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Objectives: ● 7.01- Assess the degree to which discoveries, innovations, and technologies, have accelerated, change. ● 7.03- Examine the causes and effects of industrialization and cite its major costs and benefits. Industrialization in the US ● Starts with textiles ● Samuel Slater ● Moses Brown ● First factory, Pawtucket Rhode Island Factory Towns ● Lowell, Mass ● Young single women ● The company owned everything Causes of America’s Boom ● LLC ● Natural resources ● Inventions ● Growing immigration ● RR’s Expansion of RR Rise of Corporations ● Corporations- owned by stockholders who share in the profits, able to raise money ● Stock-rights of ownership Titans of Industry in America Vanderbilt ● Railroads Morgan ● Banking Rockefeller ● Standard Oil Carnegie ● Carnegie Steel Company Continental Europe ● More by region than country ● Physical and political obstacles ● Belgium ● Textiles ● Germany ● Coal, RR’s Impact of Industrialization Growing gap between wealthy and poor 2. Colonies are exploited 3. Imperialism would follow 4. Transformation of society 1. Review Q’s ● What early industries mechanized in the United States? Review Q’s ● “Country girls were naturally independent, and the feeling that at this new work the few hours they had of everyday leisure were entirely their was a satisfaction to them. They preferred it to going out as hired help. It was like a young man going into business for himself. Girls had never tried that experiment before, and they liked it.” ● Lucy Lacrom ● Do you think her feelings about working in the mills are typical? Why or why not? Review Q’s ● Why do you think Britain was unable to keep industrial secrets away from other countries? Review Q’s ● What was the most significant impact of the Industrial Revolution? Support your answer.