Industrialism Progressing Westward

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Presentation transcript:

Industrialism Progressing Westward

America Changes Big Businesses and Factories – Faster Production Methods Use Natural Resources to Create New Products Rise In Immigration Change in Communication Methods Railroads Banking Options

The South In Debt From Civil War Fall Behind With Industrialization Becomes Very Poor Loses Labor Force (Slaves)

The Factory Use of an Assembly Line Produces Goods Quickly Poor Working Conditions Low Wages Citizens Moved From Farms to Cities

The Train Allowed Faster Movement of Citizens Westward Allowed Resources and Goods to Be Transported Westward Rise of Cowboys and Bandits Built Primarily By Immigrants From China

The Telephone People Could Talk Instantly Without Time Lapse of Letters Pony Express Extinct Stagecoach Mail Delivery Dying Out Telegram also created faster communication

Banking Widespread Offered Stocks and Bonds to Promote Business Gave Loans to Many People Large Economic Growth Led to An Increase in Wealthy Class Fast Money

Fairs People Came Far and Wide Exhibited New Inventions and Technologies

Baseball Becomes America’s Pastime Due to Popularity

America Emerges Becomes a World Power Pays Little Attention to Defense From Foreign Threats

Roosevelt’s Big Stick America Had The Right to South America Vowed to Fight Off Any Countries from the Eastern Hemisphere

Monopoly Rich Business Men Try to Corner Markets Force US to Buy Their Goods Exclusively Gain Too Much Power ndex.php?lid=628&type=educator ndex.php?lid=628&type=educator (Monopoly Lesson)

John D. Rockefeller Oil Barren – Founded Standard Oil Company First US Business Trust Kerosene and Gasoline Become Important in US Industries World’s Richest Man 1 st American to Be Worth More $1 Billion Regarded As the Richest Person in History (Inflation) Founded Several Colleges

Andrew Carnegie Steel Barren Born Poor, Gained Wealth from Investing the US Railroad Founded Several Colleges and Libraries

Cornelius Vanderbilt Railroad Baron Founded Vanderbilt University Married First Cousin – 13 Kids Initially Worked IN NY Steamboat Industry – Staten Island Ferry Almost Died on Train with John Quincy Adams aboard Worked With Railroad Industries to Transport Goods By Land and Sea

JP Morgan Helped Merge Businesses Together For Financial Gain Leading Financer of Progressive Era Led One of the Most Powerful Banks of the World

John Jacob Astor Fur Industry First Multi-Millionaire in the US

Charles Schwab Shipbuilding and Steel Industry Steel Beams Led to Skyscrapers