Industrialization

Operating Costs
      -Fixed Costs

Railroads

Invention or Innovation
      -Bessemer Process

Natural Resources

Labor Supply
      -New Immigrants

Intellectual Backing
      -John D. Rockefeller

Proper Distribution of Income and Wealth
      -Corporations
      -Concentration of Wealth

Government Policy
      -Laissez Faire
      -Morrill Tariff (1861)
           -Protection
      -Incorporation
          -Santa Clara Co. v. Southern Pacific RR (1883)
      -National banking Acts (1862, 1863, 1864)
      -Direct Subsidies
           -Railroad Land Grants
      -Homestead Act (1862)
      -Pro-Business Tax Policies

      RRs, 1870-1890
 

    Natural Resources
 

     RR Land Grants

Hoomesteading