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What factors led to the Second Industrial Revolution?
Transcript of What factors led to the Second Industrial Revolution?
Strong Governmental Policy
Laizze-Faire capitalism allowed owners of industries to have full control of their business with no government regulation.
The government used the Laizze-faire system which many people opposed to.
this system was a result of poor working conditions and really low and unfair wages.
This policy allowed business in different industries to grow.
New Sources of Power
New sources of power such as Edison's invention of the lightbulb helped factories stay open for longer period of times.
Edison also also developed the telegraph which sent messages through a wire
Steel helped shape Americas economic power
The steel industry grew at a very fast pace and became the largest industry in the world.
Electricity provided lighting for entire cities as well as the use of any electric motors.
American Inventions & Inventors
Samuel F. B. Morse was the first successful man to bring a radical change in the speed of communication with the invention of a workable telegraph.
With the invention of the transatlantic cable by Cyrus W. Field it was possible for messages to be sent across the world.
The invention of the telephone was a huge communication invention too, made by Alexander Graham Bell
Thomas Edison (the greatest inventor) was who invented the phonograph, the incandescent lamp (lightbulb), the dynamo for generating electric power, the mimeograph machine, and the motion picture camera.
The US had huge forests and large supplies of water.
As well as vast mineral wealth including: coal, iron, cooper, silver, and gold.
Industries took advantage of having these natural resources to manufacture a variety goods to put on the market.
Midwest was the center of industry since it was cheap to get access from the Great Lakes and because or iron and coal that was around these lakes.
Abundant Labor Supply
Railroads promoted the growth of industries such as steel and coal.
Allowed the transportation of goods to be way faster, which meant that it the economy was growing.
Railroad work attracted many immigrants to come to America for "opportunities".
Railroads encouraged mass production, mass consumption and economic specialization.
Settlement house movement provided help for the poor and for immigrants
Immigrants viewed railroads as an opportunity to work
When workers would go on strike for the improvement of working conditions businessmen could easily replace them with immigrants who were eager to work even if it meant working in bad conditions and for little money.
There were six main reasons that contributed to the success of the Second Industrial Revolution in America. Natural resources helped industries while inventors created objects that would improve the life of people such as the lightbulb. The absence of government in businesses allowed industries to run their company without regulations and that only helped business men get richer while workers dealt with harsh conditions. Railroads also helped with the success by transporting goods to better the economy..