The Growth of Industry

Chris AndersonRandolph-Henry H. S.

• 1789: Samuel Slater smuggled British industrial secrets to the U. S.

• He brought the Industrial Revolution to the United States

• Great Britain wanted to keep its industrial knowledge secret (WHY????)

• Was GB successful in keeping its knowledge secret????

Samuel Slater

Spread of Industry

• GB realized they could not keep their knowledge secret

• GB decided it could make $ by spreading the Industrial Revolution

• 1800s: GB started selling machines to other nations

• 1.) France:• Industrialization=slow• WHY slow????????????• Slowly, railroads developed in France

• 2.) Germany:• Early 1800s: buying machines from GB• Created factories• 1839: created a Rail Road with British $• Major industries: ________________ &

______________

• 3.) United States:• Industry develops in the _________________• Used lots of British $• Major industries: ____________________ &

__________________• 1870s: U. S. just as industrialized as GB• Why by the 1870s?????

Growth of Big Business

• As industry spread, capitalism grew• Capitalism:____________________________

_______________________________________________________________________________________________________________

• Industrial capitalism: _________________________________________________________________________________________________

• To increase profit, replace humans with machines

• Leads to Mass production

Eli Whitney

• Cotton gin guy• Interchangeable parts (What is it????)• What machine did he use to illustrate

interchangeable parts???????

Whitney’s interchangeable parts with the gun

Frederick Taylor

• Idea of Division of Labor—dividing up tasks into a step-by-step procedure

• Idea leads to the _______________________

Henry Ford

• Used the assembly line to produce– _____________________________________– _____________________________________

• Made these items much cheaper

Ford Model T

Early Ford Tractor

Business World

• As mass production grew, industry leader tried to manage the business world

• Partnerships—2 or more people combine resources

• Corporations—owned by stockholders– The value of shares increase or decrease based on

the profit earning of the company

Business Cycle

• Industries became dependent on each other• Can you give some examples of industries

who depend on each other??????• Nation’s entire economies could rest on the

business cycle—alternating periods of expansion and decline

• 1.) Expansion (Boom)• Buying, selling, production, and employment

• 2.) Decline (Bust)• Depression—lowest point of the business

cycle• Bank failures, unemployment, suffering

Draw Graph of the Business Cycle

Inventors

• 1.) Samuel Morse:• American inventor• Created the ______________________ and

____________________

Samuel Morse and the telegraph

• 2.) Gulielmo Marconi:• Italian• Wireless telegraph (_________________)

Marconi and his Radio

• 3.) Alexander Graham Bell:• Teacher of the deaf• Created the ________________________

Bell and his telephone

Bell with some of his deaf students

• 4.) Michael Faraday:• British chemist• Discovered that by moving a magnet through

coiled wire produced an electric current• Leads to the idea of the electric motor

Michael Faraday

• 5.) Thomas Edison: • Invented the Phonograph—records sound• Invented the light bulb

• 6.) Gottlieb Daimler:• German engineer• Created the internal combustion engine to run

off of gasoline

• 7.) Rudolph Diesel:• German engineer• Created on oil burning internal combustion

engine

• 8.) Ferdinand von Zeppelin:• Streamlined the dirigible (blimp)

• 9.) Wright Brothers:• Created the first powered flying machine