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Chapter 16. The gilded age 1877-1896. Rise of Industrialism. Industry and invention. 1. Population increases – baby boom & immigration 2. Innovative spirit – new machines and methods 3. Government sympathetic to industry – high tariffs, cheap labor market from immigration
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Chapter 16 The gilded age 1877-1896
Rise of Industrialism Industry and invention
1. Population increases – baby boom & immigration 2. Innovative spirit – new machines and methods 3. Government sympathetic to industry – high tariffs, cheap labor market from immigration 4. New sources of power – oil and electricity Why did american industrial growth occur?
Student mini-presentations • Vanderbilt • Hill • Carnegie • Rockefeller • Duke • Heinz Robber barons or captains of industry?
Vertical – one company is involved in EVERY aspect of an industry from raw materials to market. Horizontal – one company completely controls ONE aspect of an industry Examine the graphic on page 337. Vertical and horizontal integration
Alexander Graham Bell Thomas Alva Edison
Elected officials appoint and hire their friends to government positions. Corruption & Scandals Spoils system
Child labor cartoon Free Silver and the “Cross of Gold” Demonstration of gold standard/inflation. Farmers