6.4 Flashcards
New Products of Second Industrial Revolution
- steel
- chemicals
- electricity
Steel
- new methods of rolling and shaping steel –> more steel produced than iron
- this was one product that Britain no longer produced the most
Chemicals
Britain fell behind in this industry as well (producing alkalies, new organic chemical compounds)
Electricity
- importance —> converted into other forms of energy
- importance–> move over wires
- electricity found—> generators —> single power distribution system for houses, shops etc… (plants)
Thomas Edison
-invented light bulb
Alexander Graham Bell
-invented telephone
Guglielmo Marconi
-sent first radio waves across Atlantic
Effects of electricity
- inventions
- electricity first used for lightning –> now for transportation (subway, streetcars)
- factories –> machines powered by electricity and located anywhere
- 1st IR: coal is major source of energy –> 2nd IR: electricity –> cities that originally fell behind if they didn’t have coal, DID NOT!
The Internal Combustion Engine
- first one–> couldn’t be used as a widespread source of power
- liquid fuels (petroleum) developed –> oil-fired engine
Effects of Internal combustion Engine on the Automobile
- light engine (daimler) invented –> automobile
- americans took the lead in production
- Henry Ford
Effects of Internal combustion Engine on the airplane
-zeppelin started it –> wright brothers (gasoline engine)
Daimler
-invented light engine
Henry Ford
-an AMERICAN who led the production of automobiles with his Model T
Wright Brothers
-made first flight in a plane powered by A GASOLINE ENGINE
New Markets in the Second Industrialization Revolution
- foreign markets have a lot of competition –> go to domestic markets
- population increase after 1870–> rise in national incomes
- lower transportation costs –> price of food and goods go down —> able to spend more on products
- steel and electricity industries –> make production easier –> produce more products to sell –> mass marketing
Mass Marketing
-steel and electricity industries –> make production easier –> produce more products to sell –> mass marketing
Tariffs in the Second INdustrial Revolution
- reaction to new markets
- importance of domestic markets and competition for foreign market –> tariffs which guarantee domestic markets be the only market
Cartels
- reaction to new markets
- companies worked together to control prices –> no longer have reduced prices because of competitions
- popular in GERMANY
Larger Factories
- reaction from cartels
- growing factories –> pressure for great efficiency in factory production
- solution was mechanization of transport within plants (electric cranes ) and interchangeable parts
- interchangeable parts led to assembly line for production
New Patterns in an Industrial Economy
great depression
- german industrial leadership
- need for scientific and technological education
- european economic zones
- new patterns for European agriculture
- spread of industrialization (russia and japan)
- a world economy
Great Depression from 1873-1895
-prices fell and slumps in the business cycle reduced profits