INDUSTRY What is industry? Between 1865 and 1914, the United States went from an agricultural society to an industrial society. Factors: natural resources, large workforce, innovation, and free enterprise. http://www.old-picture.com/united-stateshistory-1900s---1930s/mining-scenes-Coal.htm BLACK GOLD Edwin Drake uses a steam engine to drill for oil. Before the auto industry, oil was used to make kerosene. http://media.treehugger.com/assets/images/ 2011/10/edwin-drake.jpg DRAKE’S OIL WELL http://media.treehugger.com/assets/images/ 2011/10/edwin-drake.jpg IRON TO STEEL The Bessemer converter is a large scale, oven-like mechanism used to purify iron ore The Bessemer converter turns crude iron ore into high grade steel by introducing large amounts of oxygen to molten iron. http://en.wikipedia.org/wiki/Bessemer_process INNOVATIONS & INVENTIONS Technology was important for growth. Technological innovations paved the way for new industries Innovations helped connect the world. http://www.americaslibrary.gov/jb/recon/jb_recon_ telephone_1.html FREE ENTERPRISE What is laissezfaireism? The late 1800’s saw low taxes, low regulation, and low government intervention High tariffs on foreign goods. How did an abundance of natural resources contribute to economic growth in the US, during the late 1800’s? How have the innovations of the late 19th century evolved into the technology we use today? Describe how one specific invention impacts your daily life. How has our countries outlook on free enterprise changed between the late 1800’s and today? RAILROADS The growth and consolidation of the RR industry influenced many facets of American life Unchecked power of the RR companies led to heavy abuse. RAILROADS Despite RR companies abuse of power, the RR industry spurred rapid economic growth in industries such as: iron, coal, steel, and timber. Also led to the growth of towns and new markets. RAILROADS Before the 1880’s, each community relied on their own time based off of sun dials. The American Railway Association adopted time zones in 1883. BIG BUSINESS TYCOONS As new industries began to emerge there were a few that amassed large amounts of wealth. Consolidation of industries, and the removal of the middle-man Trusts and extreme wealth for individuals J.P. Morgan http://upload.wikimedia.org/wikipedia/commons/4/41 /JohnPierpontMorgan.png ANDREW CARNEGIE Was one of the first industrial giants. Relied upon vertical integration to run his steel business. By 1899 the Carnegie Steel Company produced more steel than all of Great Britain JOHN D. ROCKEFELLER Received his big start in oil refining after the Civil War. Founded the Standard Oil company in 1870. Relied upon horizontal integration By 1890, Standard Oil controlled 90 percent of the oil refining market. GEORGE PULLMAN In 1880, George Pullman built a factory for manufacturing sleepers and other railroad cars in Illinois The nearby town Pullman built for his employees was modeled after early industrial European towns Pullman workers felt his puritanical town was too strict BIG BUSINESS TYCOONS Other wealthy business men include: Jay Gould Cornelius Vanderbilt J.P. Morgan How did the industrialization of the US change the “landscape” of the country? Explain the polarization of wealth across the American society. WHY LABOR UNIONS? A labor union is an organization of workers formed for the purpose of advancing its members’ interest The creation of labor unions were a response to the abuse of employees Unions fought for workers rights and safer work conditions http://upload.wikimedia.org/wikipedia/en/e/ed/ Knights_of_labor_seal.gif LABOR UNIONS Knights of Labor American Federation of Labor (AFL) “Wages, working hours, and working conditions” Samuel Gompers CONFLICT The Haymarket Riot Homestead Strike The Pullman Strike