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Published byDortha Hardy Modified over 8 years ago
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Captains of Industry Vanderbilt Carnegie Rockefeller
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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.
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Assembly line: Products made faster, cheaper, and more accessible to average consumer. Lowered production costs
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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
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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
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Inventions Mechanization (ex: the reaper) reduced farm labor needs and increased production.Mechanization (ex: the reaper) reduced farm labor needs and increased production.
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More consumers = more profits. More consumers = more profits. Creation of Creation of mail order catalogs and chain stores. Advertising
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New ways to borrow money led to creation of new businesses. Financial resources END.
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