Industrialization Spreads - Coggle Diagram
Industrial Development in the United States
The United States had fast flowing rivers and rich deposits of natural resources, along with a lot of laborers which allowed the country to industrialize.
It began with the textile industry when a British mill worker had memorized the spinning machine design. Years later Francis Cabot Lowell and other investors mechanized every stage of the textile industry.
With the money earned they were able to continue the operation in a Massachusetts town, named after Lowell when we died.
It became a manufacturing center and a model for other towns, women moved from the rural areas into these towns to get higher wages.
A lor of the industrial growth occurred in the early 1800's, but the country had remained mostly agricultural.
The country experienced a "technological boom" thanks to the wealth of natural resources, a burst of inventions, and an urban-consumer population.
Railroads proved to be a profitable business, which led to the creation of corporations.
A corporation is a business owned by stockholders who share the profits.
Large corporations such as Standard Oil by John D Rockefeller and Carnegie Steel Company by Andrew Carnegie were able to rise.
Continental Europe Industrializes
European businesses started to adopt the new profitable methods of manufacturing goods.
This was hard because the French Revolution and the Napoleonic wars caused a halt in trade, and caused inflation.
Industrialization started in Belgium thanks to its rich deposits and waterways for transportation. British carpenter smuggled secret plans to build spinning machinery, which produced steam engines and railway locomotives.
Germany was politically divided. Economic isolation prevented much progress from industrialization, but the Ruhr Valley allowed them to build railroads. They unified as an empire and became an industrial and military giant.
In other countries of Europe the industrialization happened by region, instead of country, such as Catalonia, which processed more cotton than Belgium. Although many countries did not industrialize because of social structure and geography.
The Impact of Industrialization
Industrialization shifted the world balance of power.
It widened a wealth gap between industrialized and non industrialized countries, but they had raw material.
This led to the rise of Imperialism, which means extending one country's rule over many other lands, which made wealthy countries even more wealthy.
It gave Europe a lot of economic power, it revolutionized society from daily life to life expectancy. Population, health, and wealth rose in industrialized countries. This fueled a powerful movement for social reform.