1. Industrial Revolution Section 3
Chapter 25
Industrial Revolution Section 3

2. Industrial Development in the U.S.
U.S. had very similar resources to that of Britain
War of 1812
Britain blockade
Allowed U.S. to rely on it’s own resources
Could not import
Began as a textile industry
Britain attempts to keeps the industry as a secret
Samuel Slater=First spinning machine
Moses Brown=Opens First Factory

3. The Rise of Corporations
Technological Boom
Light bulb
Telephone
Resources such as coal, iron, and oil
U.S. rapidly growing population
Railroads for travel/work played huge role
Chicago/Minneapolis expanded rapidly

4. Building large businesses means you need lots of money
Business men sell stocks or rights of ownership to raise this money
Corporation is a business owned by stockholders
Share profits, not debt

5. Impact of Industrialization
Widened the gap between industrialized and non-industrialized countries
Russia, Japan, U.S. follow Britain’s lead
Seize colonies for economic resources
Imperialism takes over
Policy of extending one country's rule of many lands
Revolution in agriculture, production, transportation and communication change many lives
Industrialization Revolutionized daily life and life expectancy