INDUSTRIAL GROWTH Austin Community College工业增长奥斯汀社区学院.pptVIP

INDUSTRIAL REVOLUTION Economic Boom Railroads Finance J.P. Morgan Steel Carnegie Oil Rockefeller What factors contributed to US growth after the Civil War? Transportation Revolution: Trains, ships Communication Rev.: telegraph, phone Labor: immigrants Natural Recourses: coal, iron, oil, timber, Capital: stocks and bonds, government Culture: entrepreneurial spirit, hard work Legal protection, inventions, 1865-1914: 4% growth, 8 fold increase THE RAILROADS Trains changed pace of life for first time First big business: complex management Growth: 1865 65,000 miles; 1900 193,000 More than all o