U.S. changed from an agricultural (farming) economy to an industrial economy.

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Presentation transcript:

U.S. changed from an agricultural (farming) economy to an industrial economy.

1)Land: not just the land, but also all of its natural resources W hat are some natural resources?

natural resources

2) Labor: large numbers of workers were needed

3) Capital: buildings, machinery, tools, and money,

Needed money to expand. corporations raised capital by selling stocks.

Shareholders became partial owners. Could earn dividends. Could also sell stock on the stock market.

John D. Rockefeller rockefellers-7-greatest-success-quotes/

Some quotes: “If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.” rockefellers-7-greatest-success-quotes/

What do you think this means? rockefellers-7-greatest-success-quotes/

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