1 / 5

The Rise of Industry

Ch.9 Sec.1. The Rise of Industry. The U.S. Industrializes. U.S. Industry Increases Before the Civil War, American economy relied mostly on agriculture Only 1.3 million of 30 million worked in industry America became a leading industrial nation after the Civil War

nikita
Download Presentation

The Rise of Industry

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Ch.9 Sec.1 The Rise of Industry

  2. The U.S. Industrializes • U.S. Industry Increases • Before the Civil War, American economy relied mostly on agriculture • Only 1.3 million of 30 million worked in industry • America became a leading industrial nation after the Civil War • GNP was 8 times greater by 1914 than before the Civil War

  3. The U.S. Industrializes • Gross National Product – Total value of all goods & services produced by a country • Reasons for U.S. Industrialization • Abundance of natural resources • Discovery of oil • Large workforce • Free Enterprise System • New Inventions

  4. Free Enterprise System • Laissez-Faire Economics – The gov’t should not interfere w/ the economy unless private property or national peace are violated • Entrepreneurs – People who risk their own money to start and run a business

  5. New Inventions • New U.S. Inventions • The telephone (Alexander Graham Bell) • Electricity (Thomas Edison) • Ice Machine (Thaddeus Lowe) • Ready-made clothes & shoes

More Related