Chapter 16 Outline - Chapter 16 Outline The Rise of...

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Chapter 16 Outline: The Rise of Industrial America, 1865-1900 1. The United States was the leading industry power in the world manufacturing more than its leading rivals 2. Several factors contributed to the rapid growth of the US economy a. The country was a treasure-house of raw material essential to the industrialization —— coal, iron ore, copper, lead, timber, and oil b. And abundant labor supply was between 1865 and 1900 supplement yearly by the arrival of hundreds and thousands of immigrants c. A growing population and it advanced transportation network made the United States largest market in the world for industrial goods d. Capital was penta form as Europeans with surplus wealth joined well- to-do Americans in investing exconomic expansion e. The development of labor saving technologies and an effect didn’t parent system increased productively. The federal government granted more than 440,000 new parents from 1860 to 1890 f. Businesses benefited from family government policies that protected private property subsidized roads with land grants and loans supported US manufactures with protective tariffs refrained from regulating business operations with limited taxes on cooperation profits g. Talented enterprises emerge during this era who were able to build and manage vast industries and commercial enterprises The Business of Railroads 1. Dynamic combination of business leadership capital technology market labor and government support was especially evident in the development of the nationals first big business a. Railroad mileage increased more than five folds over in 35 years 2. Railroads created a market for goods that was national in the scale a. Encouraged mass production mass corruption and economic specialization 3. Resources used in Belleville building promoted the growth of other industries especially: steel and coal 4. We are roads also affected their routines of daily life a. American bear world Association divided the country into four times zones in 1883 b. Well about time became standard time for all Americans c. Creation of the modern stockholder cooperation and the development of complex structures and finance business management and the regulation of competition Eastern Truck Lines 1. Early decades of railroading the building of dozens of separate local line to add resulted in different gauges and incompatible equipment a. Reduce after the Civil War through the consolation of completing railroads into integrate truck lines 2. “Commodore” Cornelius Vanderbilt he was his millions are in from steamboat
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business to merge local Railroads into New York central well it’s in 1867 a. Operated more than 4500 miles of track Western Railroads 1. Railroad-building coincided with the settlement of the last frontier a. Promoted settelment on the Great Plains b. Linked the West with the East to create one great national market Federal Land Grants 1. Federal goverment provied railroad companies with huge subsides in the form of loans and land grants a.
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