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25.3 INDUSTIALIZATION SPREADS

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25.3 INDUSTIALIZATION SPREADS

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  1. WORLD HISTORY MR.HOOD SEPTEMBER 2014 • INSTRUCTIONS • START PREP • 25.3 INDUSTRIALIZATION SPREADS • MAIN IDEA • WHY IT MATTERS NOW • TERMS & NAMES • PAGE 723 • THEN START READING SECTION

  2. WORLD HISTORY MR. HOOD`S NOTES SEPTEMBER 2014 25.3 INDUSTRIALIZATION SPREADS

  3. MAIN IDEA THE INDUSTRIALIZATION THAT BEGAN IN GREAT BRITAIN SPREAD TO OTHER PARTS OF THE WORLD

  4. WHY IT MATTERS NOW THE INDUSTRIAL REVOLUTION SET THE STAGE FOR THE GROWTH OF MODERN CITIES AND A GLOBAL ECONOMY

  5. INTRODUCTION

  6. GREAT BRITAIN INDUSTRIALIZED FIRST

  7. BUT INDUSTRIALIZATION SOON SPREAD

  8. TO THE UNITED STATES + CONTINENTAL EUROPE

  9. OBJECTIVE 1 DESCRIBE INDUSTRIALIZATION IN THE UNITED STATES AND EUROPE.

  10. USA ALSO POSSESSED FACTORS OF PRODUCTION

  11. BUT USA WAS ENGAGED IN WAR OF 1812 WITH BRITAIN

  12. IN WHICH BRITAIN BLOCKADED THE UNITED STATES

  13. USA WAS STOPPED FROM ENGAGING IN INTERNATIONAL TRADE

  14. SO USA DEVELOPED OWN INDEPENDENT INDUSTRIES

  15. USA WOULD MAKE GOODS THEY COULD NO LONGER IMPORT

  16. US INDUSTRIALIZATION ALSO BEGAN IN TEXTILE INDUSTRY

  17. BRITAIN EAGER TO KEEP SECRETS OF INDUSTRIALIZATION TO ITSELF

  18. BRITAIN BANNED ENGINEERS + INVENTERS FROM LEAVING COUNTRY

  19. BUT SOME MANAGED TO GET TO THE USA

  20. TOOK IDEAS AND INVENTIONS WITH THEM

  21. REVOLUTIONIZED THE AMERICAN TEXTILE INDUSTRY

  22. CREATED A BOOMING MANUFACTURING CENTER

  23. THE NORTH EXPERIENCED MUCH INDUSTRIAL GROWTH

  24. BUT THE SOUTH REMAINED PRIMARILY AGRICULTURAL

  25. THEN USA EXPERIENCED A TECHNOLOGICAL BOOM OF ITS OWN

  26. INVENTIONS INCLUDED: ELECTRIC LIGHT BULB + TELEPHONE

  27. SWELLING POPULATION CONSUMED NEW MANUFACTURED GOODS

  28. LIKE GREAT BRITAIN, TRAINS BOOSTED INDUSTRIALIZATION

  29. CITIES GREW ALONG EXPANDING RAILROAD LINES

  30. BUSINESSES EMERGED ALONG EXPANDING RAILROAD LINES

  31. MEANWHILE, BUSINESSES NEEDED A GREAT DEAL OF MONEY

  32. TO RAISE MONEY, ENTREPRENEURS SOLD SHARES OF STOCK

  33. STOCKS ARE CERTIFICATES OF OWNERSHIP IN A COMPANY

  34. THESE BUSINESSES WERE CALLED CORPORATIONS

  35. PEOPLE WHO BOUGHT STOCKS BECAME PART OWNERS

  36. STOCKHOLDERS SHARE IN A CORPORATION`S PROFITS

  37. CARNEGIE STEEL COMPANY ANDREW CARNEGIE

  38. STANDARD OIL JOHN D. ROCKEFELLER

  39. THESE CORPORATIONS SOUGHT TO CONTROL EVERY ASPECT OF THEIR INDUSTRIES

  40. WORKERS EARNED LITTLE, CORPORATIONS MADE FORTUNES

  41. OBJECTIVE 2 IDENTIFY THE EFFECTS OF INDUSTRIALIZATION ON THE REST OF THE WORLD.

  42. INDUSTRIALIZATION EVENTUALLY REACHED EUROPE

  43. BELGIUM WAS FIRST

  44. THEN GERMANY

  45. POCKETS OF INDUSTRY EMERGED IN OTHER REGIONS

  46. BUT MANY COUNTRIES DID NOT INDUSTRIALIZE

  47. GEOGRAPHY WOULD NOT ALLOW IT

  48. WHAT WAS THE IMPACT OF INDUSTRIALIZATION?

  49. THE INDUSTRIAL REVOLUTION SHIFTED WORLD BALANCE OF POWER

  50. WIDENED GAP BETWEEN INDUSTRIALIZED + NON-INDUSTRIALIZED

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