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2nd Industrial Revolution

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Presentation on theme: "2nd Industrial Revolution"— Presentation transcript:

1 2nd Industrial Revolution
Learning Target: I can analyze the factors that enabled the United States to become a major industrial power.

2 2nd Industrial Revolution
During the first half of the 1800’s, the United States population expanded rapidly westward. (Louisiana Purchase, land grants, railroads, etc.) The cause of this growth was fueled by immigration, industrialization, and the economic opportunities of the frontier. Significance-industrialization led to poor working conditions that led workers to organize unions and improve daily lives

3 2nd Industrial Revolution
Time Period: ~1860s-1905 ish Cause/Effect Age of Innovation Growth of Big Business Labor Movement

4 Age of Innovation Following the years of the Civil War, the United States experienced a wave of scientific discoveries and inventions. Along with the discoveries, America also experienced a surge of industrial growth. Inventions such as the telegraph and later the telephone increased the speed of communication across the country. Developments in transportation such as railroad expansion, aircraft, and automobiles increased access to parts of the country most people had never been able to access.

5 Age of Innovation Where’s the horse?

6 Bessemer Process In 1850, Great Britain’s Henry Bessemer, created a method of steel making that burned off the impurities in molten iron with a blast of hot air. This innovation allowed for steel to be made much faster and as supply increased the price decreased .

7 Bessemer Process Because of this process production increased
from 15,000 tons of steel in 1865 to 28 million tons in 1919. Greater availability and lower price allowed for the practical use of steel. In the late 1800’s, an abundance of steel helped spur the second period of industrialization.

8 Refined Oil The development of a process to refine oil also affected the industrial period. This process to refine oil could then be used for fuel to turn into kerosene, which could be burned in lamps to produce light, cook, or used as fuel.

9 Refined Oil In 1859, Edwin Drake found oil in Pennsylvania and figured out a way to pump it from the ground. “Drake’s Folly,” as it was called, turned out to be quite significant. By the 1880’s, oil wells were located all over Pennsylvania and West Virginia and production topped 25 million barrels of oil.

10 Age of Innovation New technologies and the “age of innovation” resulted in a massive expansion of railroads and laid the groundwork for the automobile and airplanes. The developments in transportation were crucial to bring Americans closer to one another as well as to the development of the West Not quite yet!

11 Railroads The availability of cheap steal, due to the Bessemer process, had a significant impact on the railroad industry. In 1869, the transcontinental railroad was completed when the Union Pacific and the Central Pacific joined to make a single rail line from Nebraska to the Pacific Ocean. Growth of Railroads 30,000 miles of railroad in 1860 193,000 miles of railroad in 1900

12 Railroads 1860 1900

13 Horseless Carriage In a time before the automobile there was the horseless carriage. Not very successful due to the cost. By 1876, Nikolaus A. Otto invented the first internal combustion engine powered by gasoline. Within twenty years, Charles and J. Frank Duryea built the first practical motorcar in the United States. The wealthy class was the only class at the time that could afford the horseless carriage. Until Henry Ford came along!

14 Airplanes The internal combustion also led to advances in flight.
Orville and Wilbur Wright developed one of the first working airplanes. In 1903 in Kitty Hawk, North Carolina, Orville Wright made the first piloted flight in a gas powered plane. Look mom! I can fly!

15 Electricity Research on the development of practical uses of electricity led to numerous advancements during the 2nd Industrial Revolution. The invention of an electric light bulb was one such advancement. Once electric power became accepted power lines like these soon spread across the country

16 Electricity Thomas Edison and his fellow researchers made significant discoveries in the telegraph, electricity, light bulbs, phonographs, and early motion-picture cameras. He opened a workshop in Menlo Park, New Jersey where he assembled a team of researchers and by 1931, Edison and his team had over 1,000 patents. Patents: A patent is an exclusive right to make or sell an invention.

17 Communication The advancements electricity use led to improvements in communication which also furthered the growth of American industry.

18 Telegraph Samuel F.B. Morse developed the telegraph, which was a means of communicating using wires with electricity. By 1866, Western Union, the leading telegraph company, had more than 2,000 telegraph offices.

19 Telephone Alexander Graham Bell, in 1876, introduced the talking telegraph or telephone. By the end of the 1800’s, more than one million telephones had been installed and Bell Telephone Company eventually became American Telephone and Telegraph AT&T, one of the largest and longest lasting monopolies.

20 Telephone

21 Growth of Big Business Over the course of the late 1800’s, businessmen set out to gain economic wealth by building industries by taking advantage of the era’s new technological advances. Entreprenuers were trying to find their own special market where they could make it rich! Capitalism: an economic system in which private business ran most industries, and competition determines how much goods cost and workers are paid.

22 Corporations In the late 1800’s, the face of American business changed dramatically. –Business leaders turned to corporations. Corporations are organizations in which members raise money by selling shares of stock in the company. Stockholders-those who buy shares–receive a percentage of the corporation’s profits, known as dividends, in return for their investment. Although stockholders actually own the corporation, they do not run the day to day operations of the business. They vote to elect of board of directors who selects the managers of the business.

23 Free Enterprise Free enterprise is an economic system in which businesses were let free from government regulation. During the Second Industrial Revolution, Horatio Alger published several novels that reflected the American ideal of self-reliant individualism (HARD WORK!!!)

24 Social Darwinism Charles Darwin’s theory of natural selection and evolution led to a newly political theory of Social Darwinism. Social Darwinism: The “fittest” people, businesses, or nations would rise to positions of wealth and the “unfit” would fail

25 Carnegie and Vertical Integration
Andrew Carnegie entered the iron and steel business in the early 1860’s. In 1899, Carnegie organized all of his companies into the Carnegie Steel Company. He used the process of vertical integration to grow his US Steel empire! Vertical integration –The process of acquiring all of the businesses involved in each step of a manufacturing process. In 1901, Carnegie sold his company to banker J.P. Morgan for nearly $500 million. Carnegie retired as the world’s richest man.

26 Rockefeller and Horizontal Integration
In 1863, John D. Rockefeller entered the growing oil industry and eventually founded Standard Oil. In the early years of the oil industry there were several small competitive companies and John D. Rockefeller set out to gain control of the industry. Using vertical integration he acquired all companies that were necessary for the oil companies.

27 Rockefeller and Horizontal Integration
He also practiced horizontal integration which was one company’s owning all of the companies in a certain field. By 1880, Standard Oil Company controlled 90% of the oil industry

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29 Trusts Some companies, or corporations, formed trusts.
Trusts are when companies turn control of their stock to a common board of trustees. If a trust gains an exclusive control of an industry, a company holds a monopoly, or complete control over the price and quality of a product. Trusts tried to get rid of competition in their industry. This practice led to higher costs for everyday people and higher profits for the companies.

30 The Sherman Anti-Trust Act
In 1890, in response to the growing uproar from the public, the government passed the Sherman Anti-Trust Act. This act outlawed all monopolies and trusts that restrained trade. They proved very difficult to enforce and monopolies continued to grow. By 1890, 10% of the population controlled close to 75% of the nation’s wealth.

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