Industrialization: |
THe Steel Industry |
As an example of the boom of industry after the Civil War, from 1875 to 1920, the Americans saw the world's greatest increase in steel production, making the United States the obvious world leader. The annual growth rate reached 7%; a percent higher than Germany's. There were several different steel companies that contributed to these stats, one of which was the Carnegie Steel Company. His company focused on the mass production of steel rails for railroad lines. Elements that made production so easy was the availability of man power, coal, and iron ore. American land, especially at that time, was rich in all three of those things. According to the graph to the right, the greatest increase in production was from 1895 to 1900. If you could imagine, the increase would grow to 60 million tons annually by 1920.
"History of the Steel Industry." Wikipedia. Wikimedia Foundation, 21 Aug. 2014. Web. 6 Nov. 2014. |