© 2003 BeaconLearningCenter.com 1 Big Business Monkey Business The Rise of Industry in the United States.

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© 2003 BeaconLearningCenter.com 1 Big Business Monkey Business The Rise of Industry in the United States

© 2003 BeaconLearningCenter.com 2 Why? SS.A.5.4.1: The student knows the causes of the Industrial Revolution and its economic, political, and cultural effects on American society.

© 2003 BeaconLearningCenter.com 3 Remember the Big Questions Can societies have winners and losers at the same time? Can societal groups win and lose at the same time? How are the winners and losers reconciled?

© 2003 BeaconLearningCenter.com 4 Another Question to Consider Who were the winners and losers in the creation of “Big Businesses?”

© 2003 BeaconLearningCenter.com 5 Before the Civil War Beginning of industry Relatively small industrial production Localized industries –Close to source of power –Close to raw materials

© 2003 BeaconLearningCenter.com 6 Before the Civil War Limited transportation Small corporations Limited labor supply

© 2003 BeaconLearningCenter.com 7 Rise of “Big Business” The period after the Civil War –Monopolizing certain industries –Rise of powerful industry leaders or “Robber Barons”

© 2003 BeaconLearningCenter.com 8 Business Organization Little government regulation Monopolization of industries Elimination of competition

© 2003 BeaconLearningCenter.com 9 Focus Railroads Steel Oil Banking

© 2003 BeaconLearningCenter.com 10 Powerful Industry Leaders Cornelius Vanderbilt Andrew Carnegie John D. Rockefeller J. P. Morgan

© 2003 BeaconLearningCenter.com 11 Controlling Out-of- Control Industries The government steps in

© 2003 BeaconLearningCenter.com 12 Your Task Work with other students. Present a clear picture of how these industries grew. Show what government did to address the situation.