The Rise of Industry• After the Civil War there were 30 million people living in the US –1.3 million worked in Industry.• Only 40 years later, by 1900, US was the largest Industrial country in the world. How did the US become the largest Industrial country in the World?Many factors contributed to the Industrial Revolution
The 5 factors that Contributed to IndustrializationCheap Labor Plenty of Raw Transportation Government New Materials- Railroads Policies Inventions Natural Resources
Cheap Labor• Between 1865-1910 about 20 million immigrants came from Eastern Europe-- countries like Italy, Greece, Poland and Russia Why did they come?1. Jobs-plenty of jobs and land in US2. Forced military service3. Avoid religious persecution4. Have a higher standard of living
These multitudes added to the growing industrial workforce,helping factories increase their production and furtheringdemand for industrial products
Plenty of Natural Resources West Water, timber, coal, iron, and copper- The presence of these raw materials meant that American companies could obtain them cheaply. But how would they get these products to and from the West??
The Railroad• By linking the nation, railroads helped increase the size of markets for many products.• The Railroad itself stimulated the economy by spending extraordinary amounts of money on steel, coal, timber and other necessities.
What was the Government Doing?• Nothing!!!• The Government practiced Laissez-Faire economies• Kept taxes low and imposed no regulations