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Chapter 4: The Triumph of Industry Flashcards | Quizlet

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Start studying Chapter 4: The Triumph of Industry. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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Achievements in Industry

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Video

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Youtube Series

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Worksheet

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Worksheet

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Nerdfighteria

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If you want to explain America's economic growth in a nutshell, chalk it up to GD and L, Gerard Depardieu and Lohan. No, geography, demography and law. However, while we're on the topic, when was Gerard Depardieu and Lindsay Lohan have a baby? Stan, can I see it? Yes! YES!

Geographically, the U.S. was a huge country with all the resources necessary for an industrial boom. Like, we had coal and iron and later oil. Initially, we had water to power our factories, later replaced by coal, and we had amber waves of grain to feed our growing population, which leads to the demography.

America's population grew from 40 million in 1870 to 76 million in 1900, and a third of that growth was due to immigration, which is good for economies. Many of these immigrants flooded the burgeoning cities as America shifted from being an agrarian, rural nation to being an industrial, urban one.

Like, New York City became the center of commerce and finance, and by 1898, it had a population of 3.4 million people, and the industrial heartland was in the Great Lakes region. Chicago became the second largest city by 1900, Cleveland became a leader in oil refining, and Pittsburgh was the center of iron and steel production. And even today, the great city of Pittsburgh still employs 53 Steelers.

Last but not least was the law. The Constitution and its Commerce Clause made the U.S. a single area of commerce, like a giant customs union, and as we'll see in a bit, the Supreme Court interpreted the laws in a very business-friendly way.

Also, the American Constitution protects patents, which encourages invention and innovation, or at least it used to. Despite what Ayn Rand would tell you, the American government played a role in American economic growth by putting up high tariffs, especially on steel, giving massive land grants to railroads, and by putting Native Americans on reservations.

Also, foreigners played an important role. They invested their capital and involved Americans in their economic scandals, like the one that led to a depression in 1893. The U.S. was, at the time, seen by Europeans as a developing economy, and investments in America offered much higher returns than those available in Europe.

And the changes we're talking about here were massive: in 1880, for the first time, a majority of the workforce worked in non-farming jobs. By 1890, two-thirds of Americans worked for wages, rather than farming or owning their own businesses, and by 1913, the United States produced one-third of the world's total industrial output. Now bring out the Libertage, Stan! Awesome! And even better, we now get to talk about perennially underrated railroads. Let's go to the thought bubble.

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Nerdfighteria Wiki - The Industrial Economy: Crash Course US History #23

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If you want to explain America's economic growth in a nutshell, chalk it up to GD and L, Gerard Depardieu and Lohan. No, geography, demography and law. However, while we're on the topic, when was Gerard Depardieu and Lindsay Lohan have a baby? Stan, can I see it? Yes! YES!

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A short Clip

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Quoting Roger Ebert: "If man sends another Voyager to the distant stars and it can carry only one film on board, that film might be "Baraka." It uses no language, so needs no translation. It speaks in magnificent images, natural sounds, and music both composed and discovered.