1. Outcome: 7 Factors of America’s Industrial Growth
The Industrial Age
Outcome: 7 Factors of America’s Industrial Growth

2. Industrialization

3. 7 Factors of America’s Industrial Growth
Setting the Stage:
The U.S. has enjoyed many distinct advantages many other countries lack
Democracy and Capitalism allow for a prosperous nation
Unity following the Civil War along with Industrialization fever led America to evolve into a super producer

4. Natural Resources

5. 7 Factors of America’s Industrial Growth
Natural Resources: Become goods
Raw Materials – coal, iron ore, timber
Fertile soil -> surplus agriculture ----> Industrial Revolution
Swift moving water = power & transportation

6. 7 Factors of America’s Industrial Growth
Capital ($) Needed to pay for the production of goods
Stable currency = safe buying and selling (commerce)
Corporations formed to raise money through the sale of stock
Bank loans = start-up for factories and businesses

7. 7 Factors of America’s Industrial Growth
Labor Supply: Used to make goods
High birth rate
Immigration from Europe and Asia
Women & Children

8. 7 Factors of America’s Industrial Growth
Technology: Better ways to make more & better goods
Telephone = better & faster communication
Electricity = more production power
Factory system = faster production
Interchangeable parts -----> Assembly line
Examples Today: Cars, computers, houses
New inventions = more & better goods

10. 7 Factors of America’s Industrial Growth
Consumers: Bought & used goods & services
Mail order catalogues expanded sales of goods (Wards & Sears)
Department stores became common in large cities.
Overseas Markets = Exports to other countries = mores sales

11. 7 Factors of America’s Industrial Growth
Transportation: Linked raw materials to factories & factory goods to consumer markets
River & canals
Roads
Railroads (By Transcontinental Systems in U.S.)

13. 7 Factors of America’s Industrial Growth
Government Cooperation
High tariffs (tax on imports) -> Buying American goods
Patent System protected & encouraged inventions
No Interstate Tax = Free Trade (Rural Free Delivery)
Land Grants to railroads encouraged westward growth
Laissez-Faire philosophy = Hands-Off (limited) Government

14. 7 Factors of America’s Industrial Growth
Result: Due to these 7 factors coupled with our strong democratic & capitalistic beliefs, America was primed to become an economic superpower in the next 50 years. However, economic power does not come without its share of problems and those who are able to exploit the laissez-faire system.

15. 7 Factors of America’s Industrial Growth