Expansion of Industry
Technology Transcontinental Railroad East and West meet Promontory Point, Utah Solved East/West transportation issues
Communication Telegraph Telephone
Bessemer Process Made it cheaper to remove impurities from iron Made mass production of steel possible
Electricity Edison invented the light bulb Westinghouse develops the alternating current (AC)
Brooklyn Bridge Suspension design used Longest in the world
Robber Baron Social Darwinism Based on Darwin’s “survival of the fittest” concept Society should not get involved in an individual’s drive to be successful
Powerful Industrialists Andrew Carnegie – Steel J.D. Rockefeller – Oil J.P. Morgan – Banking Cornelius Vanderbilt – Railroads Thomas Edison – Inventions (incandescent light bulb)
Robber Barons sought to eliminate the competition and create MONOPOLIES
The Sherman Anti-Trust Act Passed in Congress, 1890 Prevented industries from forming monopolies
Effects of Industrial Growth Contributed to the wealth of America Caused economic hardships Manufactured too much Lowered prices Lowered wages Fired workers “Boom and Bust” period called the “economic cycle”
Labor Unions Knights of Labor – First labor union American Federation of Labor Founded by Samuel Gompers Used collective bargaining Tool used by unions Negotiate as a group for improvements Fought for “closed shops”… union members only
Strikes Haymarket Strike/Riot Pullman Strike Riot broke out between strikers and police Dozens from each side killed Pullman Strike Rail worker’s strike spread Other unions joined Mail workers joined and the mail stopped The President had to intervene
Eugene V. Debs Socialist Great organizer of labor Unsuccessfully ran for President several times