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Was the rise of industry good for the U.S?

Was the rise of industry good for the U.S? . Preview. Create an invention or innovation that will make school easier for you. Explain how this invention works and why it would help you. Writing prompt. An innovation or invention that would make school easier would be a……. Industrialization.

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Was the rise of industry good for the U.S?

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  1. Was the rise of industry good for the U.S?

  2. Preview • Create an invention or innovation that will make school easier for you. Explain how this invention works and why it would help you

  3. Writing prompt • An innovation or invention that would make school easier would be a…….

  4. Industrialization • A period of time between 1840 and 1920 in which goods were made by machine

  5. What factors gave rise to industrialism in America?

  6. Henry Ford’s Assembly Line • Model T • Increased production • Cheaper products • Higher profits

  7. What factors gave rise to industrialism in America?

  8. Patents • Gives inventor sole legal right to make or sell an invention

  9. 1. What happened to the number of patents issued between 1845 and 1900? 2. What does this chart tell us about what was happening in America in terms of innovation and invention?

  10. Innovations and inventions of the industrial era

  11. Thomas Edison • Edison Electric Light Company • Phonograph • Movie maker

  12. Alexander Graham Bell • Bell Telephone Company

  13. Rock Oil • Edwin Drake • lubrication for machinery • gas for cars

  14. Sewing Machine • Elias Howe • Increased garment production

  15. Transcontinental Railroad

  16. Bessemer Process and Steel • Andrew Carnegie • Faster, cheaper way to produce steel • Stronger bridges, taller buildings, jobs

  17. What happened to the number of non-agricultural workers between 1870 and 1920? 2. What factors may have contributed to the rise in industrial or factory workers during this time?

  18. 1. What happened to the total number of exports between 1850 and 1905? 2. What factors might have contributed to the rise in production of goods to other countries?

  19. What factors gave rise to industrialism in America?

  20. New business methods and philosophies

  21. Entrepreneurs

  22. Capitalism • Businesses are privately owned rather than being controlled by the government

  23. Capitalists • Provide funds to build railroads, factories • Put money into new inventions and scientific research

  24. Corporations • Large companies that rely on stock holders to provide capital • In return, stock holders receive a piece of ownership in the form of stock certificates, voting power, dividends

  25. Monopolies • A single corporation that dominates industry by eliminating competition

  26. Trusts • Competing companies join together to crush competitors • By 1904, 319 trusts swallowed 5,000 smaller businesses.

  27. Horizontal Integration • Building a monopoly by buying out competitiors

  28. Vertical Integration • Building a monopoly by buying out suppliers. • Carnegie bought coal mines and railroads to help his steel co.

  29. Government’s role in Business • Sherman Anti-Trust Act (1890) • law was not enforced initially

  30. Laissez Faire Policies • Government should not interfere in business • Limit regulation and oversight

  31. Corruption • Politicians took bribes and passed laws that favored big business over workers

  32. Tarrifs • Taxes on foreign goods • Protect American businesses • Encourage the purchase of American made goods by making (imports) more expensive

  33. Government’s role in business • Gave railroads millions of dollars worth of land • Sold natural resources such as forests and minerals at very low prices

  34. Social Darwinism • Discouraged government regulation of business • Best run businesses would survive and prosper • Gov’t should leave business alone to succeed or fail on their own

  35. Were men like Rockefeller good for America?

  36. Robber Barons • Industrialists who gained wealth at the expense of the workers

  37. The Gilded Age • Mark Twain • Industrialists lived “glittering” lives while the poor struggled

  38. Philanthropist

  39. Mark Zuckerberg

  40. John D. Rockefeller

  41. Standard Oil • Richest Man in history

  42. Andrew Carnegie • Scottish Immigrant • “Rags to Riches” • Pennsylvania Steel

  43. JP Morgan • Banker • Financed Alexander Bell, Edison • Railroad Owner

  44. “You can’t compete with (Rockefeller”…If you refuse to sell, you will end up being crushed”

  45. “I believe the power to make money is a gift from God…to be developed and used to the best of our ability for the good of mankind” -John D. Rockefeller

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