Industrialization Spreads

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Industrialization Spreads. Chapter 25 Section 3. Key Terms. Stock Corporation. Factors of Success. Political stability-1700’s at home the country was a peace, commerce thrived Government support-Parliament passed laws that favored business - PowerPoint PPT Presentation

Transcript of Industrialization Spreads

A New Kind of Revolution

Chapter 25 Section 3Industrialization SpreadsKey TermsStockCorporationFactors of SuccessPolitical stability-1700s at home the country was a peace, commerce thrivedGovernment support-Parliament passed laws that favored businessGrowth of private investment-private funding for research and development

Industrialization SpreadsWestern Europe, AmericasAsia and Africa did not industrialize in the 1800s

Industry and the WestWestern countries individual freedom a significant forcePeople enjoyed political libertyPeople could compete Western societies competition as goodWealth and fame was the reward

Industry and the WestWesterners exploited other countries to competeCompeted to improve inventions or processesIndustry Comes to AmericaBritain outlawed the export of certain machinesForbid skilled craftsman from leaving the country1760- 1830 Industrial Revolution mainly in Great Britain

Industry comes to the AmericaUnited States one of the first places to benefit from Industrialization1791 Alexander Hamilton (Secretary of the Treasury)Industrialization would help the United States gain economic independenceWanted government to bribe British citizens to bring knowledge to U.S.

Industry Comes to AmericaSamuel Slater came from BritainBuilt a model of the water frame in Rhode Island1793 built Slaters Mill In Pawtucket Rhode islandBecame the father of American industry

Industry Comes to AmericaTextile mill technology spreadsLowell Massachusetts becomes the jewel of American IndustryLowells mills were forty multistory buildings on a network of 6 miles of canals

Industry Comes to AmericaLowell first all in one millTook raw cotton to fiber to finished clothHired young single girlsProvided good wages and clean housing10,000 workers employed by 1850

Late Expansion of U.S. Industry1800s Northeast experienced industrial growthU.S. was agricultural till end of the Civil WarWealth of natural resourcesOil, coal, ironInvention like the electric light bulb and telephone

Late Expansion of U.S. IndustryRailroad played a major partChicago, stock yards Minneapolis grainExpanded in late 1800sA few companies controlled all the railroads

Rise of CorporationsStock-certain rights of ownershipCorporation- a business owned by stockholders who share profits, but are not personally responsible for its debtsLate 1800sStandard Oil, John D. RockefellerCarnegie Steel, Andrew Carnegie

Industry Spreads to Europe1807 William Cockerill founded a textile factory in BelgiumPolitical unrest delayed industrialization of France1848 France becomes an industrial powerTreaties helped drop trade barriers

Germany IndustrializesPolitically divided in early 1800sRuhr Valley was coal richGermany began to copy British modelSent children to England to learn industrial managementImported British equipment and engineers

Germany IndustrializesGermany build railroads that linked manufacturing citiesGermanys economic strength spurred ability to develop a militaryLate 1800s Germany became a industrial and military giant

Expansion Elsewhere in EuropeBohemia developed a spinning industrySpain processed more cotton than BelgiumNorthern Italy mechanized its textile productionSerf labor ran factories in Moscow and Saint Petersburg

Expansion Elsewhere in EuropeFrance had industrial growth after 1830Industrialization more measured and controlledAgriculture remained strong 1850 France began railway constructionSome countries were delayed because of social structures

Industry in AsiaAlthough today Japan is one of the more industrialized nationsTook until 1868 for Industrial Revolution to take holdMeiji government came to power modernized the countryJapan was ahead of its Asian neighbors

Transformation of Society1700-1900 revolutions in agriculture, production, transportation, and communicationIndustrialization gave Europe tremendous economic powerIndustrialization changed every aspect of lifeHealth and wealth rose dramatically

Transformation of SocietyDevelopment of the middle classCreated opportunities inEducationDemocratic participationGreater democratic participation in turn, fueled a powerful movement for social reform