Activator: Document A Source

Slides:



Advertisements
Similar presentations
Traits of Entrepreneurs Entrepreneurs have several characteristics – They organize resources and manage them in innovative ways to increase output. – They.
Advertisements

The Rise of Big Business Lesson 14-2
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?
Bell Ringer 1) Accounting for almost 60% of American exports by the Civil War, which statement regarding the impact of cotton is TRUE? A)The Northern states.
Rise of Big Business.
Objectives 4.04 – Describe innovations in agricultural technology and business practices and assess their impact on the West – Explain how businesses.
Industrialization 1850’s Inventions that lead to Industrialization Thomas Edison & Menlo Park Thomas Edison & Menlo Park Light bulb, Phonograph,
Industrial Age- from the US transforms from an agricultural nation to the largest manufacturing nation in the world Think- Why do you feel the.
The Rise of Big Business Main Idea: Corporations run by powerful business leaders became a dominant force in the American economy.
American History Chapter 14-2 The Rise of Big Business.
Creation of Monopolies
{ Unit 7 THE AGE OF BIG BUSINESS.  Larger pools of capital – More $$$ entrepreneurs invested a lot of money or borrowed from investors  Wider geographic.
Industry Comes of Age By David Brooks Logan County High School.
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.
The Second Industrial Revolution Chapter 5 Section 2.
Chapter 24 Industry Comes of Age, Transcontinental Railroads Union Pacific RR -> built west from Omaha, NE – Given 20 square miles of land.
Big Business. A. How to divide the money 1.Capitalism – Private business runs most of the industries and competition sets the prices. 2.Socialism – The.
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.
Captains of Industry or Robber Barons?. Corporations and Monopolies  A Corporation is a form of ownership where a number of people (Investors) share.
The Second Industrial Revolution Unit 1 Section 2 Part 5.
The Growth of Big Business The Rise of Big Business.
Titans of Industry. Changes in Business Vertical Integration  Controlling your suppliers Horizontal Integration  Similar companies merging Social Darwinism.
The Rise of Big Business The Main Idea Corporations run by powerful business leaders became a dominant force in the American economy. Reading Focus What.
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.
Warm up – 1/30 Please begin quietly working on the Philosophies of Industrialists handout on your desk. Please answer the 2 questions on each excerpt.
Unit 3: Compromise & Conflict
Transcontinental Railroads
Production and Consumption in the Gilded Age
The Second 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.
The Growth of Big Business
Technology & Business: Advancement and Setback
Chapter 24 Industry Comes of Age.
Experienced an industrial revolution, mass immigration, & urbanization
The Rise of Industrial America
The Growth of American Industry
Chapter 24, Industry Comes of Age
America’s industrial revolution was fueled by 4 major industries (R. O
Big Business and Organized Labor
The Rise of Industrial America
Industrialization in the Late 1800s
Topic: Assessing the impact of Corporate Consolidation of American Industry and Technology Do Now: “Industrialists like Carnegie, Vanderbilt, and Rockefeller.
Big Businesses, Technology, and Labor Unions
Knights Charge 2/5 What were three reasons that helped the US be an industrial nation? What was the Bessemer Process? What was urbanization? Where did.
Robber Barons vs. Captains of Industry
Age of Big Business Chapter 14 Section 3.
Chapter 24 Industry Comes of Age.
Railroads: Precursor of the Industrial Revolution
The Rise of Big Business
Industrial Age- from the US transforms from an agricultural nation to the largest manufacturing nation in the world Think- Why do you feel the.
Eden Moskona APUSH-3 Hafter
Industry Comes of Age Part 1.
SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction.
Chapter 24 Industry Comes of Age.
Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900?
Objectives Analyze different methods that businesses used to increase their profits. Describe the public debate over the impact of big business. Explain.
Business owned by investors who buy shares of stock.
The Rise Of Industry.
Unit 5 Part 2 – Industrial Businesses
Section 3 Big Business and Labor.
Industrialization Notes
Importance of railroad
Industry Comes of Age.
Bell Ringer 1) Accounting for almost 60% of American exports by the Civil War, which statement regarding the impact of cotton is TRUE? A)The Northern states.
Industrialization in the United States
Robber Barons vs. Captains of Industry
Industrial Age- from the US transforms from an agricultural nation to the largest manufacturing nation in the world Think- Why do you feel the.
The Rise of Big Business
Presentation transcript:

Activator: Document A Source Meaning (argument, claims, evidence, language and tone) Context Historical significance (relative to the DBQ question)

6.2 The Industrial Revolution Technological and Industrial Revolution, Rise of Big Business

DBQ In the post–Civil War United States, corporations grew significantly in number, size, and influence. Analyze the impact of big business on the economy and politics and the responses of Americans to these changes. Confine your answer to the period 1870 to 1900.

Railroads Union Pacific RR -> built west from Omaha, NE Given 20 square miles of land for each mile of track laid Given generous loans from government “Irish Paddies” Central Pacific RR -> Sacramento to Sierra Nevada Given same subsidies as Union Pacific Used predominantly Chinese labor Great Northern: Connected Minnesota to Seattle

Consolidation vs. Mechanization Cornelius Vanderbilt: Made millions in RR industry, popularized the steel rail Two improvements in RR: Steel rail  safer, stronger, last longer Standard gauge of track  interchangeable parts, popularized by Eli Whitney Other advancements: Westinghouse air brake Pullman Palace Cars

Revolution on the Railroads RR’s “created an enormous domestic market for American raw materials and manufactured goods” Other impacts of RR: Stimulated immigration Establishment of time zones

Wrongdoings on the RR “Stock watering”: Railroad stock promoters grossly inflated value of stock. Stock = share of a company, offered by a company as a way of earning capital and purchased by investors RR tycoons became very powerful Bribed judges and legislatures, employed lobbyists, etc. “Pools” An agreement to divide the business in a given area and share the profits (form of combination) Charged more for short hauls than long ones

Document B Source Meaning (argument, claims, evidence, language and tone) Context Historical significance (relative to the DBQ question)

Combinations (mergers, corporations and trusts) Businesses merge to “corner” a market, eliminate competition and inflate prices Corporations are entities that are legally independent from their owners Can sue, be sued, own and sell property, etc. Run by powerful capitalists (Carnegie, Rockefeller, Gould, Vanderbilt, etc.) Trusts, similar to ”pools,” are businesses that combine and do business only with one another Monopoly = when a business has complete control over an industry (e.g. Rockefeller controlled 90% of oil refineries in the U.S.)

New Inventions Millionaires (entrepreneurs/capitalists) look for areas to invest their capital Patents were issued at high rates Key inventions: Phone (Alexander G. Bell)  women work the “switchboard” Electric light, phonograph, mimeograph, Dictaphone, moving pictures.

Business strategies: Integrations Andrew Carnegie (steel) introduces vertical integration: Controlling every aspect of production from beginning to end improve efficiency by making supplies more reliable, controlling quality of the product at all stages of production, and eliminate middlemen’s fees Horizontal integration: (Rockefeller, oil) Owning most or all businesses in an industry Illegal

Document C Source Meaning (argument, claims, evidence, language and tone) Context Historical significance (relative to the DBQ question)

“The Gospel of Wealth,” 1889 “Survival of the fittest” Darwin's ideas about species were later applied to businesses and humans Reverend Russell Conwell of Philadelphia, “Acres of Diamonds”: “There is not a poor person in the United States who was not made poor by his own short- comings.” Carnegie believed the wealthy, as caretakers, should be morally responsible Philanthropy—the belief in giving back to society in the form of charity Carnegie: “A man who dies rich dies in disgrace.”

Processing Were the entrepreneurs of the industrial age captains of industry or robber barons?