1. THE RISE OF BIG BUSINESS
Industrial Revolution Part II

2. LONG TERM INDUSTRIALIZATION
A.K.A things get a little better

3. Urban Renewal- the redesign and reconstruction of cities

6. Rise of the Middle Class
Standard of living improves as more people are living above sustenance Level

7. The Cult of Domesticity
Idealization of women and the home
Puts emphasis on Male-Breadwinners
Female- Homemakers
Children- now get a proper “childhood” as we think of it today

8. Some Pictures to Start us out
The Cult of Domesticity coincides with the Victorian Era, known for it’s prudishness

12. Cult of Domesticity - Expectations
Women
Men
Children

13. Responses that use absolute words, such as "always" or "never" are less likely to be correct than ones that use conditional words like "usually" or "probably."
"Funny" responses are usually wrong.
"All of the above" is often a correct response. If you can verify that more than one of the other responses is probably correct, then choose "all of the above."
"None of the above" is usually an incorrect response, but this is less reliable than the "all of the above" rule. Be very careful not to be trapped by double negatives.
Look for grammatical clues. If the stem ends with the indefinite article "an," for example, then the correct response probably begins with a vowel.
The longest response is often the correct one, because the instructor tends to load it with qualifying adjectives or phrases.
Look for verbal associations. A response that repeats key words that are in the stem is likely to be correct.
Think big picture themes associated with the time period

14. Mini-Practice-Trial Quiz
1. Which of the following contributed to the Rise of Big Business
a. Technological innovation
b. Cheap Sources of Energy
c. Agricultural Productivity
d. All of the above
2. What effect did the assembly line have on the cost of goods?
a. It made goods cheaper.
b. It made goods more expensive
c. It made goods less available
d. It made goods good
3. Selling stock in a company
a. Raises Capital for that company
b. Decreases the number of owners
c. Changes the name of the company
d. None of the above
4. Which of the following is true concerning Monopolies
a. They are always profitable
b. They are never profitable
c. They are organizations that have control of an entire industry
d. A Monopoly is the complete control the oil making industry
5. Social Darwinism is based on the idea of human being having gone through an
a. Evolution
b. De-Evolution
c. Backlash
d. Progression

15. The Rise of Big Business
Last half of nineteenth century
Associated w/ several new technologies
Electrification
Steam ships & railways
Bessemer furnace
Machine tools
Assembly line
Rotary printing press
Two nations most affected
United States
Germany

16. Railroads on the Continent

17. Industrialization By 1850

18. What types of inventions were invented during this time?
What categories?/ Why are these categories important?

19. Causes of Business Growth
Technological Innovation
Mechanization
Agricultural Productivity
Railroad & Communication Networks
New, Inexpensive Power Sources
Government Support
New Methods of Organization

20. The Factory System Assembly line
Centralized production
Continuous production
Division/ specialization of labor
Replaced centuries old systems of hand labor and cottage industries

21. Henry Ford’s Assembly Line

22. An 1881 Edison Dynamo

23. How do the Rich Get Super Rich?

24. More Production = Bigger Business= Incorporation
New technology need large amounts of capital
To get capital owners sell stock (shares in the business)
Stock holders are part- owners in the company
Businesses that sell stock are called corporations

25. What is in it for investors
What is in it for investors? - Question- The year is 2007, which company do you want to buy stock in?
Google- $400
Walmart- $50
UPS - $75
Apple- $200
Microsoft- $30

26. Then and now (profit sharing)
2007
Google- $400
Walmart- $50
UPS - $75
Apple- $200
Microsoft- $30
2014
Google - 1,202
Walmart- 75
UPS-97
Apple-543
Microsoft-37
2013
Google- $790
Walmart- $70
UPS- $81
Apple- $442
Microsoft- $ 27

27. What is in it for owners? It become much quicker/easier to raise capital How Much Would You OWN if you bought a Stock of Google/Walmart/Apple/Microsoft?
Google- 271,000,000 ($1,202)
Walmart- 3,627,580,981 ($75)
Apple- 900,680,000 ($543)
Microsoft- 8,347,968,348 ($37)

28. New methods of business organization
Monopolies-structures that control entire industries or areas of the economy

29. John D. Rockefeller (1839 – 1937) J. P. Morgan (1837 – 1913)
Andrew Carnegie ( )
Made his fortune in the oil industry
Financier
Created General Electric in 1891
Self-made millionaire
Founded Carnegie Steel Co.

30. Captains of Industry or Robber Barons

31. Darwinism Charles Darwin publishes On the Origin of Species
Argues all forms of life, including human beings have evolved to their present state
Never intended for this to be applied to social ideas

32. Social Darwinism Survival of the fittest Racism finds a pseudo-science
Industry tycoons are more “fit”
Victory in war, means your culture is more “fit”
Racism finds a pseudo-science
Belief that certain races are superior to each other

34. Mini-Practice-Trial Quiz Revisited
1. Which of the following contributed to the Rise of Big Business
a. Technological innovation
b. Cheap Sources of Energy
c. Agricultural Productivity
d. All of the above
2. What effect did the assembly line have on the cost of goods?
a. It made goods cheaper.
b. It made goods more expensive
c. It made goods less available
d. It made goods good
3. Selling stock in a company
a. Raises Capital for that company
b. Decreases the number of owners
c. Changes the name of the company
d. None of the above
4. Which of the following is true concerning Monopolies
a. They are always profitable
b. They are never profitable
c. They are organizations that have control of an entire industry
d. A Monopoly is the complete control the oil making industry
5. Social Darwinism is based on the idea of human being having gone through an
a. Evolution
b. De-Evolution
c. Backlash
d. Progression