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U.S. changed from an agricultural (farming) economy to an industrial economy.

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Presentation on theme: "U.S. changed from an agricultural (farming) economy to an industrial economy."— Presentation transcript:

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2 U.S. changed from an agricultural (farming) economy to an industrial economy.

3 1)Land: not just the land, but also all of its natural resources W hat are some natural resources?

4 natural resources

5 2) Labor: large numbers of workers were needed

6 3) Capital: buildings, machinery, tools, and money,

7 Needed money to expand. corporations raised capital by selling stocks.

8 Shareholders became partial owners. Could earn dividends. Could also sell stock on the stock market.

9 John D. Rockefeller http://attitudes4innovation.com/john-d- rockefellers-7-greatest-success-quotes/

10 Some quotes: “If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.” http://attitudes4innovation.com/john-d- rockefellers-7-greatest-success-quotes/

11 What do you think this means? http://attitudes4innovation.com/john-d- rockefellers-7-greatest-success-quotes/


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