1. The Industrial Revolution in the United States
1865 Remaly Mfg. Co. Tamaqua, PA

2. Background “Second” Industrial Revolution Civil War Immigration
Capitalism
Natural Resources

3. What’s the deal with Natural Resources?
Coal
Lumber
Water
Oil

4. Innovation and Invention
Patents
Alexander Graham
Bell
Thomas Edison
Steel-The item that
drove the revolution

5. Business is Booming!
New industries pop up to deal with need for manufactured goods
Railroads
Urbanization
Pollution

6. Change in Business World
Profit motive
Corporations
Monopolies
Cartels

7. Robber Barons/Captains of Industry
John D. Rockefeller: Oil
Andrew Carnegie: Steel
Cornelius Vanderbilt: Railroads
These men made huge fortunes through clever business practices which made their companies dominant, but pushed out smaller competitors

8. Working the system to their advantage
Create a “Trust”!
A way to work around government control. A company assigns ownership to a Board of Trustees who then run the company as a separate business. It became a way to buy or control other companies while not technically breaking the law.

9. You own Company A. You want to buy out Company B.
How a Trust Works
You own Company A. You want to buy out Company B.
The Man
a.k.a.
The Government
Company A
Company B
Your Trust. Not being blocked by the government, it buys Company B and controls it for you.

10. What could the Government do?
Interstate Commerce Commission: estab to oversee railroad operations.
Sherman Anti-Trust Act: 1890, Outlawed trust that restrained trade and commerce.
Had little success at first