The Rise of Industrial America

1
The Rise of Industrial America
2
Which industrialists is most similar to Bill
Gates and why?
3
Railroads Impact on Economy and Social Fabric

• Created National Market
• Mass Production/consumption
• Economic Specialization
• Time Zones
• Modern Stock Holders

4

• Corporate Welfare
• Low Interest loans
• Land More than 3 times the Homestead Act
• Poor construction and Corruption

5

• Transcontinental Rail Road
• Union Pacific
• Chinese workers
• Promontory Point
• Grenville Dodge

6
Adam Smith Wealth of Nations
Laissez-Faire
7
Horatio Alger Myth
8
Andrew Carnegie
9
Carnegie made his money producing steel.
10
The Bessemer Process
11
Henry Clay Frick
Carnegies Plant had many strikes. The most
famous was the homestead strike.
Robber Baron
12
You own every step of the process.
Vertical Intergation
Vertical Intergation
13
Carnegie wrote a book called the gospel of wealth.
14
In his book he said the rich have a
responsibility to society.
15
He spent 350 Million on libraries and schools.
16
Philanthropist
17
Robber Baron
18
Social Darwinism
Herbert Spencer
19
John Rockefeller
God Gave me Riches
20
Oil Refineries
21
Oil needs to be refined before it can be used.
Rockefeller controlled over 90 of the oil
refineries in the U.S.
22
Horizontal monopoly
Horizontal monopoly
Horizontal monopoly
You have total control of one aspect of
production, like the refining of oil
23
Carnegie Hall
24
Rockefeller Center
25
Cornelius Vanderbilt

• The commodore
• Used Pools to consolidate RR
• Controlled RR in the North East
• The Public Be Dammed

26
(No Transcript)
27
JP Morgan

• The Bankers Banker
• Helped to Consolidate Rail Roads
• Bought out Carnegie for 400 Million
• Turned his company into US Steel the first
  Billion Dollar Company.

28
JP Morgan
29
Labor Unions
Better working conditions More money Shorter
hours 8 hour work day More money Limits on child
labor More money
30
National Labor Union 1866
31
How did the Union try achieve their goals
Strike Collective Bargaining Closed Shop Eight
Hour Work Day
32

• How did Industry try to stop Unions
• Lock out
• Blacklists
• Yellow Dog contract
• Private Guards
• Court Injunctions

33
(No Transcript)
34
Knights of Labor
Everyone Welcome
Terrence Powderly
35
Haymarket Square Bombing
36

• Samuel Gompers
• AF of L

• Skilled Workers
• Collective Bargaining

37
Eugene V. Debs
38

• Pullman Strike
• In re Debs
• Pullman Cars attached to mail cars
• Debs sent to jail

39

• In Pairs negotiate a contract in which you
  decide. One student will represent labor the
  other will represent business. (You choose the
  industry)
• Salary
• Vacation
• Medical
• Working conditions
• Specific interest to industry