industrialization!!! and business

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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)

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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