Industrialization Spreads

Industrialization development in the US United States has resources Natural and Labor Samuel Slater builds a textile mill in US Lowell, Massachusetts is a textile center by 1820 Manufacturing towns spring up across country War of 1812 makes United States independent English blockade U.S. to prevent foreign trade U.S. had to use it’s own resources Had to develop it’s own industries Clothing and shoemaking industries mechanize quickly Young single women leave country to work in the cities

Britain wants to keep secrets of industrialization Forbids engineers, mechanics, and toolmakers from leaving Industrialization development in the US (cont.) US an agricultural economy until end of Civil War Post Civil War technology boom Cities like Chicago expand Close to railroad lines Wealth of oil, coal, and Iron New inventions- light bulb and telephone Swelling population of consumers Railroads play big role in industrialization Move goods anywhere in the country Small companies merge to form larger ones

The rise of corporations Stock- Limited ownership rights for a company Sold to raise money Corporations – companies owned by stockholders Share in profits but not debt Try to control as much of industry as possible Industrialization in Continental Europe French Revolution and Napoleonic wars Cause inflation & interrupt communications Begins in Belgium British workers smuggle plans for machinery Start their own companies Leads to gap between Europe and Britain

Industrialization in Continental Europe (Cont.) Germany Politically divided Economically isolated Scattered resources Industrialization and railroads change this By 19 th century becomes an industrial and military giant France Industrialization more measured Balance between industry and agriculture

Impact of Industrialization Rise of global inequality Industrial nations get richer Non-industrialized ones fall further behind Industrial nations exploit colonies for resources Europe, US and Japan Imperialism rises Transformation of society Europe and US become economic powers Africa and Asia lag behind Economy based on agriculture and crafts Rise of middle class encourages social reform Democracy

Lesson Reinforcement SB Pg. 296 Pg 294 #3-8