2. Industrial Development in the United StatesIndustrial Development in the United States
U.S. has natural and labor resources needed toU.S. has natural and labor resources needed to
industrializeindustrialize
Samuel Slater, English textile worker, builds textileSamuel Slater, English textile worker, builds textile
mill in the U.S.mill in the U.S.
Lowell, Massachusetts is a mechanized textile centerLowell, Massachusetts is a mechanized textile center
by 1820by 1820
Manufacturing towns spring up around factoriesManufacturing towns spring up around factories
across the countryacross the country
Young single women flock to factory towns, work inYoung single women flock to factory towns, work in
textile millstextile mills
Clothing and shoemaking industries soon mechanizeClothing and shoemaking industries soon mechanize
3. Industrial Development in the United StatesIndustrial Development in the United States
Later Expansion of U.S. IndustryLater Expansion of U.S. Industry
Industrialization picks up during post-Civil WarIndustrialization picks up during post-Civil War
technology boomtechnology boom
Cities like Chicago expand rapidly due to locationCities like Chicago expand rapidly due to location
on railroad lineson railroad lines
Small companies merge to form larger, powerfulSmall companies merge to form larger, powerful
companiescompanies
4. Industrial Development in the United StatesIndustrial Development in the United States
The Rise of CorporationsThe Rise of Corporations
Stock—limited ownership rights for company,Stock—limited ownership rights for company,
sold to raise moneysold to raise money
Corporation—company owned by stockholders,Corporation—company owned by stockholders,
share profits not debtsshare profits not debts
Large corporations attempt to control as muchLarge corporations attempt to control as much
business as they canbusiness as they can
5. Continental Europe IndustrializesContinental Europe Industrializes
Troubles in Continental EuropeTroubles in Continental Europe
Revolution and Napoleonic ward disrupted earlyRevolution and Napoleonic ward disrupted early
1919thth
-century economy-century economy
Beginnings in BelgiumBeginnings in Belgium
Belgium has iron ore, coal, water transportationBelgium has iron ore, coal, water transportation
British workers smuggle in machine plans and startBritish workers smuggle in machine plans and start
companies in 1799companies in 1799
6. Continental Europe IndustrializesContinental Europe Industrializes
Germany IndustrializesGermany Industrializes
Political, economic barriers; but industry, railroadsPolitical, economic barriers; but industry, railroads
boom by mid-centuryboom by mid-century
Expansion Elsewhere in EuropeExpansion Elsewhere in Europe
Bohemia develops spinning; Northern ItalyBohemia develops spinning; Northern Italy
mechanizes silk textilesmechanizes silk textiles
Industrialization in France more measured;Industrialization in France more measured;
agriculture remains strongagriculture remains strong
7. The Impact of IndustrializationThe Impact of Industrialization
Rise of Global InequalityRise of Global Inequality
Wealth gap widens; non-industrialized countriesWealth gap widens; non-industrialized countries
fall further behindfall further behind
European nations, U.S., Japan exploit colonies forEuropean nations, U.S., Japan exploit colonies for
recoursesrecourses
Imperialism spreads due to need for raw materials,Imperialism spreads due to need for raw materials,
marketsmarkets
8. The Impact of IndustrializationThe Impact of Industrialization
Transformation of SocietyTransformation of Society
Europe and U.S. gain economic powerEurope and U.S. gain economic power
African and Asian economies lag, based onAfrican and Asian economies lag, based on
agriculture, craftsagriculture, crafts
Rise of middle class strengthens democracy, callsRise of middle class strengthens democracy, calls
for social reformfor social reform