1. The Industrialization of the United States in the late 1800’s

2. I. What Factors Caused the U.S. to Industrialize?

3. Abundant Raw Materials

4. Inventors Ex: Alexander Graham Bell & Thomas Edison

5. Patents Encourage Ingenuity

6. Business Savvy (Ex: Andrew Carnegie & JD Rockefeller)

7. Capital Investment Ex: J P Morgan

8. Abundant Cheap Labor Ex: Eastern & Southern European Immigration

9. Laissez – Faire Government Regulation Ex: No Child Labor Laws How does a lack of government regulation benefit business owners?

10. Pro Business Government Leadership Ex: Land Grants

11. Increase in purchasing power of consumers

12. II. Gilded Age Business & Industry

13. Railroads

14. Steel

15. New Forms of Business Organization

16. III. Problems with Industrialization

17. Exploitation of workers: low pay & dangerous conditions

18. Child Labor

19. Pollution & Environmental Damage

20. “Trusts” (a.k.a. monopolies) have too much power -- Undemocratic & Anti-Individual

21. Govt’ no longer “for the people”

22. Were Industrialists: “Robber Barons”

23. Or were they “Captains of Industry”?

24. Robber Barons or Captains of Industry? Jay Gould Cornelius Vanderbilt John D. Rockefeller Leland Stanford JP Morgan