Big Business Monkey Business The Rise of Industry in the United States 1 © 2003 BeaconLearningCenter.com Why? • SS.A.5.4.1: The student knows the causes of the Industrial Revolution and its economic, political, and cultural effects on American society. 2 © 2003 BeaconLearningCenter.com Remember the Big Questions • Can societies have winners and losers at the same time? • Can societal groups win and lose at the same time? • How are the winners and losers reconciled? 3 © 2003 BeaconLearningCenter.com Another Question to Consider • Who were the winners and losers in the creation of “Big Businesses?” 4 © 2003 BeaconLearningCenter.com Before the Civil War • Beginning of industry • Relatively small industrial production • Localized industries – Close to source of power – Close to raw materials 5 © 2003 BeaconLearningCenter.com Before the Civil War • Limited transportation • Small corporations • Limited labor supply 6 © 2003 BeaconLearningCenter.com Rise of “Big Business” • The period after the Civil War 1860-1910 – Monopolizing certain industries – Rise of powerful industry leaders or “Robber Barons” 7 © 2003 BeaconLearningCenter.com Business Organization • Little government regulation • Monopolization of industries • Elimination of competition 8 © 2003 BeaconLearningCenter.com Focus • Railroads • Steel • Oil • Banking 9 © 2003 BeaconLearningCenter.com Powerful Industry Leaders • Cornelius Vanderbilt • Andrew Carnegie • John D. Rockefeller • J. P. Morgan 10 © 2003 BeaconLearningCenter.com Controlling Out-ofControl Industries •The government steps in 11 © 2003 BeaconLearningCenter.com Your Task • Work with other students. • Present a clear picture of how these industries grew. • Show what government did to address the situation. 12 © 2003 BeaconLearningCenter.com