The Rise of Industrial America, 1865 – 1900 Chapter 18

2 Readings Read the chapter, pp You MUST read the chapter!!!! On line find and read a summary of the book The Jungle by Upton Sinclair.

3 Group Presentation An Important Industrial or Technological advancement from this time period Chose a group of three Compose and design a power point of 5 slides Be prepared to make your presentation within 3 days.

4 Rise of Corporate America See graph on page 537 Write a one sentence summary of the graph on page 537. _________________________________________ ________________________________________.

5 The Character of Industrial Change 6 features dominated manufacturing: –Exploitation of coal –Spread of technology –Control of workers –Pressure on firms to compete –Relentless drop in prices –Of money supply to keep pace with productivity

6 Railroad Innovations Collis P. Huntington, Central Pacific Jay Gould, Union Pacific James J. Hill, Northern Pacific Generous land grants and loan subsidies Magnetic telegraph Divisions Superintendents Accounting systems I’ve been working on the railroad all the live-long day! Jay Gould

7 Consolidating the Railroad Industry Robber Barons Standard 4’8 ½” gauge track Interstate Commerce Act, 1887 J.P. J. Pierpont Morgan

8 Applying the Lessons of Railroads to Steel Bobbin Boy $1.25 a week Secretary to Tom Scott, Pennsylvania Railroad 1870’s first steel mill built “Watch the COST and the PROFITS will take care of themselves.” Vertical Integration Andrew Carnegie

9 Figure 18.1: Iron and Steel Production, 1875–1915

10 The Trust: Creating New Forms of Corporate Organization Edwin L. Drake –1 st crude-oil well 1859 –Passion for cutting costs –Standard Oil Trust 1882 John D. Rockefeller

11 Sherman Anti-Trust Act 1890 United States vs. E.C Knight Company

12 Stimulating Economic Growth

13 The Triumph of Technology Thomas A. Edison Electrical lighting Read “Electricity” pp

14 Specialized Production

15 Electricity

16 Figure 18.2: Mergers in Mining and Manufacturing, 1895–1910

17 Figure 18.2: Mergers in Mining and Manufactu ring, 1895– 1910 (cont’d)

18

19 Advertising and Marketing

20 Social and Environmental Costs and Benefits

21 The NEW SOUTH

22 Obstacles to Economic Development

23 The New South Creed and Southern Industrialization Henry W. Grady

24 The Southern Mill Economy

25 Southern Industrial Lag

26 Factories and the Work Force

27 From Workshop to Factory

28 Hardships of Industrial Labor

29 Immigrant Labor

30 Chinese Labor

31 Woman and Work in Industrial America

32 Hard Work and the Gospel of Success Horatio Alger

33 Labor Unions and Industrial Conflict National Labor Union Knights of Labor Wildcat strikes

34 Organizing Workers National Labor Uniton (NLU) Knights of Labor American Federation of Labor (AFL) Samuel Gompers

35 Strikes and Labor Unrest Homestead Strike Eugene V. Debs Supreme Court Inre Debs

36 Social Thinkers Probe for Alternatives William Graham Sumner Social Darwinism Marxism

37 Conclusion