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American Industrialization I. What Factors Caused the US to Industrialize?
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Abundant Raw Materials
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Homestead Act of 1862
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LANDGRANTSLANDGRANTS
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Business Competition: “Robber Barons”
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Abundant Cheap Labor
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Pro-Business Government Leadership/No regulation Laissez – Faire
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Examples of US Industrialization
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Steel Production
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II. Problems with Industrialization
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1.Exploitation of workers: low pay & dangerous conditions
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2. Child labor
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3. Pollution & Environmental Damage
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vertical integration horizontal consolidation 4. Consolidation of Power
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5. “Trusts” have too much power -- Undemocratic & Anti-Individual
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6. Govt. no longer “for the people”
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Workers Respond: 1877 Workers Respond: 1877 The Great Strike
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Knights of labor
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Haymarket Affair 1886
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1894
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