1. Industrial Revolution Jamboree

2. Industrial Revolution
The Industrial Revolution is when people stopped making goods at home and started making goods in factories.

4. Immigration
Huge populations of people immigrated to America from Europe.
Workers in newly industrial America.
Factories, mills and farms.

5. Immigrants come to the USA for jobs and opportunities.

6. Working Conditions Working Conditions were horrible.
14 hours work days.
6 days a week.
No safety features.
Bosses beat workers.

7. Workers No unemployment. No health insurance. No safety codes.
No building codes.
No protection for children.
Little money.
Horrible living conditions

11. Many immigrants lived in tenements.

12. Living Conditions Worker earned very little money.
Extended families shared small apartments.
No sanitation or running water.

18. Why Did Industry Grow? Natural Resources
Coal, iron, oil, forests, fertile land
provide material for industrial growth

19. Rivers, canals and harbors
Rivers, canals and harbors were key in development of Industrial revolution.
Transport raw materials to production.
Move people for work.
finished products to market.

20. Why Did Industry Grow? Human talent and labor
population of US doubled
massive immigration

21. Socks and corporations
To create a large company, like a railroad, you need capitol.
Owner would sell certificates of ownership called stocks.
A corporation is a company owned by stockholders.

22. Starts with the Agricultural Revolution

23. Agrarian Revolution Production of farms grows rapidly.
Jethtro Tull’s seed drill changed how crops were planted.
Seeds were placed in the soil.
Limited wasted seeds.

25. Crop rotation
Rotating your crops in a three fields system would increase your production by a third.
All three fields may be used every year.

26. Industrial Revolution
Water power and coal to fuel new machines.
Iron ore production to construct machines.
Rivers and canals for inland transportation..
Harbors from which merchant ships set sail.

29. Early Inventions
Robert Fulton invents the steam engine which revolutionized transportation and power.

30. Railroad Age
Railroad transportation can move tons of product at a very affordable cost.

31. Railroad Changes America
Manufacturing could transport finished products, raw materials.
Created thousand of jobs.
Also, made travel for people easier.

32. Steam Engines change water transportation

33. Urbanization People moving to the city from the country side.
Urban - city
Rural - Countryside.
Also, the building up of cities to deal with populations

34. A forward step for the worker.
Reforming the Industrial World
A forward step for the worker.

35. Laissez faire economics
Government should stay out of business.
No regulations for safety, insurance, building, working hours or conditions.
Without government interference, business and the economy would flourish.

36. “Government should allow free trade – as free flow of commerce in the world without regulation. This will make our economies prosper.
- A smart dude.

37. Adam Smith
In his book, the Wealth of Nations, he supported Laissez Fair government.
People should act in their own self-interest.
Let competition and supply and demand force people to make better and cheaper products.

38. Capitalism
An economic system in which people invest in business ventures for a profit.
The strongest companies kill off the weak.
This makes for a strong country and economy.

39. Andrew Carnegie Bought Iron Mines, Ships, Foundaries
Born in Scotland, 1835
Drove small companies out of business
By 1900, US Steel controls steel production in America

40. Andrew Carnegie Gospel of Wealth
Wealthy had obligation to improve society
Led to significant philanthropy

41. Supported Music and the Arts by building theaters
Philanthropists
wealthy person who donates money to educational and cultural institutions
Supported Music and the Arts by building theaters
Museums
Hospitals

42. John D. Rockefeller Bought oil refinery in 1863 (place to purify oil)
Created Standard Oil Trust
Trust
many businesses in one industry controlled by one company

43. John D. Rockefeller
Purchased oil lines, barrel manufacturers, railroads
Eliminated competition
Could charge any price he wanted

44. Captains of Industry Leaders of an industry
Entrepreneurs are people that start businesses
Use inventions and new technologies to get advantage

45. Free Enterprise Capitalism is based on competition between businesses
businesses compete freely without government interference
Some believe trusts unfairly stopped competition

46. Robber Baron Ruthless driving opponents out of business
When succeed, raise price and lower quality of product
Increased profit by paying low wages
Ignored unsafe working conditions

47. Social Darwinism Darwin’s Theory Social Darwinism
Nature had law of natural selection
“Survival of the Fittest”
Only the strong survive
Social Darwinism
Applied theory to businesses and poor
Justified harsh tactics in business and not helping poor

48. Business Attitudes
Laissez – faire – government took no role in business
Corporations only concerned about making money, not conditions