Main Idea: The
industrialization that began in Great Britain spread to other parts of the
world. Industrial technologies travel from Britain to America, causing an
industrial boom in the US. Industrialization also spreads to continental Europe
and contributes to the rise of imperialism.
III. Industrialization Spreads
A. United States
1. Conditions favorable to growth of
industry
2. British machinery spawns an American
textile industry: not intention
3. Rapid expansion in the late 1800s:
technological boom
a Wealth of natural resources—oil, coal,
iron
b Burst of inventions—electric light
bulb, telephone
c Large urban population
d railroads
4. Corporations: business owned by
stockholders who share in its profits but are not personally responsible for
its debts—Standard Oil, Carnegie Steel Company
B. Continental Europe
1. Delay: war and unrest—French Revolution
& Napoleonic Wars
a trade & communication interrupted;
inflation
2. Belgium: 1st
3. Germany: imported British equipment
& engineers; sent children to England to learn industrial management
a Economic strength—became an industrial
& military power
4. Expansion: spread region to region
1. Global inequality: gaps widen between
more-developed and less-developed nations
2. Industrialized countries exploit
overseas colonies for resources and markets
3. Standards of living rise in industrial
nations