Do Now What is mechanization? What is industrialization?

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Presentation transcript:

Do Now What is mechanization? What is industrialization? What is urbanization?

Reasons for prosperity of big business 1. National markets created by transportation advances (Railroads)

Reasons for prosperity of big business 2. Captains of Industry / Robber Barons

Captains of Industry An entrepreneur is a person who comes up with a product or service, or a better way to provide them.

1. John D. Rockefeller Used to lubricate machine parts Standard Oil Company Used to lubricate machine parts Refined into gasoline for fuel Refined into kerosene for lighting in mines or heating

2. Andrew Carnegie Steel, Pittsburgh Pennsylvania Lighter, stronger, more flexible than iron Inexpensive Used to build bridges, railroads, skyscrapers

3. Cornelius Vanderbilt Moving natural resources to eastern factories Shipping and Railroad Moving natural resources to eastern factories Transporting finished products to national markets

4. Henry Ford Detroit, Michigan Automobile Assembly line made cars quickly and affordably Paid employees well so they can afford an automobile

Reasons for prosperity of big business 3. Advertising Reasons for prosperity of big business

Reasons for prosperity of big business 4. Lower-cost production – (assembly line) Henry Ford Reasons for prosperity of big business