1. A New Industrial Age

2. Review 3 factors that lead to industrialization N_____________________
Examples:
I______________________
Railroad=Time Zones
Population Growth
Why?

3. Vocabulary
Capitalism: Economic system in which the people have the ability to own the means of production
Monopoly: Complete Control over an industry's production, wages, and prices
Social Darwinism: Survival of the fittest-laissez faire (let it be) doctrine of economics
Sherman Anti-Trust Act…

4. Rockefeller vs. Carnegie
Background information
What did he specialize in?
How did he create a monopoly?
What did he do with his money

7. American Workers Demand Better Treatment
Take notes on the back of your worksheet/chart from yesterday………….
Knights of Labor
American Federation of Labor
Labor Unions
Collective Bargaining
Arbitration
Strike
Answer the 2 critical thinking questions

8. Sherman Antitrust Act
Makes it illegal to form a trust that interfered with free trade between state or with other countries
Ineffective
Did not clearly define trust
If business felt pressure from the government, they would reorganize
Industrial leaders turn that act against labor unions-striking workers, picket lines, and boycotts hurt interstate trade
Eventually the government stopped trying to enforce the act and the consolidation of businesses continued

9. Summing it up…. Wealthy “robber barons” build monopolies
Require a lot of cheap labor
Leads to immigration
Pay employees poorly, poor working conditions
Leads to labor unions
Leads to employers forbidding union meetings, firing union members, and yellow dog contracts
The rich get richer-the poor get poorer
Reading-Labor Unions

10. Readings: American Workers demand better treatment”
2 critical thinking questions
Breaker Boys
Make a list of working conditions
Answer ?s 1-6
My Day in the Sweatshop
?s 1-3 and add
Explain why 146 people died in the Triangle Shirtwaist Company fire