industrialization!!! and business

INDUSTRIALIZATION!!! AND

BUSINESS

Free enterprise, laissez-faire government and

abundant resources caused —

NEW PROSPERITY AND WEALTH, RISE OF FACTORIES, MASS

PRODUCTION, LARGE GAP BETWEEN RICH AND POOR, Led to

growth of industry / corporations / trusts / monopolies

• Entrepreneurs

Andrew W. Carnegie - Gospel of Wealth (philanthropy)

BUILD LIBRARIES AND UNIVERSITIES /STEEL INDUSTRY

John Rockefeller – Standard Oil/

Robber Barons

• List workplace abuses—

LONG HOURS, LOW WAGES, HAZADAROUS CONDITIONS,

CHILD LABOR• Why was this called the Gilded Age?

NEW PROSPERITY COVERED UP THE GROWING PROBLEMS OF URBANIZATION

• What was Social Darwinism?

THE IDEA THAT THE STRONG AND MOST FIT WILL SURVIVE IN SOCIETY

(PEOPLE AND BUSINESSES)

TECHNOLOGY

List at least 5 innovations that significantly

impacted this period.

• BESSEMER PROCESS (STEEL)

• RAILROAD—CONNECTED US

(TRANSCONTINENTAL)

• STEAM ENGINE

• ELECTRICITY, TLELPHONE, ELEVATOR,

SKYSCRAPERS, SEWING MACHINE

How did technology impact businesses?

• IMPROVED PRODUCTION

• MADE GOODS CHEAPER AND MORE

ACCESSIBLE TO THE GROWING

POPULATION

URBANIZATION

Rural to urban - Why did people move?

FARM PROBLEMS CAUSED PEOPLE TO LOOK

FOR NEW OPPORTUNITY WITH FACTORY AND

INDUSTRY JOBS IN CITIES

List at least 5 challenges resulting from rapid

growth.

WASTE MANAGEMENT

POOR SANITAITON

CRIME

OVERCROWDING

TRANSPORTATION

INADEQUATE PUBLIC SERVICES FOR GROWING

POPULATION

IMMIGRATION

• Push factors?

REASONS WHY PEOPLE LEFT COUNTRY (EX. FAMINE)

• Pull factors?

REASONS PEOPLE CAME TO THE UNITED STATES (JOB

OPPORTUNITIES)

• New immigrants from southern/eastern Europe

• What was nativism?

DISLIKE/HATRED TOWARD FOREIGNERS

• Chinese Exclusion Act (1882)—STOPPED CHINESE

IMMIGRATION IN CALIFORNIA (TOOK JOBS)—example

of Nativism

• What was the economic impact?

LOST LABOR FORCE

• Social Gospel –

Christian value that motivated social reform efforts (ex.

Salvation Army)

POLITICAL MACHINES

Who was the famous political boss of Tammany Hall, NYC?

BOSS TWEED

Problems:

-BRIBED IMMIGRANTS FOR VOTES

-CORRUPTION (STEALING MONEY FROM BUILDING_INFRASTRUCTURE

PROJECTS)

Benefits:-

--IMPROVED CITY INFRASTRUCTURE (ROADS, PARKS,

BUILDINGS, BRIDGES)

-- IMMIGRANTS RECEIVED FOOD AND JOBS