1. 25.3-Spread of Industrialization and Growing Inequality
Student Objectives
Describe the birth of big businesses during the Industrial Age
Analyze how the lives of rich differed from those of the poor during the Industrial Revolution
Identify the effects of industrialization on the rest of the world.

2. Big Businesses & Corporations
IR Spread to US
Huge companies emerged
Required lots of money to operate
To raise money-sold stocks to ordinary people
Birth of corporations
Many corporations secured monopolies
Control own industry by themselves
No competition
Often very unfair
Increase in inequality
Workers paid low wages
Rich made fortunes through innovations and monopolies of IR
What is a stock? Do you or your parents own stocks? Why is owning stocks often a good investment for ordinary people as well as businesses and corporations?
What is a monopoly? Why are monopolies often unfair and what are dangers of them? How do you observe competition as a consumer in the United States?

3. IR Spreads in Europe Belgium Germany
Iron & Coal & Waterways
Inventions & Machines borrowed from Britain
Germany
“Pockets” on industry
Copied British model
Railroads to connect Industrial cities
Industrial strength led to military strength
France-industrialization but still strong agricultural economy
Some did not industrialize
Social structure, resources, geographical issues, etc.
How important was it for countries that industrialized to borrow/copy from Britain?
What are some reasons why some countries industrialized faster/better than others?

4. Effects of Industrialization
Rise of inequality
Industrialized countries became very rich
Nonindustrialized countries sold raw materials to industrialized countries (poor)
Use of colonies (imperialism)
Transformation of Society
“Product” revolutions across board
Original issues with workers
Would soon be solved by laws and reforms
1. Consider what we have discussed thus far, what are some examples of “product” revolutions?