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Early 1800's Industrialization in America
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Slide 18

Eli Whitneys Gun Factory

Eli Whitneys Gun Factory

Interchangeable Parts Rifle

Slide 19

Oliver Evans

Oliver Evans

First prototype of the locomotive

First automated flour mill

Slide 20

John Deere & the Steel Plow (1837)

John Deere & the Steel Plow (1837)

Slide 21

Cyrus McCormick & the Mechanical Reaper: 1831

Cyrus McCormick & the Mechanical Reaper: 1831

Slide 22

Samuel F. B. Morse

Samuel F. B. Morse

1840 Telegraph

Slide 23

Cyrus Field & the Transatlantic Cable, 1858

Cyrus Field & the Transatlantic Cable, 1858

Slide 24

Elias Howe & Isaac Singer

Elias Howe & Isaac Singer

1840s Sewing Machine

Slide 25

They all regarded material advance as the natural fruit of American republicanism & proof of the countrys virtue and promise.

They all regarded material advance as the natural fruit of American republicanism & proof of the countrys virtue and promise.

The American Dream

A German visitor in the 1840s, Friedrich List, observed:

Anything new is quickly introduced here, including all of the latest inventions. There is no clinging to old ways. The moment an American hears the word invention, he pricks up his ears.

Slide 26

The Northern

The Northern

Industrial

"Juggernaut"

Slide 27

Boom/Bust Cycles: 1790-1860

Boom/Bust Cycles: 1790-1860

The blue line shows, for comparison, the price of a years tuition at Harvard College. In 1790 it was $24, but by 1860 had risen to $104.

Slide 28

Creating a Business-Friendly Climate

Creating a Business-Friendly Climate

Supreme Court Rulings: * Fletcher v. Peck (1810) * Dartmouth v. Woodward (1819) * McCulloch v. Maryland (1819) * Gibbons v. Ogden (1824) * Charles Rivers Bridge v. Warren Bridge (1835)

General Incorporation Law  passed in New York, 1848.

Laissez faire  BUT, govt. did much to assist capitalism!

Slide 29

Distribution of Wealth

Distribution of Wealth

During the American Revolution, 45% of all wealth in the top 10% of the population.

1845 Boston  top 4% owned over 65% of the wealth.

1860 Philadelphia  top 1% owned over 50% of the wealth.

The gap between rich and poor was widening!

Slide 30

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