The Growth of Industry In 19th Century America New Inventions High Pressure Steam Engine - Oliver Evans (1800) Mechanical Reaper - Cyrus McCormick (1831)

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Presentation transcript:

The Growth of Industry In 19th Century America

New Inventions High Pressure Steam Engine - Oliver Evans (1800) Mechanical Reaper - Cyrus McCormick (1831) Vulcanized Rubber - Charles Goodyear (1844) First public telegram transmission (1844) Sewing Machine - Elias Howe (1846)

The Spread of Factories American factory system spread out of necessity for manufactured goods prior to 1815 U.S. shipping industry impacted by growth of domestic manufacturing Peace with England dampened the early boom

Mass Production Firearms industry first to utilize mass-produced interchangeable parts As early as Eli Whitney was developing interchangeable parts The basis for modern mass- production and assembly line methods

Improvements in Business Organization The formation of corporations Limited liability for individual investors Boston Associates an early investment capital company Stock exchanges created to trade corporate shares

The Railroad Boom Canal building slowed by late 1830s Steam locomotives pioneered in England Railroads development proliferated rapidly in the 1850s Improvements in rails and standardization of track aided growth

Benefits of Railroads Greater and faster access to the West Cheaper shipping aided farmers Stimulated supporting industries such as iron and coal Provided reliable, all-weather, year- round transportation for people and goods Some negative effects as well

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