Survival of the fittest Government does not interfere with business Large companies forced small companies out of business. SOCIAL DARWINISM
John D. Rockefeller - Oil Andrew Carnegie – Steel Cornelius Vanderbilt – Railroads JP Morgan – banking Robert Fulton – steam boats BIG BUSINESS LEADERS
Henry Ford Assembly line Increase in production Increase in demand in steel and rubber MASS PRODUCTION
Thomas Edison – Light bulb, many inventions Samuel Morse – Telegraph Alexander Graham Bell – Telephone Inventions – helped factories to improve efficiency INVENTORS
Transported goods to markets Gave rebates to big businesses RAILROADS
Horizontal integration – used to reduce competition TERMS
After the fire – called for laws to regulate safety in factories TRIANGLE SHIRTWAIST FACTORY FIRE
Paid lower wages Dangerous working conditions CHILD LABOR
Late 1800s – American opinion – striking workers didn’t need help Labor unions developed to improve working conditions Strike – workers refuse to work Function – represent workers LABOR UNIONS
Terence Powderly – Knights of Labor Union for skilled and unskilled – Knights of Labor Samuel Gompers – American Federation of Labor LABOR UNIONS
Haymarket Riot – a setback for labor organizations – violence broke out Blacklist – a secret listing of undesirable workers by employers TERMS