Chapter 20 - Industry. Railroads and the Steel Industry.

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Presentation transcript:

Chapter 20 - Industry

Railroads and the Steel Industry

Vanderbilt

Railroads and the Economy Benefits? What is a gauge and why does it need to be standard (the same everywhere?

Steel Industry - problems

________ Oil Company #1 Oil Company #2 Oil Company #3 ________ Oil Field Oil Refinery Railroad

Corporation Less risk What does a corporation do with the money that the investors give them? What does an investor get?

Competition 1.What did Rockerfeller think about competition? 2.What do you think about it?

Edison – goals and work ethic

Ford and the Assembly Line

Cars What were some problems consumers faced? Safety Driving instruction High prices How were each of these overcome?

Wright Flyer vs. balloon for military use

Why join a Union? Better benefits – health insurance Fair pay To be heard!

AFL vs. Knights of Labor ______________ Carpenter’s Union Autoworkers Union Garment Workers Union _______________ HarryFredGeorge

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