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25.3 Industrialization Spreads

Learn about industrialization in the US & Europe, rise of corporations, societal transformation, & global inequality caused by economic shifts during this period.

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25.3 Industrialization Spreads

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  1. 25.3 Industrialization Spreads The Industrialization that begins in Great Britain spreads to other parts of the world.

  2. Industrial Development in the United States • U.S. has natural and labor resources needed to industrialize • Samuel Slater, English textile worker, builds textile mill in the U.S. • Lowell, Massachusetts is a mechanized textile center by 1820 • Manufacturing towns spring up around factories across the country • Young single women flock to factory towns, work in textile mills • Clothing and shoemaking industries soon mechanize

  3. Industrial Development in the United States • Later Expansion of U.S. Industry • Industrialization picks up during post-Civil War technology boom • Cities like Chicago expand rapidly due to location on railroad lines • Small companies merge to form larger, powerful companies

  4. Industrial Development in the United States • The Rise of Corporations • Stock—limited ownership rights for company, sold to raise money • Corporation—company owned by stockholders, share profits not debts • Large corporations attempt to control as much business as they can

  5. Continental Europe Industrializes • Troubles in Continental Europe • Revolution and Napoleonic ward disrupted early 19th-century economy • Beginnings in Belgium • Belgium has iron ore, coal, water transportation • British workers smuggle in machine plans and start companies in 1799

  6. Continental Europe Industrializes • Germany Industrializes • Political, economic barriers; but industry, railroads boom by mid-century • Expansion Elsewhere in Europe • Bohemia develops spinning; Northern Italy mechanizes silk textiles • Industrialization in France more measured; agriculture remains strong

  7. The Impact of Industrialization • Rise of Global Inequality • Wealth gap widens; non-industrialized countries fall further behind • European nations, U.S., Japan exploit colonies for recourses • Imperialism spreads due to need for raw materials, markets

  8. The Impact of Industrialization • Transformation of Society • Europe and U.S. gain economic power • African and Asian economies lag, based on agriculture, crafts • Rise of middle class strengthens democracy, calls for social reform

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