logging in or signing up RiseofBigBusiness Lindon Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 335 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: February 27, 2008 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... By: 777888999 (36 month(s) ago) Would you allow me to download this presentation? :( I will be very grateful Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript Slide1: By: Ms. Susan M. Pojer Horace Greeley HS Chappaqua, NYEssential Question: Essential Question Industrialization increased the standard of living and the opportunities of most Americans, but at what cost?Causes of Rapid Industrialization: Causes of Rapid Industrialization Steam Revolution of the 1830s-1850s. The Railroad fueled the growing US economy: First big business in the US. A magnet for financial investment. The key to opening the West. Aided the development of other industries.Causes of Rapid Industrialization: Causes of Rapid Industrialization Technological innovations. Bessemer and open hearth process Refrigerated cars Edison “Wizard of Menlo Park” light bulb, phonograph, motion pictures.Thomas Alva Edison: Thomas Alva Edison “Wizard of Menlo Park” The Light Bulb: The Light BulbThe Phonograph (1877): The Phonograph (1877)The Ediphone or Dictaphone: The Ediphone or DictaphoneThe Motion Picture Camera: The Motion Picture CameraAlexander Graham Bell: Alexander Graham Bell Telephone (1876)Alternate Current: Alternate Current George WestinghouseAlternate Current: Alternate Current Westinghouse Lamp adThe Airplane: The Airplane Wilbur Wright Orville Wright Kitty Hawk, NC – December 7, 1903Model T Automobile: Model T Automobile Henry Ford I want to pay my workers so that they can afford my product!“Model T” Prices & Sales: “Model T” Prices & SalesU. S. Patents Granted: U. S. Patents Granted 1790s 276 patents issued. 1990s 1,119,220 patents issued. Causes of Rapid Industrialization: Unskilled & semi-skilled labor in abundance. Abundant capital. New, talented group of businessmen [entrepreneurs] and advisors. Market growing as US population increased. Government willing to help at all levels to stimulate economic growth. Abundant natural resources. Causes of Rapid IndustrializationNew Business Culture: New Business Culture Laissez Faire the ideology of the Industrial Age. Individual as a moral and economic ideal. Individuals should compete freely in the marketplace. The market was not man-made or invented. No room for government in the market!2. Social Darwinism: 2. Social Darwinism British economist. Advocate of laissez-faire. Adapted Darwin’s ideas from the “Origin of Species” to humans. Notion of “Survival of the Fittest.” Herbert Spencer2. Social Darwinism in America: 2. Social Darwinism in America William Graham Sumner Folkways (1906) Individuals must have absolute freedom to struggle, succeed or fail. Therefore, state intervention to reward society and the economy is futile!New Business Culture: “The American Dream?”: New Business Culture: “The American Dream?” Protestant (Puritan) “Work Ethic” Horatio Alger [100+ novels] Is the idea of the “self-made man” a MYTH??New Type of Business Entities: New Type of Business Entities Pool 1887 Interstate Commerce Act Interstate Commerce Commission created. Trust John D. Rockefeller Standard Oil Co.Standard Oil Co.: Standard Oil Co.New Type of Business Entities: New Type of Business Entities Trust: Horizontal Integration John D. Rockefeller Vertical Integration: Gustavus Swift Meat-packing Andrew Carnegie U. S. SteelIron & Steel Production: Iron & Steel ProductionNew Type of Business Entities: New Type of Business EntitiesU. S. Corporate Mergers: U. S. Corporate MergersNew Financial Businessman: New Financial Businessman The Broker: J. Pierpont MorganWall Street – 1867 & 1900: Wall Street – 1867 & 1900The Reorganization of Work: The Reorganization of Work Frederick W. Taylor The Principles of Scientific Management (1911)The Reorganization of Work: The Reorganization of Work The Assembly Line% of Billionaires in 1900: % of Billionaires in 1900% of Billionaires in 1918: % of Billionaires in 1918The Protectors of Our Industries: The Protectors of Our IndustriesThe ‘Bosses’ of the Senate: The ‘Bosses’ of the SenateThe ‘Robber Barons’ of the Past: The ‘Robber Barons’ of the PastCornelius [“Commodore”] Vanderbilt: Cornelius [“Commodore”] Vanderbilt Can’t I do what I want with my money?William Vanderbilt: William Vanderbilt The public be damned! What do I care about the law? H’aint I got the power?The Gospel of Wealth: Religion in the Era of Industrialization: The Gospel of Wealth: Religion in the Era of Industrialization Russell H. Conwell Wealth no longer looked upon as bad. Viewed as a sign of God’s approval. Christian duty to accumulate wealth. Should not help the poor.“On Wealth”: “On Wealth” Andrew Carnegie The Anglo-Saxon race is superior. “Gospel of Wealth” (1901). Inequality is inevitable and good. Wealthy should act as “trustees” for their “poorer brethren.”Regulating the Trusts: Regulating the Trusts 1877 Munn. v. IL 1886 Wabash, St. Louis & Pacific Railroad Company v. IL 1890 Sherman Antitrust Act in “restraint of trade” “rule of reason” loophole 1895 US v. E. C. Knight Co. Relative Share of World Manufacturing: Relative Share of World ManufacturingModern ‘Robber Barons’??: Modern ‘Robber Barons’?? You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
RiseofBigBusiness Lindon Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 335 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: February 27, 2008 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... By: 777888999 (36 month(s) ago) Would you allow me to download this presentation? :( I will be very grateful Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript Slide1: By: Ms. Susan M. Pojer Horace Greeley HS Chappaqua, NYEssential Question: Essential Question Industrialization increased the standard of living and the opportunities of most Americans, but at what cost?Causes of Rapid Industrialization: Causes of Rapid Industrialization Steam Revolution of the 1830s-1850s. The Railroad fueled the growing US economy: First big business in the US. A magnet for financial investment. The key to opening the West. Aided the development of other industries.Causes of Rapid Industrialization: Causes of Rapid Industrialization Technological innovations. Bessemer and open hearth process Refrigerated cars Edison “Wizard of Menlo Park” light bulb, phonograph, motion pictures.Thomas Alva Edison: Thomas Alva Edison “Wizard of Menlo Park” The Light Bulb: The Light BulbThe Phonograph (1877): The Phonograph (1877)The Ediphone or Dictaphone: The Ediphone or DictaphoneThe Motion Picture Camera: The Motion Picture CameraAlexander Graham Bell: Alexander Graham Bell Telephone (1876)Alternate Current: Alternate Current George WestinghouseAlternate Current: Alternate Current Westinghouse Lamp adThe Airplane: The Airplane Wilbur Wright Orville Wright Kitty Hawk, NC – December 7, 1903Model T Automobile: Model T Automobile Henry Ford I want to pay my workers so that they can afford my product!“Model T” Prices & Sales: “Model T” Prices & SalesU. S. Patents Granted: U. S. Patents Granted 1790s 276 patents issued. 1990s 1,119,220 patents issued. Causes of Rapid Industrialization: Unskilled & semi-skilled labor in abundance. Abundant capital. New, talented group of businessmen [entrepreneurs] and advisors. Market growing as US population increased. Government willing to help at all levels to stimulate economic growth. Abundant natural resources. Causes of Rapid IndustrializationNew Business Culture: New Business Culture Laissez Faire the ideology of the Industrial Age. Individual as a moral and economic ideal. Individuals should compete freely in the marketplace. The market was not man-made or invented. No room for government in the market!2. Social Darwinism: 2. Social Darwinism British economist. Advocate of laissez-faire. Adapted Darwin’s ideas from the “Origin of Species” to humans. Notion of “Survival of the Fittest.” Herbert Spencer2. Social Darwinism in America: 2. Social Darwinism in America William Graham Sumner Folkways (1906) Individuals must have absolute freedom to struggle, succeed or fail. Therefore, state intervention to reward society and the economy is futile!New Business Culture: “The American Dream?”: New Business Culture: “The American Dream?” Protestant (Puritan) “Work Ethic” Horatio Alger [100+ novels] Is the idea of the “self-made man” a MYTH??New Type of Business Entities: New Type of Business Entities Pool 1887 Interstate Commerce Act Interstate Commerce Commission created. Trust John D. Rockefeller Standard Oil Co.Standard Oil Co.: Standard Oil Co.New Type of Business Entities: New Type of Business Entities Trust: Horizontal Integration John D. Rockefeller Vertical Integration: Gustavus Swift Meat-packing Andrew Carnegie U. S. SteelIron & Steel Production: Iron & Steel ProductionNew Type of Business Entities: New Type of Business EntitiesU. S. Corporate Mergers: U. S. Corporate MergersNew Financial Businessman: New Financial Businessman The Broker: J. Pierpont MorganWall Street – 1867 & 1900: Wall Street – 1867 & 1900The Reorganization of Work: The Reorganization of Work Frederick W. Taylor The Principles of Scientific Management (1911)The Reorganization of Work: The Reorganization of Work The Assembly Line% of Billionaires in 1900: % of Billionaires in 1900% of Billionaires in 1918: % of Billionaires in 1918The Protectors of Our Industries: The Protectors of Our IndustriesThe ‘Bosses’ of the Senate: The ‘Bosses’ of the SenateThe ‘Robber Barons’ of the Past: The ‘Robber Barons’ of the PastCornelius [“Commodore”] Vanderbilt: Cornelius [“Commodore”] Vanderbilt Can’t I do what I want with my money?William Vanderbilt: William Vanderbilt The public be damned! What do I care about the law? H’aint I got the power?The Gospel of Wealth: Religion in the Era of Industrialization: The Gospel of Wealth: Religion in the Era of Industrialization Russell H. Conwell Wealth no longer looked upon as bad. Viewed as a sign of God’s approval. Christian duty to accumulate wealth. Should not help the poor.“On Wealth”: “On Wealth” Andrew Carnegie The Anglo-Saxon race is superior. “Gospel of Wealth” (1901). Inequality is inevitable and good. Wealthy should act as “trustees” for their “poorer brethren.”Regulating the Trusts: Regulating the Trusts 1877 Munn. v. IL 1886 Wabash, St. Louis & Pacific Railroad Company v. IL 1890 Sherman Antitrust Act in “restraint of trade” “rule of reason” loophole 1895 US v. E. C. Knight Co. Relative Share of World Manufacturing: Relative Share of World ManufacturingModern ‘Robber Barons’??: Modern ‘Robber Barons’??