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Expansion of Industry.

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Presentation on theme: "Expansion of Industry."— Presentation transcript:

1 Expansion of Industry

2 Technology Transcontinental Railroad East and West meet
Promontory Point, Utah Solved East/West transportation issues

3 Communication Telegraph Telephone

4 Bessemer Process Made it cheaper to remove impurities from iron
Made mass production of steel possible

5 Electricity Edison invented the light bulb
Westinghouse develops the alternating current (AC)

6 Brooklyn Bridge Suspension design used Longest in the world

7 Robber Baron Social Darwinism
Based on Darwin’s “survival of the fittest” concept Society should not get involved in an individual’s drive to be successful

8 Powerful Industrialists
Andrew Carnegie – Steel J.D. Rockefeller – Oil J.P. Morgan – Banking Cornelius Vanderbilt – Railroads Thomas Edison – Inventions (incandescent light bulb)

9 Robber Barons sought to eliminate the competition and create MONOPOLIES

10 The Sherman Anti-Trust Act
Passed in Congress, 1890 Prevented industries from forming monopolies

11 Effects of Industrial Growth
Contributed to the wealth of America Caused economic hardships Manufactured too much Lowered prices Lowered wages Fired workers “Boom and Bust” period called the “economic cycle”

12 Labor Unions Knights of Labor – First labor union
American Federation of Labor Founded by Samuel Gompers Used collective bargaining Tool used by unions Negotiate as a group for improvements Fought for “closed shops”… union members only

13 Strikes Haymarket Strike/Riot Pullman Strike
Riot broke out between strikers and police Dozens from each side killed Pullman Strike Rail worker’s strike spread Other unions joined Mail workers joined and the mail stopped The President had to intervene

14 Eugene V. Debs Socialist Great organizer of labor
Unsuccessfully ran for President several times


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