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Industrialization and Westward Expansion
The Gilded Age Industrialization and Westward Expansion
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Title: Trend: Think: I can infer this trend exists because…
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Title: Trend: Think: I can infer this trend exists because…
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Free-Enterprise System $$$$
*Private Business *Entrepreneurship *Little gov. intervention *Supply and demand *Competition Laissez-Faire Capitalism *Gov. “hands off” economy (free market)
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Corporations, Stocks, and Shareholders
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Industrialization *Factories *More efficient *Assembly-Lines *Mass-Production *Unskilled Labor *Economic Growth *Rural Urban
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Urbanization *The growth of cities
*Industrialization= higher standard of living and jobs *Influx of immigration *Higher birthrates * U.S. population tripled (23 million to 76 million)
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New Technology 1. Bessemer Steel Process- production of steel more economical 2. Railroads- Transcontinental Railroad connected East to West= open new markets
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New Technology (Commercial Electricity)
3. Light Bulb- Thomas Edison (1879); factories could extend working hours 4. Telephone- Alexander Graham Bell (1876); instantaneous long-distance communication
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Westward Expansion (Closing the Frontier)
*Great Plains (dry-farming) *Homestead Act (federal land grants) *Railroads *Farm, Ranch, Mine *Barbed Wire Fences *“Indian Wars”
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How did industrialization transform late 19th century (1800s) America?
Big Question #1 How did industrialization transform late 19th century (1800s) America?
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Free-Enterprise System and Laissez-Faire Capitalism
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ACES Writing Are the Free-Enterprise System and Laissez-Faire Capitalism a positive or negative economic policies?
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