Industrialization in the Late Nineteenth Century.

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Presentation transcript:

Industrialization in the Late Nineteenth Century

Some basic questions: #1 What caused it (or at least helped it along)?

The Railroads as a Catalyst How do the railroads fuel economic expansion?

#2 HOW did the process of modern industrialization occur?

The Four “C”s

John D. Rockefeller

The Four “C”s - Competition

The Four “C”s -Competition -Cooperation

The Four “C”s -Competition -Cooperation -Consolidation (Horizontal Integration)

“Let us Prey”

The Four “C”s -Competition -Cooperation -Consolidation (Horizontal Integration) -Centralization (Vertical Integration)

#3 Why is “Big Business” something new?

#4 How did the new economy affect people?

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