HIST 2057 : HISTORY 1ST EXAM
Document Summary
Acceleration, options of basic things that are happening. Rise of big business: causes of industrialization and its characteristics. This is probably the most important chapter in world economic. Transforms america from rural society to urban industrial history( industrial revolution in great britain) america"s society , become the world"s biggest industrial power by mid everywhere new york, chicago, boston populations triple. Dimensions ( railroad big part of industrialization) cities spring up. The abolition of slavery, slaves now have money to buy- Natural resources- coal* (the saudi arabia of coal), Capital foreign trade, becomes the leading trading it burns better, makes lantern) become the world"s leading. Transportation system- bridges, rail roads, all weather producer of petroleum in early 20th century. Rockefeller, carnegie- railroads, steel, morgan- financial) more in book of free market ( not totally free market) laissez- faire. Entrepreneurs- crucial to the rise of big business ( Labor: organized labor and the new industrial ( unions, reasons for success or failure)
