American Industrialization History Unveils Blueprint for China's Economic Strategy in 21st Century
The article reviews the history of American industrialization, which is important for developing countries to modernize. America had the largest industrial system and followed a typical path of industrialization. The author divided American industrialization into three phases based on changes in industry and income per person: light industrialization, heavy industrialization, and technology-focused industrialization. This study helps outline how America became a major economic power.