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EQ: How did industrialization and new technology affect the economy and society? HW: P. 436-444, P. 445 checkpoint, P. 448 checkpoint (second one), critical thinking # 4&5 Do Now: Describe the state of American industry right after the Civil War. Unit 7 Industrialization.
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EQ: How did industrialization and new technology affect the economy and society? HW: P. 436-444, P. 445 checkpoint, P. 448 checkpoint (second one), critical thinking #4&5 Do Now: Describe the state of American industry right after the Civil War Unit 7 Industrialization
I. Industrial Growth • A. Civil War challenges industry • B. Abundance of natural resources • 1. lumber • 2. navigable rivers • 3. oil
C. Workforce expands • 1. immigration • 2. migration • 3. entrepreneurship
D. Free enterprise system • 1. encourage by gov’t • A. laissez-faire • B. protective tariffs
E. Inventions • 1. patents • A. electicity • B. iron – bessemer process • C. suspension bridges • D. railroads • E. communication (telegraph, telephone) • F. mass production
EQ: How did big business shape the American economy in the late 1800s and early 1900s? HW: HW#17 P. 444-448 Answer: P. 445 checkpoint, P. 448 checkpoint (second one), critical thinking #4&5 Do Now: Read the article the US Free Enterprise system and summarize in a paragraph. Unit 7 Industrialization
II. Rise of Big Business • A. Corporation
II. Rise of Big Business • A. Corporation • B. monopoly • C. Cartel • D. Horizontal Integration • 1. Rockefeller Standard Oil • E. Vertical Integration • 2. Carnegie Steel
SOAPS Subject Occasion Audience Purpose Speaker
EQ: How did big business shape the American economy in the late 1800s and early 1900s? HW: HW#1 Finish reading the article & write a persuasive paragraph: Were the wealthy industrialists Robber Barons or Captains of Industry? Do Now: What is a Robber Baron? What is Social Darwinism? Unit 7 Industrialization
EQ: How did big business shape the American economy in the late 1800s and early 1900s? HW: HW#2 P. 450-457 Answer: P. 451 Chkp, P. 454 Chkpt, P. 457 Chkpt, Critical Thinking #5 Do Now: 1. How did Vanderbilt monopolize the Railroads? 2. How did Vanderbilt impact the “new corporation”? 3. How did the 3 other Robber Barons depend on the RR? Unit 7 Industrialization
Robber Barons • Rockefeller - Oil • Carnegie - Steel • Vanderbilt - RR • Morgan - Banking
F. Regulation • 1. Interstate Commerce Commission • A. Attempts to regulate RRs • 2. Sherman Antitrust Act • B. Monopolies illegal
G. Philanthropy • 1. Donated millions to charities • 2. Education • Ex. Libraries, universities
II. Labor Movement • A. Conditions are poor • Sweatshops • B. Labor unions • 1. Knights of Labor – Terence Powderly • 2. American Federation of Labor – Samuel Gompers • Collective Bargaining
C. Strikes • 1. Haymarket Riot • 2. Homestead Strike • 3. Pullman Strike