Hi, I'm John Green. This is Crash Course US History and today we're going to discuss economics. How a generation obscure, and Mr. Green is this gonna be one of those boring ones with no wars or generals who had cool last words or anything? All right, me from the past, I will give you a smidge of great man history, but only a smidge. So today we're gonna discuss American industrialization in the decades after the Civil War, during which time the U.S. went from having per capita about a third of Great Britain's industrial output to becoming the richest and most industrialized nation on earth. Yeah, you might want to hold off on that Libertagia stand because this happened mostly thanks to the not particularly awesome Civil War which improved the finance system by forcing the introduction of a national currency and spurred industrialization by giving massive contracts to arms and clothing manufacturers. The Civil War also boosted the Telegraph, which improved communication and gave birth to the Transcontinental railway via the Pacific Railway Act of 1862, all of which increased efficiency and productivity. So thanks, Civil War. If you want to explain America's economic growth in a nutshell, chalk it up to GD and L. Gerard Depardieu and Lohan? No, geography, demography, and law. However, while we're on the topic, when was your our Depardieu and mins you go and have a baby stand? Can I see it? Yes, yes, geographically the US was a huge country with all the resources necessary for an industrial boom. Like, we had coal and iron and later oil. Initially, we had water to power our factories, later replaced by coal. And we had amber waves of grain to feed our growing population, which leads to the demography. America's population grew from 40 million...
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