Impact of Inventions on Industry and Society

1. Bellwork • What are inventors? Which inventions do you think have had the biggest impact on our lives? Why? How does technology affect our lives?

2. The Growth of Industry

3. End of the frontier • Indians pushed into reservations • Wild West is tamed and settled

4. Inventions and Innovations

5. The Expansion of Industry • Iron and steel • Bessemer process

6. Bessemer Process Video

7. Steel • Steel is used for: • Railroads • Plows, reapers, farm tools • Food cans

8. Edison

10. Thomas Edison • Made power plant/light bulb • With electricity factories can work more hours and be anywhere.

11. Other inventions • Typewriter • Telephone (1876) by Alexander Graham Bell

12. "Mr. Watson—Come here—I want to see you"

13. Henry Fords Model T Assembly Line Video

14. The Age of Railroads • 1890=more than 200,000 miles of track • 1888=more than 2,000 railroad workers die and 20,000 are injured. • Built by immigrants (Asians in the West and Irish in the East) also African-Americans • Earn very little

16. Joining the nation • Railroads link the nation together • Travel and industry increases • Time zones are created to keep railroad schedules.

17. Industry grows • Railroads cause industry to grow • George Pullman invents a sleeping car known as a Pullman car

18. Corruption • Railroads were usually corrupt • Charged high prices • Bribed government officials • Made millions through trickery

19. Congress Acts • Congress tries to combat corruption • Congress passes the Interstate Commerce Act to regulate trade • Not strong enough to control the railroads

20. END

21. An Age of Big Business

22. Big Business Emerges • Businesses consolidate into big industries or ________________ • These are run by businessmen who become very wealthy and become known as ___________________.

23. Big Business Emerges • Businesses consolidate into big industries or corporations • These are run by businessmen who become very wealthy and become known as _____________.

24. Big Business Emerges • Businesses consolidate into big industries or corporations • These are run by businessmen who become very wealthy and become known as robber barons.

25. Government practices • Government supported laissez-faire economics • _______________ • Government does very little _________ • Result=very wealthy businesses and lots of corruption and little competition

26. Government practices • Government supported laissez-faire economics • Means hands off • Government does very little _________ • Result=very wealthy businesses and lots of corruption and little competition

27. Government practices • Government supported laissez-faire economics • Means hands off • Government does very little regulation • Result=very wealthy businesses and lots of corruption and little competition

28. Social Darwinism • Idea that the best individuals will succeed • The survival of the _______ • Government should do very little

29. Social Darwinism • Idea that the best individuals will succeed • The survival of the fittest • Government should do very little

30. Robber Barons or Captains of Industry? • Andrew Carnegie • Built a giant steel firm • Bought out competition and provides of raw materials and transportation of his goods • Known as __________ consolidation

31. Robber Barons or Captains of Industry? • Andrew Carnegie • Built a giant steel firm • Bought out competition and provides of raw materials and transportation of his goods • Known as vertical consolidation

32. Vertical consolidation • Buying out companies for ________ of the productive process from raw materials to marketing.

33. Vertical consolidation • Buying out companies for every stage of the productive process from raw materials to marketing.

34. John D. Rockefeller • Another robber baron • Controlled ___________ • Bought other oil companies • This is horizontal consolidation=controlling competition at ________ ___ process of a product.

35. John D. Rockefeller • Another robber baron • Controlled Standard Oil • Bought other oil companies • This is horizontal consolidation=controlling competition at ________ ___ process of a product.

36. John D. Rockefeller • Another robber baron • Controlled Standard Oil • Bought other oil companies • This is horizontal consolidation=controlling competition at one step in the process of a product.

37. Horizontal Integration Vertical Integration

38. Cornelius Vanderbilt: _____ ______________ J. P. Morgan: __________ ______________ Robber barons did philanthropy work (gave money to charities) Other robber barons

39. Cornelius Vanderbilt: RR monopolist J. P. Morgan: __________ ______________ Robber barons did philanthropy work (gave money to charities) Other robber barons

40. Cornelius Vanderbilt: RR monopolist J. P. Morgan: banking monopolist Robber barons did philanthropy work (gave money to charities) Other robber barons

41. Monopolies and trusts • Robber barons created _________ • Where a firm controls _________ _________________ • Also created _____ • Companies agree to work together

42. Monopolies and trusts • Robber barons created monopolies • Where a firm controls _________ _________________ • Also created _____ • Companies agree to work together

43. Monopolies and trusts • Robber barons created monopolies • Where a firm controls all the competition • Also created _____ • Companies agree to work together

44. Monopolies and trusts • Robber barons created monopolies • Where a firm controls all the competition • Also created trusts • Companies agree to work together

45. Sherman Anti-trust Act • Congress passed the Sherman anti-trust act to outlaw ______________ ___________ • Difficult to enforce

46. Sherman Anti-trust Act • Congress passed the Sherman anti-trust act to outlaw trusts and monopolies • Difficult to enforce

47. What’s wrong with this? • What’s wrong with having monopolies and no competition?

48. Lets Review Video

49. End • Finish working on Guided Reading 19-2 front and back (Due Monday)

50. Industrial Workers