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Industrial Revolution. A Change in the Culture. The first half of the 19 th Century most Americans were farmers or shopkeepers. In the second half of the 19 th Century as new industries grew, more people began to work in factories. Working Conditions.
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A Change in the Culture • The first half of the 19th Century most Americans were farmers or shopkeepers. • In the second half of the 19th Century as new industries grew, more people began to work in factories.
Working Conditions • Factories were hot, sweaty, unpleasant locations. • Children worked in many factories. • Working conditions were often unsafe. • The conditions brought about the rise of labor unions.
Andrew Carnegie • Began a business that built iron bridges. • Found an inexpensive method of converting iron into steel.
Carnegie Castle What wealth will buy you
Monopolies Began • Carnegie bought mining and railroad companies and combined them into one large corporation. • He tried to eliminate competition by purchasing other oil refining companies. • Became known as monopolies since they had little or no competition.
Edwin Drake • Drilled the first oil well near Titusville, Pennsylvania. • Oil became known as “Black Gold” • People flocked to Titusville to try and strike it rich.
John D. Rockefeller • Founded the Standard Oil Company of Ohio. • Purpose was to refine crude petroleum into usable oil • Standard Oil became the most powerful company in the oil business
Rockefeller’s Legacy Rockefeller Center New York City Rockefeller Center Skating Rink
Early Oil Companies • Refined kerosene for lamps • Later produced gasoline to be used in cars.
Corporations • Following the Civil War, companies were growing. • These large companies became corporations. • They were owned by many investors. • Investors would buy stock in the corporation and earn money from their investments.
Fortune Makers • Cornelius Vanderbilt and James J. Hill made fortunes by building and running railroads. • Railroads were important for many industries, especially the meat-packing industry. Cornelius Vanderbilt James J. Hill
Inventions • Many inventions changed people’s lives during this period.
Thomas Edison • Electric light bulb • Phonograph
Alexander Graham Bell • Telephone
George Eastman • Kodak Camera
Henry Ford • Gasoline-powered engines • Ford Cars.