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The Industrialization of the United States in the late 1800’s
How and why did the U.S. become a world economic power? The Industrialization of the United States in the late 1800’s
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I. What Factors Caused the U. S
I. What Factors Caused the U.S. to Industrialize in the late 19th Century?
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Abundant Raw Materials
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Ex: Alexander Graham Bell
Inventions/Inventors Ex: Alexander Graham Bell & Thomas Edison Optimism & Technological Innovation 8:00-14:00 Also: Camera Telegraph Sewing machine Record player X-ray
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(Ex: Andrew Carnegie, JD Rockefeller & JP Morgan)
Business Savvy (Ex: Andrew Carnegie, JD Rockefeller & JP Morgan)
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Ex: Eastern & Southern European Immigration
Abundant Cheap Labor Ex: Eastern & Southern European Immigration
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6:10-8:00 & 14:00-15:00 0-1:45
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Pro-Business Government
Laissez Faire policy = basically no rules on what businesses can do Railroad Land Grants
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II. Examples of U.S. Industrialization in late 1800’s
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Railroads
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Steel Carnegie steals the Bessemer process
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New Forms of Business Organization
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III. Problems with Industrialization
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Exploitation of workers: low pay & dangerous conditions
2:00-5:00
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Pollution & Environmental Damage
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Critics Argue that “Trusts” (monopolies) have too much power
-- that they are undemocratic & anti-individual
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Critics Argue: Govt’ no longer “for the people”
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Were Industrialists “Robber Barons”?
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Or were they “Captains of Industry”?
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