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The Rise in BIG Business SOL 3d 11/19/20151
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Between the Civil War and World War I, the U. S. was transformed from an agricultural to an industrial nation. 2
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Contribution of Inventions to Industrial Growth 3
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Electricity Thomas Edison – Lighting – mechanical uses of electricity 4
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Telephone Alexander Graham Bell – Telephone service 5
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Reasons for the Rise and Prosperity of Big Business 6
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1. National markets created by transportation advances Manufacturers use railroads and canals to ship goods to markets all around the U.S. 7
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2. Captains of Industries 8 Andrew Carnegie John D. Rockefeller Cornelius Vanderbilt
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Captains of Industry : John D. Rockefeller Oil Owned each step in the oil production process Took over rival companies and made them part of his trusts. 9
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Captains of Industry : Andrew Carnegie Steel Priced steel below competitors Owned the world's largest industrial corporation - Carnegie Steel 10
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Captains of Industry : Cornelius Vanderbilt Shipping Began building fortune with coast to coast shipping with steamships. Railroad Continued becoming a millionaire in railroad industry. 11
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3. Advertising Used to increase sales 12
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4. Lower Cost Production New technologies like assembly lines lowered the cost of making goods 13
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Examples of Big Business 14
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Industry? 15 Who? Cornelius Vanderbilt Railroads
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Oil 16 Industry? Who? John D. Rockefeller
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Steel 17 Industry? Who? Andrew Carnegie
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Changes in Farm and City Life 18
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Mechanization Reduced farm labor needs; increased production 19
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Industrial Development in Cities Created increase need for more labor. 20
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Industrialization Provided new access to consumer goods. (ex. mail order) 21
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Growth of Industries 22
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Factors that resulted in growth of industry 1.Access to raw materials and energy – Raw materials: An unprocessed natural product used to create a final product. Examples: oil, coal, wood 23
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Factors that resulted in growth of industry 2.Availability of work force – Immigration – Movement of people from rural to urban areas. 24
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Factors that resulted in growth of industry 3.Inventions – Electrification – Telephone – Lighting 25
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Factors that resulted in growth of industry 4. Financial resources – Corporations Investors buy stocks in the company. Company uses money as needed. Investors receive a share of the profits- called dividends. – Banking Industry – Loaned millions of dollars to help industry grow 26
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Negative Effects of Industrialization 27
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1.Child Labor 28
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2. Low wages, long hours 29
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3. Unsafe Working Conditions 30
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Effects of Industrialization led to Rise of Organized Labor and other workplace reforms. 31
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What is a Labor Union? Labor union: A group of workers that promotes and protects the welfare and rights of employees. 32
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1.Formation of unions Growth of American Federation of Labor A large organization made of many different unions Organized by Samuel Gompers 33
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2. Strikes How workers responded in order to get workplace reforms. Refusal to work until demands are met Homestead Strike 34
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Homestead Strike Workers blamed for violent strike and their demands are not met. Membership decreased (from 24,000 to less than 6,000 members) Union lost power 35
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Progressive Movement Workplace Reforms 36
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37 1. Improve Safety Conditions
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38 2. Reduced work hours
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39 3. Restrictions on Child Labor
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Women’s Suffrage Movement 40
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Words to Know 1.Suffrage: Right to vote 2.Suffragist: a man or woman who fought for a woman’s right to vote. 41
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Effects of Women’s Suffrage 1.Increased educational opportunities 2.Attained the right to vote 19 th Amendment: guaranteed women the right to vote in all states. 42
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Suffrage Leaders 43 Susan B. Anthony Elizabeth Cady Stanton Worked for women’s suffrage
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Temperance Movement 45
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What was the Temperance Movement? Made up of groups that opposed to (against) the making and consuming of alcohol. 46
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18 th Amendment Prohibited (illegal) the manufacture, sale, and transport of alcoholic beverages. Start of era known as Prohibition 47
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