logging in or signing up US History - Rise of Industry Review Game FINAL UPLOAD 2011-2012 bihlerja Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite 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: 48 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: January 26, 2012 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Rise of Industry: Rise of Industry Review Game U.S. HistoryHe is credited with being the first to drill for oil in the United States. drilled first oil well in Pennsylvania, 1859 : 2 He is credited with being the first to drill for oil in the United States. drilled first oil well in Pennsylvania, 1859 Edwin DrakeINVENTED Phonograph, Light bulb, Video Camera, General Electric (GE) over 1,000 patents to his name!: 3 INVENTED Phonograph, Light bulb, Video Camera, General Electric (GE) over 1,000 patents to his name! Thomas EdisonAnother name for oil?? : 4 Another name for oil?? BLACK GOLD!Shift from making goods by hand to making them with machines Shift from human and animal power to steam and electricity RESULT: More goods could be produced faster! : 5 Shift from making goods by hand to making them with machines Shift from human and animal power to steam and electricity RESULT: More goods could be produced faster! Industrial RevolutionHow did high tariffs help American businesses? : 6 How did high tariffs help American businesses? They protected them (made foreign goods higher priced)! He developed the…telephone LED TO: American Telephone & Telegraph Company (AT&T): 7 He developed the…telephone LED TO: American Telephone & Telegraph Company (AT&T) Alexander Graham BellHE DEVELOPED THE… Airbrake (railroads), AC (alternating current), AND early attempts at hydroelectric power : 8 HE DEVELOPED THE… Airbrake (railroads), AC (alternating current), AND early attempts at hydroelectric power George WestinghouseWHAT: Trans-Atlantic telegraph cable, 1858 & 1866 RESULT: Connected U.S. and Europe! : 9 WHAT: Trans-Atlantic telegraph cable, 1858 & 1866 RESULT: Connected U.S. and Europe! Cyrus Fieldtotal value of all goods and services produced by a country: 10 total value of all goods and services produced by a country GNPtaxes on foreign goods used for protection of a countries industries PROBLEM - countries often retaliated : 11 taxes on foreign goods used for protection of a countries industries PROBLEM - countries often retaliated tariffsWhat were the sources of cheap labor in the late 1800s?: 12 What were the sources of cheap labor in the late 1800s? Immigrants, farmers, natural population growthList at least 3 factors that led to the growth of industry! : 13 List at least 3 factors that led to the growth of industry! natural resources new inventions new types of energy improved communications and transportation new business organizations cheap laborList at least one change that occurred after the Civil War in the WEST (last chapter!): 14 List at least one change that occurred after the Civil War in the WEST (last chapter!) Technology increased, mining, ranching, farming, people moved west, Native American’s forced on reservationsWHAT: - “leave it alone” an economic idea! No government interference in business HANDS OFF! - (other than protection) Leave business alone so people can make profits! supply and demand will regulate wages and prices NOT GOVERNMENT!: 15 WHAT: - “leave it alone” an economic idea! No government interference in business HANDS OFF! - (other than protection) Leave business alone so people can make profits! supply and demand will regulate wages and prices NOT GOVERNMENT! “laissez-faire” / FREE ENTERPRISEImpact of new technologies (give 2)??: 16 Impact of new technologies (give 2)?? IMPACT: improved productivity improved communication new industries and productsFAMOUS FOR: Railroad consolidation (New York Central) offered railway service at low rates used steel rail - safer and economical used standard gauge of track (width): 17 FAMOUS FOR: Railroad consolidation (New York Central) offered railway service at low rates used steel rail - safer and economical used standard gauge of track (width) Cornelius VanderbiltCreated to make rail service safer and more reliable : 18 Created to make rail service safer and more reliable Time zonesCompany that laid track for the Transcontinental Railroad, it started in Sacramento , CA and headed eastward? Leland Stanford – ex-governor of California helped organize it Used Chinese laborers – 6,000 (many died): 19 Company that laid track for the Transcontinental Railroad, it started in Sacramento , CA and headed eastward? Leland Stanford – ex-governor of California helped organize it Used Chinese laborers – 6,000 (many died) Central Pacific RailroadHead of the Union Pacific (Nebraska to California) corporation? : 20 Head of the Union Pacific (Nebraska to California) corporation? Grenville DodgeScandalous company created by Union Pacific railroad insiders, it distributed shares of its stock to congressmen to avoid detection? : 21 Scandalous company created by Union Pacific railroad insiders, it distributed shares of its stock to congressmen to avoid detection? Credit MobilierThe Central Pacific Railroad paid 10,000 workers from _________ about $1.00 a day because of a shortage of labor in California (over 6,000 died working on the railroads)?: 22 The Central Pacific Railroad paid 10,000 workers from _________ about $1.00 a day because of a shortage of labor in California (over 6,000 died working on the railroads)? ChinaFormer governor of California, he was one of the chief financial backers of the California end of the Central Pacific railroad. He drove a ceremonial spike through the "wedding of the rails" near Promontory Point on May 10, 1869. : 23 Former governor of California, he was one of the chief financial backers of the California end of the Central Pacific railroad. He drove a ceremonial spike through the "wedding of the rails" near Promontory Point on May 10, 1869. Leland StanfordList at least 2 effects of the Transcontinental Railroad?: 24 List at least 2 effects of the Transcontinental Railroad? EFFECT: Tied west coast to the Union and Asian trade Railroads allowed for towns to boom Major growth in the west Reduced shipping costsStarted in 1862…finished in 1869 it combined 2 lines and dramatically changed the U.S. (from 5 months to about 8 days! – NY to California) : 25 Started in 1862…finished in 1869 it combined 2 lines and dramatically changed the U.S. (from 5 months to about 8 days! – NY to California) Transcontinental Railroad Company that laid track for the Transcontinental Railroad, it started in Omaha, Nebraska and moved westward? Irish “Paddies” helped lay track: 26 Company that laid track for the Transcontinental Railroad, it started in Omaha, Nebraska and moved westward? Irish “Paddies” helped lay track Union Pacific RailroadThis invention helped railroads become much safer?: 27 This invention helped railroads become much safer? Airbrake1862 legislation to encourage the construction of a transcontinental railroad. Connecting the West to industries in the Northeast (Union Pacific and Central Pacific) : 28 1862 legislation to encourage the construction of a transcontinental railroad. Connecting the West to industries in the Northeast (Union Pacific and Central Pacific) Pacific Railway ActType of Consolidation/integration? one company allies itself with other companies in the same industry to control that industry: 29 Type of Consolidation/integration? one company allies itself with other companies in the same industry to control that industry Horizontal consolidation/integration When one company controls an entire industry?: 30 When one company controls an entire industry? MONOPOLYbusiness organization meant to control act like a monopoly One company controls the stock of a majority of other companies in the same industry That one company then makes all decisions for that industry: 31 business organization meant to control act like a monopoly One company controls the stock of a majority of other companies in the same industry That one company then makes all decisions for that industry TRUSTSName some use for the following?... Built their fortunes by stealing from the public Drained natural resources, Abused and mistreated workers Rockefeller, Vanderbilt, Carnegie, etc : 32 Name some use for the following?... Built their fortunes by stealing from the public Drained natural resources, Abused and mistreated workers Rockefeller, Vanderbilt, Carnegie, etc ROBBER BARONScombined all phases of manufacturing a product from start to finish mine the ore, ship the ore in his ships, deliver the ore on his railroads, turn the iron ore into steel EXAMPLE – Carnegie Steel : 33 combined all phases of manufacturing a product from start to finish mine the ore, ship the ore in his ships, deliver the ore on his railroads, turn the iron ore into steel EXAMPLE – Carnegie Steel Vertical consolidation/integrationWHAT: organization of workers seeking to improve their wages, working conditions, and benefits? : 34 WHAT: organization of workers seeking to improve their wages, working conditions, and benefits? UnionsWHAT: Trust He formed an oil trust when smaller oil companies turned over their stock to the board of directors of Standard Oil Business Model: Horizontal consolidation one company allies itself with other companies in the same industry to control that industry LATER LIFE: Became a philanthropist : 35 WHAT: Trust He formed an oil trust when smaller oil companies turned over their stock to the board of directors of Standard Oil Business Model: Horizontal consolidation one company allies itself with other companies in the same industry to control that industry LATER LIFE: Became a philanthropist John D. RockefellerWHAT: Chemical monopoly that controlled…Explosives, Gun powder, Dynamite: 36 WHAT: Chemical monopoly that controlled…Explosives, Gun powder, Dynamite DUPONT CHEMICALSPoor boy from Scotland, made a $1.20 a week Largest steel maker, produced ¼ of nations steel, Company brought in $40 million a year, he got 25 million! Business model: - Vertical consolidation LATER LIFE: became a philanthropist and gave millions of dollars away Sold his company to J.P. Morgan in 1900 for $400 million Gospel of Wealth Libraries (over 2,500) : 37 Poor boy from Scotland, made a $1.20 a week Largest steel maker, produced ¼ of nations steel, Company brought in $40 million a year, he got 25 million! Business model: - Vertical consolidation LATER LIFE: became a philanthropist and gave millions of dollars away Sold his company to J.P. Morgan in 1900 for $400 million Gospel of Wealth Libraries (over 2,500) Andrew CarnegieName the big business… George Pullman?: 38 Name the big business… George Pullman? Pullman sleeping car for railroadsList at least 2 tactics used against unions? : 39 List at least 2 tactics used against unions? Scabs Lockouts Blacklists Yellow dog contracts Pinkertons Court injunctions(1886) Labor violence in Chicago over McCormick Harvester plant, a bomb killed 7 police officers RESULT: Knights of Labor blamed and lost membership: 40 (1886) Labor violence in Chicago over McCormick Harvester plant, a bomb killed 7 police officers RESULT: Knights of Labor blamed and lost membership Haymarket Square Incident1877… It was caused by a wage cut and it shut down 2/3 of railroads, Rutherford B. Hayes sent in federal troops to end the strike resulting in over 100 dead?: 41 1877… It was caused by a wage cut and it shut down 2/3 of railroads, Rutherford B. Hayes sent in federal troops to end the strike resulting in over 100 dead? Great Railroad Strike (1877)Name the big business… Milton Hershey?: 42 Name the big business… Milton Hershey? ChocolateWhat were working conditions like for workers in the late 1800s? Provide 2 examples…: 43 What were working conditions like for workers in the late 1800s? Provide 2 examples… PROBLEMS: Terrible conditions long hours, low pay, dangerous working conditions, few safety mechanisms, no health care or benefitLed by Samuel Gompers skilled workers only wanted higher wages and improved working conditions used strikes, collective bargaining, and closed shops (Businesses who could only employ unionized labor) : 44 Led by Samuel Gompers skilled workers only wanted higher wages and improved working conditions used strikes, collective bargaining, and closed shops (Businesses who could only employ unionized labor) American Federation of Labor (1886)Carnegie Steel plant near Pittsburgh Henry Frick (manager) cut wages by 20 percent in 1892. Frick used lockout, Pinkertons, and scabs to break the strike, major setback for union movement?: 45 Carnegie Steel plant near Pittsburgh Henry Frick (manager) cut wages by 20 percent in 1892. Frick used lockout, Pinkertons, and scabs to break the strike, major setback for union movement? Homestead Strike (1892)Name some use for the following?... Helped make the country better Built businesses, Provided jobs, Founded museums and universities Rockefeller, Vanderbilt, Carnegie, etc : 46 Name some use for the following?... Helped make the country better Built businesses, Provided jobs, Founded museums and universities Rockefeller, Vanderbilt, Carnegie, etc CAPTAINS OF INDUSTRY1894 wage cuts and firing of workers who attempted to bargain workers went on strike, and railroad owners linked ____________ Palace cars to mail trains It was ended by a federal court injunction!: 47 1894 wage cuts and firing of workers who attempted to bargain workers went on strike, and railroad owners linked ____________ Palace cars to mail trains It was ended by a federal court injunction! Pullman Strike (1894)Name the big business… Gustavus F. Swift and Philip Armour? : 48 Name the big business… Gustavus F. Swift and Philip Armour? meat packing/processingWHAT: business owned by many investors (stockholders) who buy shares of stock and risk only the amount of their investment. WHY: Businesses are expensive to start and maintain! Reduce the potential loss if a business fails!: 49 WHAT: business owned by many investors (stockholders) who buy shares of stock and risk only the amount of their investment. WHY: Businesses are expensive to start and maintain! Reduce the potential loss if a business fails! CorporationsA new process to make steel removed impurities from iron by shooting hot air through it! lighter, stronger, cheaper steel! It mass production possible : 50 A new process to make steel removed impurities from iron by shooting hot air through it! lighter, stronger, cheaper steel! It mass production possible Bessemer ProcessWHAT: wealthy Wall Street banker purchased Andrew Carnegie’s steel company for nearly $400 million used it to form the U.S. Steel Corporation in 1901. First billion dollar corporation (1.4 billion) : 51 WHAT: wealthy Wall Street banker purchased Andrew Carnegie’s steel company for nearly $400 million used it to form the U.S. Steel Corporation in 1901. First billion dollar corporation (1.4 billion) J. P. MorganName the big business… Cyrus McCormick ?: 52 Name the big business… Cyrus McCormick ? mechanical reapersLed by Terence Powderly Included African Americans and women Used boycotts and arbitration (negotiating with help): 53 Led by Terence Powderly Included African Americans and women Used boycotts and arbitration (negotiating with help) Knights of Labor (1869) You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
US History - Rise of Industry Review Game FINAL UPLOAD 2011-2012 bihlerja Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite 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: 48 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: January 26, 2012 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Rise of Industry: Rise of Industry Review Game U.S. HistoryHe is credited with being the first to drill for oil in the United States. drilled first oil well in Pennsylvania, 1859 : 2 He is credited with being the first to drill for oil in the United States. drilled first oil well in Pennsylvania, 1859 Edwin DrakeINVENTED Phonograph, Light bulb, Video Camera, General Electric (GE) over 1,000 patents to his name!: 3 INVENTED Phonograph, Light bulb, Video Camera, General Electric (GE) over 1,000 patents to his name! Thomas EdisonAnother name for oil?? : 4 Another name for oil?? BLACK GOLD!Shift from making goods by hand to making them with machines Shift from human and animal power to steam and electricity RESULT: More goods could be produced faster! : 5 Shift from making goods by hand to making them with machines Shift from human and animal power to steam and electricity RESULT: More goods could be produced faster! Industrial RevolutionHow did high tariffs help American businesses? : 6 How did high tariffs help American businesses? They protected them (made foreign goods higher priced)! He developed the…telephone LED TO: American Telephone & Telegraph Company (AT&T): 7 He developed the…telephone LED TO: American Telephone & Telegraph Company (AT&T) Alexander Graham BellHE DEVELOPED THE… Airbrake (railroads), AC (alternating current), AND early attempts at hydroelectric power : 8 HE DEVELOPED THE… Airbrake (railroads), AC (alternating current), AND early attempts at hydroelectric power George WestinghouseWHAT: Trans-Atlantic telegraph cable, 1858 & 1866 RESULT: Connected U.S. and Europe! : 9 WHAT: Trans-Atlantic telegraph cable, 1858 & 1866 RESULT: Connected U.S. and Europe! Cyrus Fieldtotal value of all goods and services produced by a country: 10 total value of all goods and services produced by a country GNPtaxes on foreign goods used for protection of a countries industries PROBLEM - countries often retaliated : 11 taxes on foreign goods used for protection of a countries industries PROBLEM - countries often retaliated tariffsWhat were the sources of cheap labor in the late 1800s?: 12 What were the sources of cheap labor in the late 1800s? Immigrants, farmers, natural population growthList at least 3 factors that led to the growth of industry! : 13 List at least 3 factors that led to the growth of industry! natural resources new inventions new types of energy improved communications and transportation new business organizations cheap laborList at least one change that occurred after the Civil War in the WEST (last chapter!): 14 List at least one change that occurred after the Civil War in the WEST (last chapter!) Technology increased, mining, ranching, farming, people moved west, Native American’s forced on reservationsWHAT: - “leave it alone” an economic idea! No government interference in business HANDS OFF! - (other than protection) Leave business alone so people can make profits! supply and demand will regulate wages and prices NOT GOVERNMENT!: 15 WHAT: - “leave it alone” an economic idea! No government interference in business HANDS OFF! - (other than protection) Leave business alone so people can make profits! supply and demand will regulate wages and prices NOT GOVERNMENT! “laissez-faire” / FREE ENTERPRISEImpact of new technologies (give 2)??: 16 Impact of new technologies (give 2)?? IMPACT: improved productivity improved communication new industries and productsFAMOUS FOR: Railroad consolidation (New York Central) offered railway service at low rates used steel rail - safer and economical used standard gauge of track (width): 17 FAMOUS FOR: Railroad consolidation (New York Central) offered railway service at low rates used steel rail - safer and economical used standard gauge of track (width) Cornelius VanderbiltCreated to make rail service safer and more reliable : 18 Created to make rail service safer and more reliable Time zonesCompany that laid track for the Transcontinental Railroad, it started in Sacramento , CA and headed eastward? Leland Stanford – ex-governor of California helped organize it Used Chinese laborers – 6,000 (many died): 19 Company that laid track for the Transcontinental Railroad, it started in Sacramento , CA and headed eastward? Leland Stanford – ex-governor of California helped organize it Used Chinese laborers – 6,000 (many died) Central Pacific RailroadHead of the Union Pacific (Nebraska to California) corporation? : 20 Head of the Union Pacific (Nebraska to California) corporation? Grenville DodgeScandalous company created by Union Pacific railroad insiders, it distributed shares of its stock to congressmen to avoid detection? : 21 Scandalous company created by Union Pacific railroad insiders, it distributed shares of its stock to congressmen to avoid detection? Credit MobilierThe Central Pacific Railroad paid 10,000 workers from _________ about $1.00 a day because of a shortage of labor in California (over 6,000 died working on the railroads)?: 22 The Central Pacific Railroad paid 10,000 workers from _________ about $1.00 a day because of a shortage of labor in California (over 6,000 died working on the railroads)? ChinaFormer governor of California, he was one of the chief financial backers of the California end of the Central Pacific railroad. He drove a ceremonial spike through the "wedding of the rails" near Promontory Point on May 10, 1869. : 23 Former governor of California, he was one of the chief financial backers of the California end of the Central Pacific railroad. He drove a ceremonial spike through the "wedding of the rails" near Promontory Point on May 10, 1869. Leland StanfordList at least 2 effects of the Transcontinental Railroad?: 24 List at least 2 effects of the Transcontinental Railroad? EFFECT: Tied west coast to the Union and Asian trade Railroads allowed for towns to boom Major growth in the west Reduced shipping costsStarted in 1862…finished in 1869 it combined 2 lines and dramatically changed the U.S. (from 5 months to about 8 days! – NY to California) : 25 Started in 1862…finished in 1869 it combined 2 lines and dramatically changed the U.S. (from 5 months to about 8 days! – NY to California) Transcontinental Railroad Company that laid track for the Transcontinental Railroad, it started in Omaha, Nebraska and moved westward? Irish “Paddies” helped lay track: 26 Company that laid track for the Transcontinental Railroad, it started in Omaha, Nebraska and moved westward? Irish “Paddies” helped lay track Union Pacific RailroadThis invention helped railroads become much safer?: 27 This invention helped railroads become much safer? Airbrake1862 legislation to encourage the construction of a transcontinental railroad. Connecting the West to industries in the Northeast (Union Pacific and Central Pacific) : 28 1862 legislation to encourage the construction of a transcontinental railroad. Connecting the West to industries in the Northeast (Union Pacific and Central Pacific) Pacific Railway ActType of Consolidation/integration? one company allies itself with other companies in the same industry to control that industry: 29 Type of Consolidation/integration? one company allies itself with other companies in the same industry to control that industry Horizontal consolidation/integration When one company controls an entire industry?: 30 When one company controls an entire industry? MONOPOLYbusiness organization meant to control act like a monopoly One company controls the stock of a majority of other companies in the same industry That one company then makes all decisions for that industry: 31 business organization meant to control act like a monopoly One company controls the stock of a majority of other companies in the same industry That one company then makes all decisions for that industry TRUSTSName some use for the following?... Built their fortunes by stealing from the public Drained natural resources, Abused and mistreated workers Rockefeller, Vanderbilt, Carnegie, etc : 32 Name some use for the following?... Built their fortunes by stealing from the public Drained natural resources, Abused and mistreated workers Rockefeller, Vanderbilt, Carnegie, etc ROBBER BARONScombined all phases of manufacturing a product from start to finish mine the ore, ship the ore in his ships, deliver the ore on his railroads, turn the iron ore into steel EXAMPLE – Carnegie Steel : 33 combined all phases of manufacturing a product from start to finish mine the ore, ship the ore in his ships, deliver the ore on his railroads, turn the iron ore into steel EXAMPLE – Carnegie Steel Vertical consolidation/integrationWHAT: organization of workers seeking to improve their wages, working conditions, and benefits? : 34 WHAT: organization of workers seeking to improve their wages, working conditions, and benefits? UnionsWHAT: Trust He formed an oil trust when smaller oil companies turned over their stock to the board of directors of Standard Oil Business Model: Horizontal consolidation one company allies itself with other companies in the same industry to control that industry LATER LIFE: Became a philanthropist : 35 WHAT: Trust He formed an oil trust when smaller oil companies turned over their stock to the board of directors of Standard Oil Business Model: Horizontal consolidation one company allies itself with other companies in the same industry to control that industry LATER LIFE: Became a philanthropist John D. RockefellerWHAT: Chemical monopoly that controlled…Explosives, Gun powder, Dynamite: 36 WHAT: Chemical monopoly that controlled…Explosives, Gun powder, Dynamite DUPONT CHEMICALSPoor boy from Scotland, made a $1.20 a week Largest steel maker, produced ¼ of nations steel, Company brought in $40 million a year, he got 25 million! Business model: - Vertical consolidation LATER LIFE: became a philanthropist and gave millions of dollars away Sold his company to J.P. Morgan in 1900 for $400 million Gospel of Wealth Libraries (over 2,500) : 37 Poor boy from Scotland, made a $1.20 a week Largest steel maker, produced ¼ of nations steel, Company brought in $40 million a year, he got 25 million! Business model: - Vertical consolidation LATER LIFE: became a philanthropist and gave millions of dollars away Sold his company to J.P. Morgan in 1900 for $400 million Gospel of Wealth Libraries (over 2,500) Andrew CarnegieName the big business… George Pullman?: 38 Name the big business… George Pullman? Pullman sleeping car for railroadsList at least 2 tactics used against unions? : 39 List at least 2 tactics used against unions? Scabs Lockouts Blacklists Yellow dog contracts Pinkertons Court injunctions(1886) Labor violence in Chicago over McCormick Harvester plant, a bomb killed 7 police officers RESULT: Knights of Labor blamed and lost membership: 40 (1886) Labor violence in Chicago over McCormick Harvester plant, a bomb killed 7 police officers RESULT: Knights of Labor blamed and lost membership Haymarket Square Incident1877… It was caused by a wage cut and it shut down 2/3 of railroads, Rutherford B. Hayes sent in federal troops to end the strike resulting in over 100 dead?: 41 1877… It was caused by a wage cut and it shut down 2/3 of railroads, Rutherford B. Hayes sent in federal troops to end the strike resulting in over 100 dead? Great Railroad Strike (1877)Name the big business… Milton Hershey?: 42 Name the big business… Milton Hershey? ChocolateWhat were working conditions like for workers in the late 1800s? Provide 2 examples…: 43 What were working conditions like for workers in the late 1800s? Provide 2 examples… PROBLEMS: Terrible conditions long hours, low pay, dangerous working conditions, few safety mechanisms, no health care or benefitLed by Samuel Gompers skilled workers only wanted higher wages and improved working conditions used strikes, collective bargaining, and closed shops (Businesses who could only employ unionized labor) : 44 Led by Samuel Gompers skilled workers only wanted higher wages and improved working conditions used strikes, collective bargaining, and closed shops (Businesses who could only employ unionized labor) American Federation of Labor (1886)Carnegie Steel plant near Pittsburgh Henry Frick (manager) cut wages by 20 percent in 1892. Frick used lockout, Pinkertons, and scabs to break the strike, major setback for union movement?: 45 Carnegie Steel plant near Pittsburgh Henry Frick (manager) cut wages by 20 percent in 1892. Frick used lockout, Pinkertons, and scabs to break the strike, major setback for union movement? Homestead Strike (1892)Name some use for the following?... Helped make the country better Built businesses, Provided jobs, Founded museums and universities Rockefeller, Vanderbilt, Carnegie, etc : 46 Name some use for the following?... Helped make the country better Built businesses, Provided jobs, Founded museums and universities Rockefeller, Vanderbilt, Carnegie, etc CAPTAINS OF INDUSTRY1894 wage cuts and firing of workers who attempted to bargain workers went on strike, and railroad owners linked ____________ Palace cars to mail trains It was ended by a federal court injunction!: 47 1894 wage cuts and firing of workers who attempted to bargain workers went on strike, and railroad owners linked ____________ Palace cars to mail trains It was ended by a federal court injunction! Pullman Strike (1894)Name the big business… Gustavus F. Swift and Philip Armour? : 48 Name the big business… Gustavus F. Swift and Philip Armour? meat packing/processingWHAT: business owned by many investors (stockholders) who buy shares of stock and risk only the amount of their investment. WHY: Businesses are expensive to start and maintain! Reduce the potential loss if a business fails!: 49 WHAT: business owned by many investors (stockholders) who buy shares of stock and risk only the amount of their investment. WHY: Businesses are expensive to start and maintain! Reduce the potential loss if a business fails! CorporationsA new process to make steel removed impurities from iron by shooting hot air through it! lighter, stronger, cheaper steel! It mass production possible : 50 A new process to make steel removed impurities from iron by shooting hot air through it! lighter, stronger, cheaper steel! It mass production possible Bessemer ProcessWHAT: wealthy Wall Street banker purchased Andrew Carnegie’s steel company for nearly $400 million used it to form the U.S. Steel Corporation in 1901. First billion dollar corporation (1.4 billion) : 51 WHAT: wealthy Wall Street banker purchased Andrew Carnegie’s steel company for nearly $400 million used it to form the U.S. Steel Corporation in 1901. First billion dollar corporation (1.4 billion) J. P. MorganName the big business… Cyrus McCormick ?: 52 Name the big business… Cyrus McCormick ? mechanical reapersLed by Terence Powderly Included African Americans and women Used boycotts and arbitration (negotiating with help): 53 Led by Terence Powderly Included African Americans and women Used boycotts and arbitration (negotiating with help) Knights of Labor (1869)