemer process which made steel cheaper and easily made Thomas Edison- the light bulb

Thomas Edison and the Light Bulb

Industrial America The United States will also lead the world in new technology Henry Bessemer- developed the Bessemer process which made steel cheaper and easily made Thomas Edison- the light bulb Alexander Graham Bell- the telephone

Alexander Graham Bell and the Telephone

Industrial America The United States will also lead the world in new technology Henry Bessemer- developed the Bessemer process which made steel cheaper and easily made Thomas Edison- the light bulb Alexander Graham Bell- the telephone The Wright Brothers- the airplane

The Wright Brothers and the Airplane

Industrial America The United States will also lead the world in new technology Henry Bessemer- developed the Bessemer process which made steel cheaper and easily made Thomas Edison- the light bulb Alexander Graham Bell- the telephone The Wright Brothers- the airplane Henry Ford- the assembly line

Assembly Line at Ford Plant

Industrial America Several industrial leaders will emerge to create large corporations: Andrew Carnegie- U.S. Steel

Industrial America Several industrial leaders will emerge to create large corporations: Andrew Carnegie- U.S. Steel J.P. Morgan- financier

J.P. Morgan

Industrial America Several industrial leaders will emerge to create large corporations: Andrew Carnegie- U.S. Steel J.P. Morgan- Financier John D. Rockefeller- Oil

John D. Rockefeller

Industrial America Several industrial leaders will emerge to create large corporations: Andrew Carnegie- U.S. Steel J.P. Morgan- Financier John D. Rockefeller- Oil Cornelius Vanderbilt- Railroad Tycoon

Cornelius Vanderbilt

Industrial America The United States government rarely interfered with large corporations –Land grants –Railroad Builders Laissez Faire- economy where government does not get in the way of capitalism Immigration will give big business a never ending supply of cheap labor The United States will enter the 1900s as a industrial and technological leader