Podcast
Questions and Answers
What is the definition of industrialization?
What is the definition of industrialization?
The process in which a society or country transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services.
What are 'light' industries?
What are 'light' industries?
Industries that produce small and lightweight items such as textiles, clothing, and leather goods, as well as natural resources like grain and lumber.
What technological advancements occurred after the Civil War?
What technological advancements occurred after the Civil War?
New materials like steel and electrical systems were developed, which contributed to economic growth.
What does industrial growth mean?
What does industrial growth mean?
Signup and view all the answers
How does the industrial sector grow?
How does the industrial sector grow?
Signup and view all the answers
What is the definition of stock and stockholders?
What is the definition of stock and stockholders?
Signup and view all the answers
What were working conditions like in the factories by 1900?
What were working conditions like in the factories by 1900?
Signup and view all the answers
What are sweatshops?
What are sweatshops?
Signup and view all the answers
Why did individuals accept poor working conditions?
Why did individuals accept poor working conditions?
Signup and view all the answers
What are labor unions?
What are labor unions?
Signup and view all the answers
What is collective bargaining?
What is collective bargaining?
Signup and view all the answers
Who led the Knights of Labor?
Who led the Knights of Labor?
Signup and view all the answers
What are strikes?
What are strikes?
Signup and view all the answers
Who organized the American Federation of Labor?
Who organized the American Federation of Labor?
Signup and view all the answers
What is the definition of monopolies?
What is the definition of monopolies?
Signup and view all the answers
Study Notes
Industrialization Overview
- Transformation from an agricultural to a manufacturing-based society.
- Mechanized mass production replaced individual manual labor.
- Assembly lines emerged, affecting craftspeople and production methods.
Light Industries
- Produces lightweight goods such as textiles, clothing, and leather.
- Involves the use of natural resources like grain and lumber.
Post-Civil War Technological Advancements
- Advances in technology led to the production of stronger materials like steel.
- Development of electrical systems spurred economic growth.
- Innovations such as trolley cars and telegraphs contributed to urban expansion.
- Electric lighting and improved transportation extended working hours.
Definition of Industrial Growth
- Refers to sectors of the economy that experience higher-than-average growth rates.
Growth of Industry
- Required financial investment and organizational structure for businesses and factories.
- Corporations formed, allowing collective fundraising to minimize financial risks.
- Stocks were sold to raise money and support expansive operations utilizing natural resources.
Understanding Stock and Stockholders
- Stock represents goods or inventory available for sale or distribution.
- Stockholders, or shareholders, own shares in a corporation.
Factory Working Conditions
- By 1900, 5.3 million individuals worked in factories under hazardous conditions.
- Workers typically worked 12-hour days, 6 days a week, earning $3 to $12 weekly.
- No compensation for job-related injuries; lacked benefits like vacations and sick days.
Sweatshops
- Factories employing individuals at low wages, long hours, and poor conditions, especially in clothing.
- Workers provided their own equipment and were paid by the piece produced.
- Often operated in substandard living conditions.
Workers’ Acceptance of Job Conditions
- Workers faced pressure to accept harsh conditions to avoid job loss, leading to collective action.
- Formation of labor unions emerged as a response to exploitative practices.
Labor Unions
- Organized groups of workers advocating for rights related to working conditions, wages, and benefits.
- Collective bargaining provided strength in negotiations against employers.
- Strikes were a common tactic used to compel employers to meet demands.
Collective Bargaining
- Refers to organized negotiations between employees and employers regarding wages and employment conditions.
Knights of Labor
- Led by Terence Powderly, united skilled and unskilled workers across various industries.
- Membership grew from 10,000 to 700,000 between 1880 and 1886.
- Advocated for higher wages, an eight-hour workday, and the abolition of child labor.
- Struggled with unsuccessful strikes and a major bombing incident in 1886, which diminished its influence.
Strikes
- Organized work stoppages aimed at obtaining concessions from employers.
American Federation of Labor (AFL)
- Founded by Samuel Gompers in 1886, focusing on uniting skilled workers.
- Achievements included shorter working hours and improved wages for its members.
Monopolies
- Refers to exclusive control over a market, impacting competition and pricing.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on the transition from agriculture to industrialization, focusing on technological advancements and the growth of light industries. This quiz covers key aspects of industrial growth post-Civil War and the impact on society and economy.