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Problems of the Industrial Revolution

Problems of the Industrial Revolution. Businesses. Business Owners looking to make as much $ as possible, used strategies like: Vertical Integration – buy all industries needed to make your product so its cheaper to make Ex. Standard Oil, Carnegie Steel

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Problems of the Industrial Revolution

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  1. Problems of the Industrial Revolution

  2. Businesses • Business Owners looking to make as much $ as possible, used strategies like: • Vertical Integration – buy all industries needed to make your product so its cheaper to make • Ex. Standard Oil, Carnegie Steel • Horizontal Integration – Monopolies and Trusts • Ex. Standard Oil • Ruthlessness • Vanderbilt – railroad magnate – said “Cant I do what I want with my own?” • Corruption • Ex. Bribes and discounts for better rates – usually railroads and Standard Oil, Carnegie Steel

  3. No Regulation on Businesses • Monopolies = no competition = price soar • No Regard for wildlife or land preservation • Products made were not always sanitary • Ex. The Jungle

  4. Conditions for Workers • Avg. income of American worker was $400-$500 a year, below the $600 figure considered the minimum for a reasonable level of comfort. • No job security • 10 hours a day, 6 days a week, Steel worked 12 hours a day • Unsafe, unhealthy factories – accidents were frequent/severe, little or no compensation for injuries • Workers had no control over their workplace • Women - $6-8 a week = Avg. women salary $314 a year Avg. Men salary $597 • 1.7 million children under 16 employed in 1900.

  5. HUGE GAP BETWEEN THE POOR AND WEALTHY

  6. The Breakers Mansion, Newport, RI The 70 room Italian Renaissance- style palazzo inspired by the 16th century palaces built for Cornelius Vanderbilt

  7. Built on 11 acres of oceanfront property in Newport, RI

  8. The Breakers Mansion Ballroom

  9. The Breakers Mansion Front Entrance

  10. The Breakers Mansion

  11. Andrew Carnegie’s home on 91st Street in NYC

  12. Andrew Carnegie’s Mansion in New York City

  13. J.P. Morgan’s Home - 231 Madison Avenue at 36th Street

  14. J.P. Morgan’s House

  15. The John D. Rockefeller House was a brownstone built between 1864 and 1865 at 4 West 54th Street in New York City.

  16. The former winter home of John D. Rockefeller in Ormond Beach, Florida

  17. John D. Rockefeller’s Homestead at Forest Hill in Cleveland, OHIO

  18. James J. Hill’s Home in Minnesota

  19. James J. Hill’s Home in Minnesota – Dinning Room

  20. James J. Hill’s Home in Minnesota - Front Entrance

  21. And “How the Other Half Lived”…

  22. Tenements in NYC – Photo taken by Jacob Riis

  23. A Tenement in NYC – Photo taken by Jacob Riis

  24. The only playground equipment the children in this neighborhood had was a cellar door they used as a slide.

  25. Is there anything wrong with these pictures?

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