19th Century Industrialization of America

Length: 1 Pages 371 Words

Natural resources, business management, and capital and technology all played a major role in the development of industrial America from 1865 to 1900. Many industries in the U.S. including oil, salt, sugar, tobacco, and meatpacking were highly stimulated. Competition soared and that's when these fundamentals came into play. Natural resources such as petroleum began major industry in the United States. Petroleum was turned into oil and replaced animal tallow as the major lubricant. It was also turned into kerosene to fuel for household and public lig Continue...

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Business management and technology led the way in building America's industry by making the actual industry of either mining minerals, drilling for oil, etc. Manufacturers built demand for their products and won remarkable consumer loyalty through brand names, trademarks, guarantees, slogans, endorsements, and other gimmicks. Managerial innovations of such figures as Edison, Carnegie, and Rockefeller proved readily adaptable throughout American industry, spurring marvels of productivity. Furthermore, mechanical inventions had the added advantage of arousing demand for new products. The development of a safe, practical system of generating electricity, for example, made possible an ever-growing range of electrical motors and household appliances. Other resources include immense coal deposits and steel. Along with business mergers and consolidations, the invention and patenting of new machines offered another means of driving up profits, lowering costs, and improving efficiency. America's natural resources allowed for rapid industrial growth and it was growing at a rate 13 faster than Germany and 2 times more than Great Britain. Rockefeller led the way in the oil industry and controlled 90 of the country's oil-refining capacity in 1879. After 1870 business corporations stepped up their research efforts and introduced a remarkable variety of consumer goods, thus adding to industrial development.


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