Presentation on theme: "Chapter 24-25 Preview The Economic Development of the US in the late 1800s. Industrialization Technological Innovation Rise of Big Business Labor vs. Capital."— Presentation transcript:
Chapter 24-25 Preview The Economic Development of the US in the late 1800s. Industrialization Technological Innovation Rise of Big Business Labor vs. Capital Immigration Urbanization
Industrialization What is it? Review the 3 stages 1)Work subdivided into tasks 2)Workers gathered into factories 3)Power-driven machinery used
During the 2 nd Industrial Revolution… Mass production of consumer goods (including food and drink, clothing and transport and even entertainment with the early cinema, radio and phonograph) developed at this time. Several important developments within the chemical, electrical, petroleum, and steel industries also took place.
Harnessing Electricity Edison Opens First Commercial Power Plant in 1882 Westinghouse markets alternating current which helps transport electricity more efficiently The age of the electric appliance has arrived
Steel The Bessemer process allowed iron to be transformed into steel which was lighter and stronger— an ideal building material.
Rise of Big Business Today 200 giant corporations now control over a quarter of the world’s economic activity. This trend began in the late 1800s. Since that time, the trend has been toward larger and more powerful corporations
Urbanization statistics: Between 1860 and 1910, the US urban population increased 7-fold In 1920, for the first time, a majority of Americans lived in cities. In 1860 there were 16 cities of more than 50,000. By 1900, there were 76.