Industry Not until after the Civil War did U.S. catch up to the Industrial Revolution Once it started, it was rampant By 1914, GDP was 8x larger than it was after Civil War Natural resources U.S. contains lots of raw materials Cheap, not imported

Industry Large Workforce Immigrants Poor conditions in home countries Many opportunities here Population tripled Government Laissez-faire economics Few government regulations Helped industry expand

Industry With Industry growing, railroads expand Linked the nation Easier to travel, ship All of this led to a growth in city life Migrate to where jobs are Reshaped what cities were

Industry Business began to rise Took advantage of unregulated market Formed trusts Merging of businesses Legal at the time Standard oil, Carnegie steel, Union Pacific Rapid change in Industry caused rapid change in American Lifestyle

Assignment In a group of 4 do the following on a separate piece of paper Define, in your own words what you think industrialization means Come up with three positives and three negatives to this