MGMT 1030 Lecture Notes - Lecture 2: Cotton Gin, Franklin D. Roosevelt, Roaring Twenties
20 Jul 2016
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The first industrial revolution in america (1790s to. Eli whitney and invention of cotton gin (1793) Spurred westward migration and growth of slavery. Cotton exports accounted for more than 50% of all american exports from. 4,000 miles of turnpike roads by 1821. Mechanized factories widespread in new england by 1815. 1840s famine resulted in one million irish coming to u. s. Concentrated in urban areas of the northeast. Comprised more than half of new york and boston by 1860. Mixed populations in terms of religion, occupation and gender. 36,000 chinese-born immigrants in america in 1860. Widespread corruption in government financing of railways. Controlled 95% of american refining capacity by 1880. Standard oil trust dissolved in 1892 but reformed in 1899. Promoter and salesman who acquired a fortune in the steel industry. Bought out andrew carnegie in 1901 for million. United states steel corporation was the first billion dollar corporation. 4)the first world war and the roaring twenties .
