1. Industrialization

2. Industrialization  American Industry Revolution started in early 1800’s  Progressed slowly 1860 1.3 Million worked in Industry1860 1.3 Million worked in Industry Population = 30 MillionPopulation = 30 Million  After Civil War Industry took off Early 1900 US=World’s leading industrial nationEarly 1900 US=World’s leading industrial nation 1914 US Gross National Product 8X greater the 18651914 US Gross National Product 8X greater the 1865

3. What led to these changes?  Natural Resources  People  Government involvement  Technology

4. Natural Resources  The US had vast natural resources Water TimberCoal Iron Copper  Bought cheaply, don’t need to import  Most resources were in the West -Settlement helped to locate them  Expanding RR brought settlers west and took material east

5. Natural Resources  New resources Petroleum (oil) Kerosene for lamps and stovesKerosene for lamps and stoves Basis for petroleum industryBasis for petroleum industry  By 1900 – Oil wells from PA to TX

6. The Workforce  1860-1910 – US population tripled  Workers = lower class white freed slaves freed slaves Immigrants Immigrants  Increase in population = higher demand for consumer goods

7. The Workforce  Economic Cycle Earn Money Buy Stuff Factories Make More People Work

9. Government Role in Industry  Laissez-Faire – French for “Let Do” Government should not interfere w/ businessGovernment should not interfere w/ business  Governments Role:  Decrease spending, decrease taxes  No costly regulations  No wage or price control  Trying to create Free market Competition Greater efficiency Supply and Demand regulates market

10. Government Role In Industry  Legislation to help business = Tariffs & Subsidies  Passed the Morrill Tariff = triple tariff  Higher Tariffs hurt Americans in foreign trade -opposite of Laissez-Faire -Europe placed higher tariffs on US goods

11. Inventions  Light bulb  Thomas Edison  1879

12. Inventions  Phonograph  Thomas Edison  1877

13. Inventions  Telephone  Alexander Graham Bell  1876

14. inventions  Gas Powered Car  Duryea Brothers  1895

15. Inventions  Inventions helped increase national production  They also improved transportation and communication