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Big Business Monkey Business. The Rise of Industry in the United States. Why?. SS.A.5.4.1: The student knows the causes of the Industrial Revolution and its economic, political, and cultural effects on American society. Remember the Big Questions.
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Big BusinessMonkey Business The Rise of Industry in the United States © 2003 BeaconLearningCenter.com
Why? • SS.A.5.4.1: The student knows the causes of the Industrial Revolution and its economic, political, and cultural effects on American society. © 2003 BeaconLearningCenter.com
Remember the Big Questions • Can societies have winners and losers at the same time? • Can societal groups win and lose at the same time? • How are the winners and losers reconciled? © 2003 BeaconLearningCenter.com
Another Question to Consider • Who were the winners and losers in the creation of “Big Businesses?” © 2003 BeaconLearningCenter.com
Before the Civil War • Beginning of industry • Relatively small industrial production • Localized industries • Close to source of power • Close to raw materials © 2003 BeaconLearningCenter.com
Before the Civil War • Limited transportation • Small corporations • Limited labor supply © 2003 BeaconLearningCenter.com
Rise of “Big Business” • The period after the Civil War 1860-1910 • Monopolizing certain industries • Rise of powerful industry leaders or “Robber Barons” © 2003 BeaconLearningCenter.com
Business Organization • Little government regulation • Monopolization of industries • Elimination of competition © 2003 BeaconLearningCenter.com
Focus • Railroads • Steel • Oil • Banking © 2003 BeaconLearningCenter.com
Powerful Industry Leaders • Cornelius Vanderbilt • Andrew Carnegie • John D. Rockefeller • J. P. Morgan © 2003 BeaconLearningCenter.com
Controlling Out-of-Control Industries • The government steps in © 2003 BeaconLearningCenter.com
Your Task • Work with other students. • Present a clear picture of how these industries grew. • Show what government did to address the situation. © 2003 BeaconLearningCenter.com