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The Second Industrial Revolution and the Rise of Entrepreneurs

Explore the impact of the Second Industrial Revolution on America and the role of entrepreneurs during this time. Discover the inventions of Thomas Edison, Alexander Graham Bell, and other great minds that shaped the era. Learn about the principles of laissez-faire and the free enterprise system that drove economic growth.

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The Second Industrial Revolution and the Rise of Entrepreneurs

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  1. UNIT #2 –INDUSTRIALIZATIONLESSON #2 - New Inventions and Free Enterprise (94-95)

  2. New Plan for Composition Book: NEW VOCABULARY • Thomas Edison • Menlo Park • Alexander Graham Bell • Laissez-Faire • Free Enterprise System • Entrepreneurs ESSENTIAL QUESTIONS • What was America’s role in the “second” industrial revolution? • What type of man was the typical entrepreneur in this time?

  3. Start of Industrial Revolution (England, 1750) • Most people were living on ___________ • Life was hard, but _______ were __________ • Population _____________in late 1700s led to: • Lots of people willing to work for ___________ • Too many people on farms to sustain population • People moved to cities, for new opportunity • Lots of people needing ___________ • From this, the Industrial Revolution was born

  4. The Industrial Revolution in USA • Immigration and births after Civil War • American industry ______________ • Great men with great minds and great ideas appeared • They were usually _______ ________ • But saw opportunity • Worked __________ • Demanded _____________ • And became _____ made millionaires • Powerful… rich men • Others invented amazing new inventions…

  5. Inventors of America • Thomas_________ • “The ________ __ _________ ________” (NJ) • Research facility • Got famous from invention of _____________(1877) • And ________________ (1879) • Alexander Graham___________ • Experimented with transmitting sound • Invented the ________________ (1876)

  6. Other big American inventions • In Menlo Park • Cyrus Field • George Westinghouse (Wm Tesla) • Thaddeus Lowe • Home inventions • Dishwasher, washing machine, power sewing machine

  7. Free Enterprise • Early business owners worked hard to get rich • They resented any government interference • _____________________ • Government should keep hands ______ business • Believed competition would regulate _________ • Believed this way promoted wealth for all

  8. Free Enterprise • People willing to risk their $$ to make it rich were called ___________________ • USA became one of biggest trade centers in the world during and after Civil War

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