1. Industrialization 1. Think about a business you would want to own. 2. Make a list of all supplies you would need to purchase in order to run your business. 3. Who’s your competition? 4. How do you make the most money?

2. Unit 2: Unit Introduction Industrialization Immigration & Urbanization 1850-1920

3. I. Industrialization: large companies using machines and cheap labor to mass produce goods Examples:  Factories  Mass production

4.  Positives:  Few wealthy owners  Need laborers  Negatives:  Long hours, little pay, dangerous work  People are replaceable  Who are we talking about?

5. A. Steel production Important to development Bessemer Process- Process to produce steel in large quantities. Blasted compressed air through molten iron to burn out excess carbon impurities.

6. B. Uses of Steel Skyscrapers Railroads Bridges

7. C. The “Industrialists” 1. Andrew Carnegie:  Steel Industry  Scottish immigrant,  “Rags to Riches” story Worked on the Railroad US Steel in Pittsburg Today: USX

8. The “Industrialists” 2. John D. Rockefeller: Oil Industry Owned 90% of all U.S. oil. Standard Oil Company (Today: Exxon)

9. 3. Railroad Barons Cornelius Vanderbilt Jay Gould Consolidated and combined small lines Controlled the lines

10. 4. Banker  JP Morgan

11. Known as:  Industrialists  Robber Barons  Captains of Industry  Capitalists

12. MONOPOLY: One company controlling all the output in an industry. CAPITAL: The OWNERSHIP of the means of production TRUST: Companies working together to set wages and prices. Share stock and form Corporations.

13. Immigrants http://www.youtube.com/watch?v=9TfRH- atfLQ&safety_mode=true&persist_safety_mode=1&safe=active

14. II. Immigration to America Traveling from their homes in from Europe and Asia

15. A. Steamships

16. III. Urbanization: people moving to cities, cities getting larger, causes problems

17. A. Mechanization of Agriculture Pushes people out of rural areas

18. B. Urban problems

19. 1. Tenements: Apartments that included multiple families in the cities.

20. C. Public transportation: Streetcars