The Growth of Industry

1. The Growth of Industry Chris Anderson Randolph-Henry H. S.

2. 1789: Samuel Slater smuggled British industrial secrets to the U. S. • He brought the Industrial Revolution to the United States • Great Britain wanted to keep its industrial knowledge secret (WHY????) • Was GB successful in keeping its knowledge secret????

3. Samuel Slater

4. Spread of Industry • GB realized they could not keep their knowledge secret • GB decided it could make $ by spreading the Industrial Revolution • 1800s: GB started selling machines to other nations

5. 1.) France: • Industrialization=slow • WHY slow???????????? • Slowly, railroads developed in France

6. 2.) Germany: • Early 1800s: buying machines from GB • Created factories • 1839: created a Rail Road with British $ • Major industries: ________________ & ______________

7. 3.) United States: • Industry develops in the _________________ • Used lots of British $ • Major industries: ____________________ & __________________ • 1870s: U. S. just as industrialized as GB • Why by the 1870s?????

8. Growth of Big Business • As industry spread, capitalism grew • Capitalism:___________________________________________________________________________________________________________________________________________ • Industrial capitalism: ___________________ ______________________________________________________________________________

9. To increase profit, replace humans with machines • Leads to Mass production

10. Eli Whitney • Cotton gin guy • Interchangeable parts (What is it????) • What machine did he use to illustrate interchangeable parts???????

11. Whitney’s interchangeable parts with the gun

12. Frederick Taylor • Idea of Division of Labor—dividing up tasks into a step-by-step procedure • Idea leads to the _______________________

13. Henry Ford • Used the assembly line to produce • _____________________________________ • _____________________________________ • Made these items much cheaper

14. Ford Model T

15. Early Ford Tractor

16. Business World • As mass production grew, industry leader tried to manage the business world • Partnerships—2 or more people combine resources • Corporations—owned by stockholders • The value of shares increase or decrease based on the profit earning of the company

17. Business Cycle • Industries became dependent on each other • Can you give some examples of industries who depend on each other?????? • Nation’s entire economies could rest on the business cycle—alternating periods of expansion and decline

18. 1.) Expansion (Boom) • Buying, selling, production, and employment • 2.) Decline (Bust) • Depression—lowest point of the business cycle • Bank failures, unemployment, suffering

19. Draw Graph of the Business Cycle

20. Inventors • 1.) Samuel Morse: • American inventor • Created the ______________________ and ____________________

21. Samuel Morse and the telegraph

22. 2.) Gulielmo Marconi: • Italian • Wireless telegraph (_________________)

23. Marconi and his Radio

24. 3.) Alexander Graham Bell: • Teacher of the deaf • Created the ________________________

25. Bell and his telephone

26. Bell with some of his deaf students

27. 4.) Michael Faraday: • British chemist • Discovered that by moving a magnet through coiled wire produced an electric current • Leads to the idea of the electric motor

28. Michael Faraday

29. 5.) Thomas Edison: • Invented the Phonograph—records sound • Invented the light bulb

30. 6.) Gottlieb Daimler: • German engineer • Created the internal combustion engine to run off of gasoline

31. 7.) Rudolph Diesel: • German engineer • Created on oil burning internal combustion engine

32. 8.) Ferdinand von Zeppelin: • Streamlined the dirigible (blimp)

33. 9.) Wright Brothers: • Created the first powered flying machine