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25.3 INDUSTRIALIZATION SPREAD MAIN IDEA

WHY IT MATTERS NOW TERMS & NAMES

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WORLD HISTORY II20 SEPTEMBER 2013MR. HOOD

25.3 INDUSTRIALIZATION SPREAD

WORLD HISTORY IIMR. HOOD`S NOTES20 SEPTEMBER 2013

MAIN IDEATHE INDUSTRIALIZATION THAT

BEGAN IN GREAT BRITAIN SPEAD TO OTHER PARTS OF THE WORLD

WHY IT MATTERS NOWTHE INDUSTRIAL REVOLUTION SET THE STAGE FOR THE GROWTH OF MODERN CITIES AND A GLOBAL

ECONOMY

INTRODUCTION

GREAT BRITAIN INDUSTRIALIZED

FIRST

BUT INDUSTRIALIZATION

SOON SPREAD

TO THE UNITED STATES +

CONTINENTAL EUROPE

OBJECTIVE 1DESCRIBE INDUSTRIALIZATION IN THE UNITED STATES AND EUROPE.

USA ALSO POSSESSED FACTORS

OF PRODUCTION

BUT USA WAS ENGAGED IN WAR OF 1812 WITH

BRITAIN

BRITAIN BLOCKADED THE UNITED STATES

USA WAS STOPPED FROM ENGAGING IN INTERNATIONAL TRADE

SO USA DEVELOPED OWN INDEPENDENT

INDUSTRIES

USA WOULD MAKE GOODS THEY

COULD NO LONGER IMPORT

US INDUSTRIALIZATION ALSO BEGAN IN TEXTILE

INDUSTRY

BRITAIN EAGER TO KEEP SECRETS OF INDUSTRIALIZATION TO

ITSELF

BRITAIN BANNED ENGINEERS + INVENTERS FROM LEAVING

COUNTRY

BUT SOME MANAGED TO GET

TO THE USA

TOOK IDEAS AND INVENTIONS

WITH THEM

REVOLUTIONIZED THE AMERICAN TEXTILE

INDUSTRY

CREATED A BOOMING MANUFACTURING CENTER

THE NORTH EXPERIENCED

MUCH INDUSTRIAL GROWTH

BUT THE SOUTH REMAINED PRIMARILY

AGRICULTURAL

THEN USA EXPERIENCED A

TECHNOLOGICAL BOOM OF ITS OWN

INVENTIONS INCLUDED: ELECTRIC LIGHT

BULB + TELEPHONE

SWELLING POPULATION CONSUMED NEW

MANUFACTURED GOODS

LIKE GREAT BRITAIN, TRAINS BOOSTED INDUSTRIALIZATION

CITIES GREW ALONG EXPANDING

RAILROAD LINES

BUSINESS EMERGED ALONG EXPANDING

RAILROAD LINES

MEANWHILE, BUSINESSES NEEDED A GREAT DEAL

OF MONEY

TO RAISE MONEY, ENTREPRENEURS SOLD SHARES OF STOCK

THESE BUSINESSES WERE CALLED CORPORATIONS

PEOPLE WHO BOUGHT STOCKS BECAME PART

OWNERS

STOCKHOLDERS SHARE

IN A CORPORATION`S PROFITS

CARNEGIE STEEL COMPANY

ANDREW CARNEGIE

STANDARD OIL

JOHN D. ROCKEFELLER

THESE CORPORATIONS SOUGHT TO CONTROL EVERY ASPECT OF THEIR

INDUSTRIES

WORKERS EARNED LITTLE,

CORPORATIONS MADE FORTUNES

OBJECTIVE 2IDENTIFY THE EFFECTS OF INDUSTRIALIZATIONON THE REST OF THE WORLD.

INDUSTRIALIZATION EVENTUALLY REACHED

EUROPE

BELGIUM WAS FIRST

THEN GERMANY

POCKETS OF INDUSTRY EMERGED IN OTHER

REGIONS

BUT MANY COUNTRIES DID NOT

INDUSTRIALIZE

GEOGRAPHY WOULD

NOT ALLOW IT

WHAT WAS THE IMPACT OF

INDUSTRIALIZATION?

THE INDUSTRIAL REVOLUTION SHIFTED WORLD BALANCE OF

POWER

WIDENED GAP BETWEEN INDUSTRIALIZED +

NON-INDUSTRIALIZED

INDUSTRIALIZED COUNTRIES NEEDED STEADY SUPPLY OF NATURAL

RESOURCES

THEY TURNED TO LESS-DEVELOPED

COUNTRIES

LED TO IMPERIALISM

SEIZING COLONIES FOR THEIR ECONOMIC

RESOURCES

IMPERIALISM BORN OUT OF CYLCE OF

INDUSTRIALIZATION

DEVELOPING COUNTRIES ALSO PROVIDED

NEW MARKET