The old economy became more . By the end of this lesson, you will be able to: • Describe the reasons the US became more after the Civil War. • Identify the effects of the growth of America’s railroads on and . • Explain the changes that resulted from industrialization. Warm-Up Lesson Objectives A New Revolution The Economy Shifts Mass Production The system of in which rapidly produce amounts of a product • Decreased need for workers • Began in the industry © Edgenuity, Inc. 2 Warm-Up workers became increasingly important. declined. Costs of making goods . Goods could be farther. The result was economic . A New Revolution Lower Cost + More Production = Economic Growth Words to Know Fill in this table as you work through the lesson. You may also use the glossary to help you. the system of manufacturing in which machines rapidly produce large amounts of a product a method of making steel that appeared in the mid-1800s a large business that is subject to certain laws W 2K © Edgenuity, Inc. 3 Causes of the Second Industrial Revolution • Development of new • New models • Expansion of Instruction A New Revolution Lesson Question Why did the US shift to an industrial economy, and what impact did this have on society? ? 2 Slide A Timeline of Two Industrial Revolutions 4 © Edgenuity, Inc. 4 Today, we communicate on small, pocket-sized phones and can use those phones to access the to gain access to a wealth of information. The revolution’s technology has affected nearly every industry and most people in the United States and throughout the world. New Technologies 4 Slide Instruction Technology Today REAL-WORLD CONNECTION 5 • – Method of steel production • New • • New technology A New Revolution © Edgenuity, Inc. 5 and industry grew in importance. • Corporations sold to investors • Companies grew larger • More office and positions were created • grew 6 Slide New Business Models Instruction Businesses formed . • Owners not personally if a company goes bankrupt • Ownership determined by the sale of • Complex organizations that had leaders 7 A New Revolution 140,433 companies created: + $1.8 billion worth of products 207,514 companies created: + $11.4 billion worth of products Banking and Finance © Edgenuity, Inc. 6 8 Slide J. P. Morgan (1837–1913) Instruction Railroads Link the Nation • The Railroad was completed in 1869. • People could travel from New York to San Francisco in . • Goods could be shipped and . • The price of goods , increasing the size of . • Powerful corporate and • Arranged huge corporate • Used his wealth to help shore up the system and spur the US economy during economic times 12 A New Revolution © Edgenuity, Inc. 7 Slide 13 Railroad Mileage Increases Instruction 14 Raw Materials to Finished Products A New Revolution 1850 1860 1870 1880 1890 2,507 3,660 4,494 5,982 6,831 3,202 6,705 10,964 15,872 21,536 2,036 8,838 11,192 14,778 29,209 1,276 11,400 24,587 52,589 62,394 23 1,677 4,080 9,804 9,021 30,626 52,914 93,301 129,774 Raw materials shipped to factory Raw materials turned into manufactured goods Goods shipped to markets throughout the United States © Edgenuity, Inc. 8 Slide 14 The Impact of Railway Expansion • Railroads enticed people . • White settlers forced off their lands. • and increased in the West. • Significant effects resulted. Instruction Economic Growth During the , the economy grew faster than at any time in US history. From 1880 to 1900: • the production of and increased more than 800% • the value of increased to over $13 billion a year • the US passed to become the world’s largest producer 17 A New Revolution © Edgenuity, Inc. 9 million people immigrated to the United States between 1870 and 1916. • Came for jobs in • Settled in Slide 17 A Growing Population At the end of the Civil War, the population of the United States was . By 1900, the population was more than . Instruction 18 Immigration A New Revolution © Edgenuity, Inc. 10 • People moved from areas to ones during the Gilded Age. • Many , , and were located in urban centers. • New technologies helped cities to grow. Slide 19 Urbanization Instruction A New Revolution © Edgenuity, Inc. 11 Summary Lesson Question ? Answer Why did the US shift to an industrial economy, and what impact did this have on society? A New Revolution © Edgenuity, Inc. 12 Railroad growth had many other effects, including: • increased availability of and reduced costs for and • increased settlement in the , impacting • increased damage • Development of new • New business models, such as the • Increased availability of and • Increased mileage Review: Factors that Led to Industrialization 2 Slide Review: Railroads Summary A New Revolution © Edgenuity, Inc. 13 Review: Other Effects of Industrialization 2 Slide • growth • growth • Increased • Increased Summary A New Revolution Use this space to write any questions or thoughts about this lesson.