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The Rise of Industry
Chapter 9 Section 1
The U.S. Industrializes
 After the Civil War, many people left their farms to
work in mines and factories.
 By the 1900s, the U.S. had become the world’s
leader in Gross National Product (GNP).
 GNP is the total value of all goods and services it
produces during a year.
 What caused population growth in the U.S.?
Natural Resources
 Because of the abundance of resources,
Americans could obtain them cheaply.
 Who drilled the first oil well, near Titusville,
PA?
Laissez-Faire
 Supporters of this believe the government
should not interfere in the economy.
 This relies on supply and demand.
 Supporters of this also support low taxes,
why?
Entrepreneurs
 Entrepreneurs are people who risk their
capital in organizing and running a business.
Famous Entrepreneurs
Government’s Role in
Industrialism
 Since the 1800s, northern and southern states
had a constant debate over the economy.
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The north wanted high tariffs to protect
American industry from foreign competition.
The south favored low tariffs to promote trade
and to keep the cost of imported manufactured
goods low.
 When the south seceded, the north passed the
Morrill Tariff. What is this tariff?
 What kinds of problems would this tariff
cause?
Telephone
 Invented by Alexander Graham Bell
 “Come here, Watson, I want you.”
 He organized the Bell Telephone Company
which later became the American Telephone
and Telegraph Company (AT&T).
Thomas Alva Edison
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Inventor whose lab was at Menlo Park, NJ.
1877 – Invented the phonograph.
1879 – Invented the lightbulb & electric generator.
Also invented or improved the battery, the
dictaphone, the mimeograph, and the motion
picture.
 In 1889 Edison’s companies merged to form Edison
General Electric Company, today known as GE.