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25.3 Industrialization Spreads

25.3 Industrialization Spreads. The Industrialization that begins in Great Britain spreads to other parts of the world. Industrial Development in the United States. U.S. has natural and labor resources needed to industrialize

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25.3 Industrialization Spreads

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  1. 25.3 Industrialization Spreads The Industrialization that begins in Great Britain spreads to other parts of the world.

  2. Industrial Development in the United States • U.S. has natural and labor resources needed to industrialize • Samuel Slater, English textile worker, builds textile mill in the U.S. • Lowell, Massachusetts is a mechanized textile center by 1820 • Manufacturing towns spring up around factories across the country • Young single women flock to factory towns, work in textile mills • Clothing and shoemaking industries soon mechanize

  3. Industrial Development in the United States • The Rise of Corporations • Stock—limited ownership rights for company, sold to raise money • Corporation—company owned by stockholders, share profits not debts • Large corporations attempt to control as much business as they can

  4. The Impact of Industrialization • Rise of Global Inequality • Wealth gap widens; non-industrialized countries fall further behind • European nations, U.S., Japan exploit colonies for recourses • Imperialism spreads due to need for raw materials, markets

  5. The Impact of Industrialization • Transformation of Society • Europe and U.S. gain economic power • African and Asian economies lag, based on agriculture, crafts • Rise of middle class strengthens democracy, calls for social reform

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