amh2020 1.23.08 - 4) Constant Pressure of Competition...

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The transformation of the national economy (the growth of industrialization: 1870 to 1900) Why?: 1) New Technologies a. The moving assembly line b. Bessemer process (steel making) 2) New Forms of Corporate Organizations a. Trusts b. Monopolies 3) a. Jobs and money are in the city Impact: 1) Urbanization(The Growth of Cities) a. Rural to urban. 2) Railroad Expansion Characteristics of Industrialization 1) Exploitation of Cheap Labor 2) Rapid spread of Technological Innovations 3) Need for Workers (Labor Force)
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Unformatted text preview: 4) Constant Pressure of Competition (Monopolies) 5)Relentless Price Drops (cheaper goods & Prices) 6) Money Supply Shortage Compared with Productivity 7) Home Market (Capital & Labor) 8) government Laissez-Faire (Hands off towards Business) Railroads: Pioneers of Corporate Enterprises 1) Issuance of stock certificates 2) Separation of ownership from management 3) Creation of nation distribution and marketing systems 4) Promotion of new methods and technologies 5) Standardization 6) systemization...
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This note was uploaded on 04/22/2008 for the course AMH 2020 taught by Professor Michelleadams during the Spring '06 term at University of Central Florida.

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amh2020 1.23.08 - 4) Constant Pressure of Competition...

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