industrialization!!! and business
TRANSCRIPT
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