“Industrialization Spreads”

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Presentation transcript:

“Industrialization Spreads” Chapter 25, Section 3 “Industrialization Spreads”

Industrial Development in the United States A. Industrialization in the U.S. 1. Samuel Slater a. built spinning machine from memory in U.S. 2. Moses Brown a. built first factory in U.S. 3. Francis Cabot Lowell a. Lowell, Massachusetts 1. booming manufacturing center B. Later Expansion of U.S. Industry 1. causes of expansion a. natural resources b. burst of inventions c. urban population 2. railroads

C. The Rise of Corporations 1. stock a. certain rights of ownership a. business owned by stockholders who share in its profits but are not personally responsible for its debts b. Standard Oil Company – John D. Rockefeller c. Carnegie Steel Company – Andrew Carnegie http://faculty.uml.edu/sgallagher/Small22Jan1900.JPG

Continental Europe Industrializes A. Beginnings in Belgium 1. natural resources 2. waterways for transportation B. Germany Industrializes 1. imported British equipment & engineers 2. children sent to England to learn industrial management 3. railroads The Impact of Industrialization A. Rise of Global Inequality 1. widened gap between industrialized & non-industrialized countries 2. countries seized colonies for economic resources 3. imperialism a. extending one country’s rule over many other lands

Daily Essential Questions What early industries mechanized in the United States? How did the Industrial Revolution shift the world balance of power?