2. TheIndustrialization of America The Industrial Revolution swept through America in only one generation By 1900, the United States was the leading industrial power in the world This was aided by America's abundant natural resources, investment capital from Europe, a cheap immigrant workforce, and huge urban centers which demanded consumer goods These characteristics provided the United States with the ability to surpass Great Britain in industrial development
3. RobberBarons The business economy was dominated by huge corporations Out of this, great monopolies were created and only a few dozen companies controlled all the industry in the country These were the "captains of industry" and "robber barons" (depending on your point of view) of old The country was owned by people like Carnegie, Rockefeller, Vanderbuilt, and J.P. Morgan
