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Captains of Industry Vanderbilt Carnegie Rockefeller.

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Presentation on theme: "Captains of Industry Vanderbilt Carnegie Rockefeller."— Presentation transcript:

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2 Captains of Industry Vanderbilt Carnegie Rockefeller

3 Immigrant Labor Due to immigration, there was a larger availability of people ready to join the work force.Due to immigration, there was a larger availability of people ready to join the work force.

4  Assembly line: Products made faster, cheaper, and more accessible to average consumer. Lowered production costs

5 New markets were created. New markets were created. Trains reached small towns in addition to cities. Trains reached small towns in addition to cities. Faster transportation

6 Trains shipped raw materials and finished products. Trains shipped raw materials and finished products. Electricity ran machines more efficiently. Electricity ran machines more efficiently. Easy access to materials and energy

7 Inventions Mechanization (ex: the reaper) reduced farm labor needs and increased production.Mechanization (ex: the reaper) reduced farm labor needs and increased production.

8 More consumers = more profits. More consumers = more profits. Creation of Creation of mail order catalogs and chain stores. Advertising

9 New ways to borrow money led to creation of new businesses. Financial resources END.


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