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1865 to 1900 Overview

Page history last edited by Mr. Hengsterman 4 years, 12 months ago

 

 

The Economics of Industrialization

The development of manufacturing on a large scale. This includes steel, oil, mining, and railroads.   Also impacted by Industrialization were social networks and consumer goods 

 

 

The Ingredients of Industrialization 

 

Natural Resources

 

Human Resources

 

Transportation networks

 

Captains of Industry or Robber Barons

 

Invention and Innovation in the Industrial Age

 

New Ways of doing business - Corporations 

 

The Impact of Industrialization on American Society 

The independent spirit of the average Industrial worker DIES

 

Labor's Response to rapid Industrialization - Unionization 
"Sweat of the laborer lubricated the vast new industrial machine. Yet the wage workers did not share proportionately with their employers in the benefits of the age of big business." 

 

The U.S. Government's response to rapid Industrialization

The U.S. employs a system of laissez-faire capitalism.  The government felt that the free market economic system would operate best with little or no interference by government. 

 

 

 

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