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9-16-13  Please put your homework in the box under the smart board.  Get out your notebook and get ready to take notes.

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Presentation on theme: "9-16-13  Please put your homework in the box under the smart board.  Get out your notebook and get ready to take notes."— Presentation transcript:

1  Please put your homework in the box under the smart board.  Get out your notebook and get ready to take notes

2 Quiz 9/18 EVERYTHING OFF YOUR DESK Tell me what you know about the role of New Inventions and Technologies in the Growth of Industrialization

3 13.2: New Inventions and Technologies (p. 164)

4 Capitalism  “willingness to risk money on new businesses”.  Everything is privately owned  factories, equipment, etc.  In the late 1800’s, private people built railroads and factories, in hopes of getting rich!!  Example: Thomas Edison borrowed $150,000 to light up cities with electric lights ( an new risky idea).  Inventors protected their ideas with patents.

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6  Communications and Transportation speed up.

7 The telegraph and telephone  TELEGRAPH  Signals  MORSE CODE  Telephone  Voice

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9  Transportation  speeds up!  Car  Europe  U.S. A.  Airplane

10 Transcontinental Railroad

11 Rock oil provides new fuel.  Edwin Drake  oil  Titusville, PA. (1859)  oil was cheap to get  therefore cheap to buy

12 Quiz Wednesday over:  2 pts per BIG Topic  Capitalism  Communication & Transportation  Rock Oil  Bessemer Process  Electricity  1 point for ONE evidence to support BIG Topic AND its connection to growth of Industry.

13 The Bessemer process revolutionizes steelmaking  new process  forcing air  purify the steel  made it stronger.  Stronger steel  BIGGER/TALLER everything that was made from steel!!!  Pittsburgh became the steelmaking capital of the world.  First “skyscraper” was built in Chicago.

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15 Dubai

16 Electricity Lights up America!!  Thomas Edison  light bulb  generating station  goal: light up Manhattan!  Demand  G R E W  more companies begin to pop up to meet those demands.  Impact of electricity:  Businesses stayed open longer.  Families could work and read at night.  New appliances were developed (refrig., toaster, etc.)  Those in the country (“rural”) had to wait decades to get elec.  The End! (of section 2!)

17 13.3 An explosion of industrial growth!

18 1. New ways to manage work.  Factories  interchangeable parts  more quantity!!  Specialized machinery  no need for “skilled” workers!

19  Workers  performed single task all day long.  Efficient, but B O R I N G!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!  Speed boosted productivity.

20  Book  The Principles of Scientific Management  most efficient way of running a factory.  Henry Ford read this book  used assembly line to mass produce cars. One every 3 minutes!!!! Many workers felt as if they were a piece of machinery themselves.

21  Increased productivity had two results:  Goods were cheaper (positive).  Needed less workers (negative). Meet YOUR future!!!

22 New Ways to Finance and Organize Businesses.  The three factors of production:  1. land  2. labor  3. capital  any asset that can produce income.  Land was cheap, labor was plentiful, but capital was limited!

23  Owners  “corporations”  (definition) a company that’s recognized independently from its owners. (ex.: Perry Motorcars, LLC)  A corp. can now sell “stocks” in order to raise $$$ (capital).  Stocks are bought and sold by the public for $$$ 10 cents then (1969), $73.49 now!!

24  Owners also tried to get rid of competition by:  Monopolies Think about this: what’s the object of the playing the game Monopoly???

25 The End!! (of Section 3)

26 13.4 Big Business and Government

27 Laissez-faire  This French word means “hands off”. (example: Most motorcycle riders in Ohio are glad that the Ohio legislature is laissez-faire concerning the wearing of helmets.)  In the late 1800’s, we see that the government has decided to keep it’s “hands off” trying to control business.

28  Owners tried to drive out their competitors by:  (you have to know the difference between these two)  Horizontal integration: HISHIS

29  Vertical Integration: VIPVIP

30  Trust:  Where one person holds the title of property/business for many owners of separate businesses/companies. ( in other words, you trust another person to hold the title to your business ) The goal of the trust is the same as the monopoly, to drive others out of business.

31  In reality  govt. WASN’T 100% “hands off”!  Gave lots of “free” land to RR’s.  Sold ‘natural resources’ cheaply to friends of politicians.  Small businessmen  ask govt. to help curb trusts/monop’s.  hard to compete against.  Govt. responded  Sherman Antitrust Act  outlawed trusts, monop’s, other forms of business that “restricted trade”.

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33 Section 5: The Gilded Age  What is “gild”? Something that ‘looks’ like gold on the outside, but isn’t. So, think about this: this is a time where politics/life looks “golden”, but is really crappy!!

34  Many famous business owners started out as:  Entrepreneurs  bold risk-takers who est. new businesses.  These men made millions  but what about the avg. worker????  See why this is called the “gilded age”? Entrepreneurs got really rich (gold), but those who worked for them got little (cheap metal).

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38 Carnegie’s 64 room mansion in New York City!!

39 The dining room in ONE of the Vanderbilt residences.

40  Some wealthy business became philanthropists:  A person who gives away their money for worthy causes.  Carnegie  est. Univ. of Chicago (a leading business school).  Vanderbilt  est. Vanderbilt Univ.  Rockefeller  built over 2,500 public libraries.

41  So…. The big question is: Were these wealthy industrialists robber barons (people who stole from the poor and lived a lordly life) or captains of industry (people who used their wealth to help those less fortunate) ???????


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