rise of big business

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AMERICA & THE RISE OF BIG BUSINESS : 

AMERICA & THE RISE OF BIG BUSINESS

THIRST FOR INDUSTRIAL EXPANSION : 

THIRST FOR INDUSTRIAL EXPANSION NO FEAR OF CONSEQUENCES CONTRAST IN WANTS

COALITION OF GROUPS : 

COALITION OF GROUPS PROBLEMS OF POLLUTION , RACE , OVERCROWDING , AND ECONOMIC DISLOCATION EACH GROUP TRIED TO ALTER THE NATIONAL CONCIOUSNESS EACH WAS AFFECTED BY GROUPS TRYING TO BLEND INTO THE MIDDLE CLASS What They had in common

1870 - 1900 … INTEREST GROUPS REACT TO THE EMERGING INDUSTRIAL NATION : 

1870 - 1900 … INTEREST GROUPS REACT TO THE EMERGING INDUSTRIAL NATION AFRICAN-AMERICANS BUSINESS CLASS FARMERS LABOR IMMIGRANTS

END OF THE CIVIL WAR : 

END OF THE CIVIL WAR WAR ALWAYS SPURS ON INDUSTRIAL GROWTH INDUSTRY`S NEEDS DOMINATE OVER THE NEEDS OF GOV`T. $$$ CAME FROM GOV`T. PEOPLE HAD $$$ AND A DEMAND FOR GOODS LABOR SAVING DEVICES

TRANSPORTATION : 

TRANSPORTATION IMPROVED RAIL SYSTEM PULLMAN WESTINGHOUSE

Slide 7: 

The Engineers of Progress

Slide 8: 

Railroads Impact on Economy and Social Fabric Created National Market Mass Production/consumption Economic Specialization Time Zones Modern Stock Holders

Slide 9: 

Corporate Welfare Low Interest loans Land More than 3 times the Homestead Act Poor construction and Corruption

GOV`T. POLICIES : 

GOV`T. POLICIES LAND AND $$$ TO R.R. BUILDERS HIGH TARIFFS NAT`L BANKING SYSTEM =`s STABLE CURRENCY LAISSEZ FAIRE

Slide 11: 

Social Darwinism Herbert Spencer

Slide 12: 

Horatio Alger Myth

Slide 13: 

Robber Barron OR Captain of Industry

Slide 14: 

Andrew Carnegie NET WORTH $ 283 billion

Slide 15: 

The Bessemer Process

Slide 16: 

He spent $350 Million on libraries and schools. Gospel of Wealth

Slide 17: 

Robber Baron

Slide 20: 

John D.Rockefeller “God Gave me Riches”

Slide 21: 

Rockefeller controlled 90% of all refineries Oil Refineries

Slide 22: 

Horizontal monopoly Horizontal monopoly Horizontal monopoly You have total control of one aspect of production, like the refining of oil

Slide 23: 

Cornelius Vanderbilt The commodore Used Pools to consolidate RR Controlled RR in the North East “The Public Be Dammed”

Slide 24: 

JP Morgan The Bankers Banker Helped to Consolidate Rail Roads Bought out Carnegie for $400 Million Turned his company into US Steel the first Billion Dollar Company.

GROWING POPULATION : 

GROWING POPULATION 31 MILLION (1860) … 76 MILLION (1900) WORKERS & CONSUMERS

SOURCES OF POWER : 

SOURCES OF POWER Electricity … Michael Faraday Oil … Edwin Drake

INVENTORS & INVENTIONS : 

INVENTORS & INVENTIONS GOODYEAR HOWE OTIS BURROUGHS EDISON My first DVD player

C0MMUNICATION : 

C0MMUNICATION SAM. MORSE ALEXANDER BELL

RESULTS OF GROWTH : 

RESULTS OF GROWTH NEW PRODUCTS HIGHER LIVING STANDARDS RICH GOT RICHER GROWTH OF CITIES IMPERIALISM ECONOMIC PROBLEMS

Slide 30: 

CONSEQUENCES

NEW TYPES OF BUSINESSES : 

NEW TYPES OF BUSINESSES RISE OF THE CORP. MONOPOLY POOLS TRUSTS HOLDING CO. INTERLOCKING DIRECTORATE MERGER $$$$$$$$$$

CAPTAINS OF INDUSTRY or ROBBER BARRONS ??? : 

CAPTAINS OF INDUSTRY or ROBBER BARRONS ??? OIL … ROCKFELLAR STEEL … CARNEGIE FINANCE … J.P.MORGAN MEAT … SWIFT & ARMOUR FLOUR … PILLSBURY R.R. … VANDERBILT

Slide 33: 

Summary

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