HIST 2620 Section 008 Lecture 8 Outline of Last Lecture 1 Three Geographic zones of Development c Industrial boom in the North i 2nd Industrial Revolution ii Causes of the boom d Last notes of the New South Movement Outline of Current Lecture 2 Three Geographic zones of Development c New South Movement continued i Scale of the expansion ii Causes of the boom iii Leading industries Current Lecture I Industrial Boom in the North a Scale of the expansion i People in urban areas experienced the highest levels of impact ii Fastest growth in history b Causes of the boom i Civil War 1 War materials are needed to be supplied suddenly caused factories to expand quickly 2 Created new millionaire huge pool of capital after the war they used it to build factories and hire workers ii Federal Government 1 Began subsidizing big business 2 Kept its hands off the economy weren t trying to manipulate or regulate economy laissez faire let do hands off approach iii Natural resources 1 Coal 2 Timber 3 Cotton 4 Tabacco 5 Iron centralized in Alabama Pittsburg iv Ample labor These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute 1 Lots of labor low wages 2 Heaviest immigration levels in US history from 1870 to 1920 v Free trade within US 1 The US was one huge free trade zone a Meaning there were no regulations on what could be traded b No tariffs no quotas no taxes 2 Cattle industry allowed people to work in factories and go out to eat or buy food at grocery store c Leading industries i Steel productin 70 000 tons in 1870 to 4 2 million tons in 1890 ii Petroleum 3 2 million barrels in 1870 to 22 million barrels in 1890
View Full Document
Unlocking...