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