Industry Comes of Age Part 1.

Slides:

Advertisements

Similar presentations

American Industrial Growth and Westward expansion

Advertisements

LT: I will be able to identify entrepreneurs during the Industrial Era and show knowledge of how a market economy works. BW: List 3 New inventions or industries.

SSUSH11: Describe the economic, social and geographic impact of the growth of big business and technological innovations after Reconstruction.

SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction.

US History Mrs. McClary.  1870’s US spans from Atlantic to Pacific.  Pacific Railway Act (1862) linked railroads to form the Transcontinental Railroad.

The Gilded Age Gilded Age Themes Industrialization Urbanization Unions and Reform Movements The Closing of the Frontier Gilded Age Politics.

Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900?

THE RISE OF INDUSTRIAL AMERICA. BUILDING RAILROADS Railroad building was so expensive that the government had to provide subsidies Land grants were made.

The Rise of Industry Overview Perfect Storm – cheap labor, resources, capital, tech RR’s & new tech spur increase in steel production The dominance of.

Definition of Gilded AgeDefinition of Gilded Age.

The Rise of Big Business. Henry Bessemer Created a cheap and efficient process for making steel.

Industrialization Conditions for rapid industrialization –abundance of cheap natural resources –large pool of labor –government support without interference.

Objectives 4.04 – Describe innovations in agricultural technology and business practices and assess their impact on the West – Explain how businesses.

INDUSTRIALISTS Captains of Industry and Robber Barons.

Bell Ringer – 9/13 Of the following inventions which do you consider the most important and why: typewriter, phonograph, telegraph, telephone.

SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction.

Industrialization 1850’s Inventions that lead to Industrialization Thomas Edison & Menlo Park Thomas Edison & Menlo Park Light bulb, Phonograph,

The Second Industrial Revolution Mid1850’s to the early 1900’s.

Industrial World Leader -by 1880, U.S. is world’s leading producer of goods -reasons why???? 1. unlimited labor force 2. abundant coal supply 3. iron mining.

Source - Ms. Susan M. Pojer. Essential Questions 1. Industrialization increased the standard of living and the opportunities of most Americans, but at.

EXPANSION OF INDUSTRY Chapter 6. Fuel industrialization OIL— 1859 Edwin drake successfully drills for oil in Pennsylvania  Starts Oil Boom  Popularity.

Industry Comes of Age By David Brooks Logan County High School.

Industry and Business Late 19 th Century US History.

Essential Question Industrialization increased the standard of living and the opportunities of most Americans, but at what cost?

The American Industrial Revolution Why? A wealth of natural resources Growing population (labor and markets) Technological innovation Government support.

Thomas Edison (the “Wizard of Menlo Park”) was the greatest inventor of the 1800s In his New York research lab, he invented the 1 st phonograph, audio.

U.S. History Chapter 6 Edwin L. Drake First to successfully use a steam engine to drill for oil.

SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction.

Objective: Students will understand the role that industry played in the United States during the Gilded Age.

Causes of Rapid Industrialization 1.Steam Revolution of the 1830s-1850s. 2.The Railroad fueled the growing US economy:  First big business in the US.

Trusts and Monopolies Objective: The student will explain the impact of the railroads on other industries, such as steel, and on the organization of big.

Big Business and Innovation

Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900? Warm-Up Question: Examine the image on the next.

Robber Barons or Captains of Industry?

The United States after the Civil War

Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900? Warm-Up Question: Examine the image on the next.

Technology & Business: Advancement and Setback

Experienced an industrial revolution, mass immigration, & urbanization

The Growth of American Industry

Chapter 24, Industry Comes of Age

Industrialization in the Late 1800s

Industrialization.

Topic: Assessing the impact of Corporate Consolidation of American Industry and Technology Do Now: “Industrialists like Carnegie, Vanderbilt, and Rockefeller.

Age of Big Business Chapter 14 Section 3.

Technology and Industrial Growth

Industrial World Leader

By: Ms. Susan M. Pojer Horace Greeley HS Chappaqua, NY

Railroads: Precursor of the Industrial Revolution

Industrial Age- from the US transforms from an agricultural nation to the largest manufacturing nation in the world Think- Why do you feel the.

Machine Age/Gilded Age

Essential Question: What factors led to the rise of the second American Industrial Revolution from 1870 to 1900? CPUSH Agenda for Unit 7.2: Gilded Age.

Industry Comes of Age Ch 24 Review lecture.

SSUSH11: Describe the economic, social and geographic impact of the growth of big business and technological innovations after Reconstruction.

Rise of American Industrial Might

The Incorporation of America

The Triumph of Industry

Activator: Document A Source

SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction.

Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900? CPUSH Agenda for Unit 7.2: Gilded Age and Big.

Chapter 24 Industry Comes of Age.

Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900?

The Robber Barons or Captains of Industry?

Business owned by investors who buy shares of stock.

The Rise Of Industry.

Industrialization US History Objectives: **Discuss the rise of the

The Industrial Revolution

Importance of railroad

AGENDA Recap CCOT (continuity and change over time) short answer questions Robber barons or captains of industry??

Chapter 24 Industry comes of Age

Presentation transcript:

Industry Comes of Age Part 1

Transcontinental Railroad Finished in 1869 @ Promontory Point Union Pacific – Omaha, NE Central Pacific – California Govt. subsidized/huge land grants

Effects of Railroads Trade with Asia Domestic Market Immigration Connect nation by rail and telegraph Eventual closure of the frontier More than any factor spurred the Industrial Revolution

Improvements Steel: Cornelius Vanderbilt Standard Gauge Time Zones (1883) Bessemer Process Lowered price of steel and made it easier to make

Corruption- “Robber Barons” “stock watering” – inflating value of company originally applied to cattle Bribery “Pools” – agree on a high rate between competing companies to make profit. Jay Gould, Robber Baron

Government Intervention Wabash v. Illinois (1886) Individual states couldn’t regulate interstate commerce Interstate Commerce Act (1887) No pools or rebates Publish rates openly Interstate Commerce Commission (ICC) Enforced legislation

Inventions Alexander Graham Bell – telephone (1876) Thomas Edison – light bulb (1879) Phonograph, motion picture machine “Wizard of Menlo Park”

BIG 3- TRUST TITANS Andrew Carnegie J.P. Morgan John D. Rockefeller

Carnegie and Morgan Steel Carnegie business tactic “vertical integration”-control all aspects of production Morgan bought Carnegie out for $400 million United States Steel 1901 First billion dollar corporation

Rockefeller Standard Oil Company 95% of all oil refineries in U.S. Eliminated competition Horizontal integration-buy up all competitors

Vertical vs. Horizontal Integration Carnegie (steel) Owning all steps of a process Horizontal Rockefeller (Oil) Owning all parts of one step of a process