Industrial Revolution in America

IndustryNot until after the Civil War did U.S. catch up

to the Industrial RevolutionOnce it started, it was rampant

By 1914, GDP was 8x larger than it was after Civil War

Natural resourcesU.S. contains lots of raw materialsCheap, not imported

IndustryLarge Workforce

Immigrants Poor conditions in home countries Many opportunities here

Population tripledGovernment

Laissez-faire economics Few government regulations

Helped industry expand

IndustryWith Industry growing, railroads expand

Linked the nation Easier to travel, ship

All of this led to a growth in city lifeMigrate to where jobs areReshaped what cities were

IndustryBusiness began to rise

Took advantage of unregulated marketFormed trusts

Merging of businesses Legal at the time

Standard oil, Carnegie steel, Union PacificRapid change in Industry caused rapid

change in American Lifestyle

AssignmentIn a group of 4 do the following on a separate

piece of paperDefine, in your own words what you think

industrialization meansCome up with three positives and three

negatives to this