Industrialism
Progressing Westward
http://www.youtube.com/watch?v=7Cvofeaj0y0
America Changes
• Big Businesses and Factories
– Faster Production Methods
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Use Natural Resources to Create New Products
Rise In Immigration
Change in Communication Methods
Railroads
Banking Options
The South
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In Debt From Civil War
Fall Behind With Industrialization
Becomes Very Poor
Loses Labor Force (Slaves)
The Factory
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Use of an Assembly Line
Produces Goods Quickly
Poor Working Conditions
Low Wages
Citizens Moved From Farms to Cities
The Train
• Allowed Faster Movement of Citizens
Westward
• Allowed Resources and Goods to Be
Transported Westward
• Rise of Cowboys and Bandits
• Built Primarily By Immigrants From China
The Telephone
• People Could Talk Instantly Without Time
Lapse of Letters
• Pony Express Extinct
• Stagecoach Mail Delivery Dying Out
• Telegram also created faster communication
Banking
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Widespread
Offered Stocks and Bonds to Promote Business
Gave Loans to Many People
Large Economic Growth Led to An Increase in
Wealthy Class
• Fast Money
Fairs
• People Came Far and Wide
• Exhibited New Inventions and Technologies
Baseball
• Becomes America’s Pastime Due to Popularity
America Emerges
• Becomes a World Power
• Pays Little Attention to Defense From Foreign
Threats
Roosevelt’s Big Stick
• America Had The Right to South America
• Vowed to Fight Off Any Countries from the
Eastern Hemisphere
Monopoly
• Rich Business Men Try to Corner
Markets
• Force US to Buy Their Goods
Exclusively
• Gain Too Much Power
http://www.econedlink.org/lessons/i
ndex.php?lid=628&type=educator
(Monopoly Lesson)
John D. Rockefeller
• Oil Barren – Founded Standard Oil Company
• First US Business Trust
• Kerosene and Gasoline Become Important in US
Industries
• World’s Richest Man
• 1st American to Be Worth More $1 Billion
• Regarded As the Richest Person in History
(Inflation)
• Founded Several Colleges
Andrew Carnegie
• Steel Barren
• Born Poor, Gained Wealth from Investing the
US Railroad
• Founded Several Colleges and Libraries
Cornelius Vanderbilt
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Railroad Baron
Founded Vanderbilt University
Married First Cousin – 13 Kids
Initially Worked IN NY Steamboat Industry
– Staten Island Ferry
• Almost Died on Train with John Quincy Adams
aboard
• Worked With Railroad Industries to Transport
Goods By Land and Sea
JP Morgan
• Helped Merge Businesses Together For
Financial Gain
• Leading Financer of Progressive Era
• Led One of the Most Powerful Banks of the
World
John Jacob Astor
• Fur Industry
• First Multi-Millionaire in the US
Charles Schwab
• Shipbuilding and Steel Industry
• Steel Beams
• Led to Skyscrapers