The Industrial Revolution
in the U.S.A.
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1.Background:
“2nd Industrial Revolution”: (Europe was 1st).
Civil War influenced industrial advancement.
natural resources were kinda awesome in America.
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2.So why were natural
resources awesome?
Coal mines, because you can get coal and thats
good to create power.
Timber, because you can use wood to build stuff.
Waterways, because you can travel.
Oil, because it is good for fuel and light, and you
don’t have to worry about killing whales to much.
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pages 438-440
look and list new inventions and developments
that show positive results of the Industrial
Revolution.
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Business leaders
Industries became very profitable for the people
who owned them.
savvy and clever businessmen began figuring out
ways to monopolize their industry...
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4.Robber Barons or
Captains of Industry?
Andrew Carnegie, steel
John D. Rockefeller, oil
Cornelius Vanderbilt, railroads
these men made tons of money through clever
business moves, but at the expense of small
business and the poor.
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A clever business move:
Some of these men formed “trusts” in an attempt
to get around government control of their
business.
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A trust is a way businesses work around the
government. they do this by assigning the
ownership of their company to a board of
“trustees.” These trustees technically become a
separate company, which allows them to do as
they please. Many of the trustees were probably
just told what to do by the original business
owners in exchange for a percentage of the
company’s profit.
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5. kinda like this...
your company.
You want to buy
out company B.
government
blocks
transaction
Your Trust. this is set up as a
separate company that can
not be blocked by the
government. The trust buys
out company B
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company
B.
6. how do you monitor
the trusts?
Interstate Commerce Commission: established in
1887 to oversee railroad operations.
Sherman Anti-Trust Act: 1890, outlawed trusts that
restrained trade and commerce.
both had only minimal success at first.
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end result?
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