1. The Industrial Society, 1850-1901
Chapter 18
The Industrial Society,

2. Industrial Development
Entrepreneur:
US offered ideal conditions for rapid industrial growth.
Abundance of cheap natural resources, l
Large pools of labor
Largest domestic market in the WORLD
Capital & government support w/o government regulation

3. Factors that helped build an Industrial Economy
Labor supply from Europe & American FARMS
Inventions
National market
Plentiful $$$
Favorable government policies
Entrepreneurs

4. Railroad Empire Positives of the RR Negatives of the RR
laid down over 200,000 miles of track
Saved the federal government 1 billion $$$ X
Greater speed & safety
Urban life to the country
RR companies were huge consumers AND employers
Building of Trunk lines
Transcontinental RR Central & Union Pacific
Negatives of the RR
Monopolies
Fraud & waste connected
Intense competition
Panic of 1893

5. Empire Builders & Inventions
Cornelius Vanderbilt - railroads
Andrew Carnegie – Steel
J.P. Morgan – Banking then United States Steel
John D. Rockefeller – Oil – Standard Oil Company & Standard Oil Trust
Thomas Edison – telegraph, camera, processed foods, telephone, phonograph, electricity.
Bessemer Process…..

6. Cornelius Vanderbilt, J. P. Morgan, Andrew Carnegie, John D
Cornelius Vanderbilt, J.P. Morgan, Andrew Carnegie, John D. Rockefeller

7. Selling a Product to Wage Earners
Marketing became a tool to sell a product.
Advertising was common
Department stores
Brand names
Mail order catalogs
Wage Earners built the new factory society which included men, women, & children
Skilled & unskilled but skilled white males received a greater share of the prosperity.

8. Culture of work
The hope of upward mobility was the goal for all factory workers.
Work difficult, long hours, little pay, worked w/ machines and by hand.
Punch the clock

9. Labor unrest & birth of Labor Unions
American Federation of Labor (AFL) still exists. Pushed for better wages & safer working conditions and did resort to violence to achieve it.
Knights of Labor founded by Samuel Gompers
Opposed use of work strikes
Only skilled workers were members. Women & Blacks not allowed.
Employers applied strict laws to increase supply of product. Lead to more strikes.
REMEMBER the HAYMARKET RIOT!