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Lecture 3 American Economy

Lecture 3 American Economy. I. Industrial Revolution (18 th century )( 工业革命 ） New developments in America 1. The introduction of the factory system Samuel Slater (Englishman ) a cotton textile mill ( 棉纺厂 ) in Rhode Island

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Lecture 3 American Economy

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  1. Lecture 3 American Economy I. Industrial Revolution (18th century )(工业革命） • New developments in America 1. The introduction of the factory system Samuel Slater (Englishman ) a cotton textile mill (棉纺厂) in Rhode Island America : manufacturing center/ cotton producer

  2. Lecture 3 American Economy 2. The “American system” of mass production （大规模生产） • started from firearms 军火 • Eli Whitney : invented the cotton gin 扎棉机 began making guns with machines • Henry Ford(automaker) introduced the “moving assembly” line 1913 流水线

  3. Lecture 3 American Economy 3. The application of mew technology into industrial tasks new inventions: steam engine … P69 4. The emergency of new forms of business organizations( banks, corporation) • High technology P 71 • Service industry

  4. Lecture 3 American Economy II. Free Enterprises (自由经济） 1.capital (资本）P71—72 2.stock trading (股票交易) 3. Problems in the 19th century

  5. Lecture 3 American Economy III. The roots of affluence ( 富裕的根源)P 73 IV American Agriculture 1. Its role 2. Agribusiness 农业产业 3. Adopting new technology—one of the strengths of American agriculture 4. Farmer/ farmer owner/ tenant 佃农/ migrant workers 流动工人 5. Damage to the environment

  6. Lecture 3 American Economy Summary Question:What do you know about American economy?

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