What were the five reasons why the US became a great industrial nation and how?

Answer 1

1. The United States had people with capitol, or money, to spend on developing industries and businesses.
2. The U.S. had important Natural Resources such as iron, coal, and oil. These resources were needed to develop the steel, oil, and railroad industries. From these three industries, hundreds of other industries developed.
3. The U.S. had the energy sources it had to run railroads and factories. During the early days of the Industrial Revolution, steam and water power were the main types of energy used in factories. Later coal, oil, and electricity became important sources of energy.
4. The U.S. was developing a large railroad system. The railroads moved natural resources, such as coal, oil, and iron, to where they were needed.
5. New inventions helped the growth of industry. New inventions such as the telegraph and telephone made it possible to communicate over long distances.
6. The U.S. had a large population. There were plenty of people to work in factories, build railroads, and make new inventions.
7. America was based on a capitalist economy. Under capitalism and free enterprise, people own businesses and industries and keep the profits that they earn.

Answer 2

This was mostly due to the various actions of the early 1900s, more specifically the creation of the Transcontinental Railroad that allowed more effective trading in the country, the series of inventions resulting in the higher efficiency of production, such as the conveyor belt, and the burst of business within factory-based industries, such as oil refinement (John D. Rockefeller) and steel production (Andrew Carnegie, whom later became a very avid philanthropist).

These caused a massive influx of people from other countries and from rural areas to move to more urban areas, turning to the industrialization of the United States.