Unit 1: The Gilded Age Industrialization. Have you ever used any of these products? What company created these products? Who was the man behind the creation.

Slides:



Advertisements
Similar presentations
Your Warm-up... Do you see an old woman or a young lady?
Advertisements

Robber Barons or Captains of Industry?
Big Business Emerges Businesses consolidate into big industries or ________________ These are run by businessmen who become very wealthy and become known.
Technological Innovations
Chapter 14 Sect. 3 Objectives:
Gilded Age.
Capitalism: Economic system based on private ownership of property & companies. Goal= profit.
Warm-Up 4/10 If you could be the owner of any type of company, what would it be? Why?
Corporate Monopolies & Trusts. What IS a corporation? Some of you are saying this…
Industrialization of America
Chapter 20.1 AMERICA ENTERS THE INDUSTRIAL AGE.  Industrial Revolution – Transition to new manufacturing processes. For example: Hand production to machine.
Aim: How did the Industrial Revolution transform American business
THE RISE OF BIG BUSINESS IN THE GILDED AGE. WHAT DO YOU SEE?
The Gilded Age Gilded Age Themes Industrialization Urbanization Unions and Reform Movements The Closing of the Frontier Gilded Age Politics.
Captains of Industry or Robber Barons? American History 1.
Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900?
Industrialization Ch 3.2. Tuesday, February 21, 2012 Daily goals: Understand how inventions supported economic growth, how laissez faire affected business.
Industrial America Steel is critical to industrialization – new method for steel production during this time: Bessemer Process – a day’s worth of production.
Cornelius Vanderbilt Vanderbilt built the railroads Majority of railway lines were owned by a few powerful men Offered secret deals to factories and industries.
Your Warm-up What do you see?.
 Sumner says about the business leaders that “…their own wealth… and millions more… scattered in the hands of thousands, would not exist but for them.”
 The Gilded Age by Mark Twain and Charles Dudley Warner  “The gold coating would be the upper class; the elites, their lifestyles; the evolution.
Essential Question: – What factors led to the rise of the American Industrial Revolution from 1870 to 1900?
The Industrialization of the United States in the late 1800’s.
Corporation Separate unions of skilled workers, united together Knights of Labor Child Labor Group formed by workers to improve working conditions Theory.
Chapter 20: An Industrial Society Section3: The Rise of Big Business Section 4: Workers Organize.
 Sumner says about the business leaders that “…their own wealth… and millions more… scattered in the hands of thousands, would not exist but for them.”
The Development of Industrial America American Studies I can understand how America became an industrial leader and the effects of industrialization.
What factors influenced American growth and expansion in the late nineteenth and early twentieth century?
Essential Question: – What factors led to the rise of the American Industrial Revolution from 1870 to 1900?
HOW DID THE UNITED STATES BECOME AN INDUSTRIALIZED SOCIETY AFTER THE CIVIL WAR?
The Rise of Big Business Main Idea: Corporations run by powerful business leaders became a dominant force in the American economy.
Big Business.
The Industrial Revolution
Creation of Monopolies
{ Unit 7 THE AGE OF BIG BUSINESS.  Larger pools of capital – More $$$ entrepreneurs invested a lot of money or borrowed from investors  Wider geographic.
Please read “The United States Industrializes” on page 92 and answer the preview questions.
Your Warm-up Do you see an old woman or a young lady?
Thomas Edison (the “Wizard of Menlo Park”) was the greatest inventor of the 1800s In his New York research lab, he invented the 1 st phonograph, audio.
  Industries and “Big Business” grew in response to technological innovations  Other breakthroughs in electricity, mass communication, and shipping.
The Second Industrial Revolution Chapter 5 Section 2.
Essential Question: – What factors led to the rise of the American Industrial Revolution from 1870 to 1900? This Day in History.
Industrialization Unit 7. Industrialization period between the Civil War & WWI (1860 – 1914) when USA underwent economic transformation that involved.
Gilded Age.
Expansion of Industry and Rise of Big Business Liam Brennan Laura Logan.
The Free Enterprise System The Corporation Before the Civil War, most American businesses were owned by individuals or by a group of partners. After the.
The Second Industrial Revolution Unit 1 Section 2 Part 5.
Industrialization of America “Rags to Riches” “Rags to Riches” The RISE OF BIG BUSINESS.
Big Business.
Robber Barons or Captains of Industry?
Industrialization of America
The Growth of American Industry
Warm Up 2/7 LINCS Cards Dry Farming Carlisle School Turner Thesis
Andrew Carnegie 1899 Carnegie Steel Improved quality and cut costs.
Big Business and Organized Labor
The Rise of Big Business
What does “laissez faire” mean in your own words?
- Economic system in which supply and demand determine prices.
The Rise of Big Businesses aka Monopolies AKA Trusts
Unit 4 Industrialization.
THESE ARE THE MEN WHO RESPONSIBLE FOR INDUSTRIALIZING AMERICA!
Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900?
Big Business in the Gilded Age
THE RISE OF BIG BUSINESS -OR-
The Robber Barons or Captains of Industry?
The Rise of Industry Chapter 25 Vocabulary.
CAUSES Many natural resources Building of canals and railroad’s
THE GILDED AGE BIG BUSINESS.
Industrial Revolution
The Rise of Big Business
Presentation transcript:

Unit 1: The Gilded Age Industrialization

Have you ever used any of these products? What company created these products? Who was the man behind the creation of these products?

Apple Inc. Steve Jobs  CEO  1976: Started Apple at 21 years old  Entrepreneur: person who organizes and operates a business  Monopoly: one company controls the production and sale of a product or service

Gilded Age Entrepreneurs John D. Rockefeller Andrew Carnegie Cornelius Vanderbilt J.P. Morgan George Westinghouse George Pullman

How did these men build their businesses? Industrialization: growth of industry due to availability of natural resources, use of electricity and petroleum, new inventions and improved communication and transportation Transcontinental Railroad Availability of cheap labor Free Enterprise Monopolies Laissez Faire Capitalism Trusts: competing companies consolidate into one

What is Laissez Faire Capitalism? Laissez Faire capitalism is when the government is not regulating big business. During the Gilded Age, the government practiced Laissez Faire capitalism and this led to rise of big business ( trusts ) Industrialization took place between 1870 and This time period is also called the Gilded Age because on the surface the US was doing great but if one looked below the surface, there was a lot of problems like poverty, bad working conditions and child labor

Standard Oil Trust ( monopoly )

John D. Rockefeller Industry: Oil Company: Standard Oil Trust Refined oil from the ground into useful products By 1879, Standard Oil controlled 90% of oil refining in the United States

Andrew Carnegie Industry: Steel Company: Carnegie Steel Poor Scottish immigrant Paid his workers low wages, forced them to work 12 hour days and prohibited labor unions Philanthropist: $350 million to build libraries and fund universities

Cornelius Vanderbilt Industry: Railroads and Steam Ships One of America’s first millionaires Grew up poor Operated a fleet of 100 steam ships Purchased railroads in New York and offered low fares and improved service

J.P. Morgan Industry: Banking Company: JP Morgan and Co. Son of a banker Created monopolies in the steel and railroad industries

George Westinghouse Industry: Electrical Company: Westinghouse Electric & Manufacturing Co. Served in the Union Army Patented several devices for use by the railroads

George Pullman Industry: Railroads Company: Pullman Palace Car Co. Invented the sleeping car Built the town of Pullman to house his employees

Captains of Industry OR Robber Barons? These entrepreneurs were viewed as  Captains of Industry: Entrepreneurs who created the modern industrial economy. Inventive leaders who were charitable and hard working. OR…  Robber Barons: Entrepreneurs who were self-centered, destroyed competition and mistreated their workers. Example: Steve Jobs

TODAY In groups, you will determine if these men were…  Captains of Industry  Robber Barons

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.