1. Industrialization

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

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

4. Natural Resources The US had vast natural resources Water Timber Coal
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 stoves
Basis 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
Immigrants
Increase in population = higher demand for consumer goods

7. The Workforce
Economic Cycle

9. Government Role in Industry
Laissez-Faire – French for “Let Do”
Government 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; improve transportation and communication