1. Industrial World Leader -by 1880, U.S. is world’s leading producer of goods -reasons why???? unlimited labor force abundant coal supply iron mining discovery of oil in US– Edwin Drake railroad development

2. Public Support -laissez-faire government policies -unlimited immigration supplied labor -high tariffs protected American business -public financing of railroads

3. Entrepreneurs and Innovations -late 1800’s saw an explosion of innovation and invention -telephone -light bulb -electric power -Nikola Tesla— AC Power -Bessemer Process -typewriter

4. Entrepreneurs and Innovations -photography -phonograph -motion pictures -radio—Nikola Tesla -retail stores -canned foods

5. Entrepreneurs and Innovations -John D. Rockefeller -Andrew Carnegie -J.P. Morgan -Cornelius Vanderbilt -Dupont Family -James B. Duke -George Westinghouse

6. Entrepreneurs and Innovations -John D. Rockefeller -Andrew Carnegie -J.P. Morgan -Cornelius Vanderbilt -Dupont Family -James B. Duke -George Westinghouse

7. Railroads lead the Way -”iron horse” -Leading consumer of goods -better transportation leads to growth -transcontinental, 1869 -standardization of time

8. Railroads lead the Way -”iron horse” -Leading consumer of goods -better transportation leads to growth -transcontinental, 1869 -standardization of time

9. Railroad Prosperity -growth of urban areas -Development of Company Towns Pullman, Illinois makes RR cars -railroad scandals Credit Mobilier gov’t land grants

10. Grange and the Railroads -Railroad abuses -Granger Laws -Supreme Court rulings -Interstate Commerce Act, 1887 attempt to regulate business