Presentation on theme: "Technological Advancements and the Road to Greed…"— Presentation transcript:
1 Technological Advancements and the Road to Greed… Industrial AmericaTechnological Advancements and the Road to Greed…Click to see video on Industrialization!
2 How did this all start!?!?Following the Civil War, railroads allowed for expansion west. Big railroad companies started buying smaller ones.Click here to listen to a podcast on Big Business!
3 Captains of Industry or Robber Barons? Done exploring the Money Men?
4 Cornelius VanderbiltVanderbilt started buying out smaller railroad companiesBought up most of the track headed out westIf a company would refuse to sell to him, he would refuse to let passengers from their trains use his trains to head out west – took away all their customersBack to Money Men
5 Andrew Carnegie Sold STEEL – necessary to make a railroad! Started buying steel mines, and railroad companiesControlling all aspects of production from top to bottom is called vertical integration!Back to Money Men
6 J.P. MorganBegan gaining power in banking industry when he began reorganizing railroadsWas involved in reorganizing General Electric and US SteelBack to Money Men
7 John D. RockefellerUsed profits from his refineries to buy up other oil companiesSlashed his prices enough to force other companies out of businessFormed the Standard Oil Trust and controlled 95% of the industryBack to Money Men
8 What do you think? Good Guys? Bad Guys? What good things do you think these men could have brought to the lives of workers in the US?What bad things do you think these men could have brought to the lives of workers in the US?Good Guys?Bad Guys?Explored both sides of the argument? Click Here!
9 Samuel Morse Telegraph (1837) Lines – RR= communication 1870= Western Union Telegraph Co.Back to Money Men
10 Thomas A. Edison Light Bulb (1879) Future of Electricity Support= J.P. MorganEdison Electric Light CompanyBack to Money Men
11 Gustavus Swift Swift & Company Refrigerated Railroad Car Meat packing industryBack to Money Men
12 Good Guys?LibrariesCharitiesSee the other side!
13 Bad Guys? Poor Working Conditions for employees Lavish Lifestyles for themselvesSee the other side!
14 Want to know more about Henry Ford? Click HERE! Ford AutomobilesModel-TMoving Assembly LineBack to Money Men
15 Henry Bessemer The Bessemer Process Turns iron into steel Importance to industrial growth?Back to Money Men
16 In Summary… Why is it important to identify bias? What pieces of evidence do you think a historian would use if he viewed the early industrial moguls as Captains of Industry? What about Robber Barons?