This provided a large workforce and a greater demand for consumer goods. (cont.) Between 18, the population of the United States almost tripled. (pages 308–309) Objective: Identify the effects of expanding population on industry. As oil production increased, so did economic expansion. In 1859 Edwin Drake drilled the first oil well near Titusville, Pennsylvania. (cont.) The demand for kerosene created the American oil industry. Petroleum could be turned into kerosene for lanterns and stoves. (cont.) Transcontinental railroads increased industrialization by bringing settlers and miners to the West and moving resources to the factories in the East. (cont.) Water, timber, coal, iron, and copper are natural resources found in the United States that led to the country’s industrial success. 2006 GNP per capita (per person) (pages 308–309) Objective: Identify the effects of expanding population on industry. Section 1-5īy 1914 the gross national product (GNP), or total value of goods and services produced by a country, was eight times greater than at the end of the Civil War. By the early 1900s, the United States had become the world’s leading industrial nation. With the end of the Civil War, American industry expanded and millions of people left their farms to work in mines and factories. Objective: Identify the effects of expanding population on industry. Section Theme Economic Factors The free enterprise system nurtured the growth of American industry. Explain the effects of technological innovations such as the telephone and telegraph on American development. Identify the effects of expanding population on industry. Getting to CaliforniaĢ Chapter Objectives Section 1: Rise of Industry
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Edwin Drake – drilled the first oil well in Pennsylvania in 1859 laissze-faire – “let people do as they choose” entrepreneurs – people who risk their own capital (money) in organizing and running a business tariff – a tax on imported goods meant to encourage people to buy products produced in their own nation Alexander Graham Bell – invented the telephone (1874) and created the Bell Telephone Company in 1877 (now known as AT&T) Thomas Edison – invented and improved on many products including the phonograph, lightbulb, battery, mimeograph, electric generator and motion picture. Gross national product (GNP) – the total value of all goods and service produced by a country in a given year.
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