The Development of Industrial America American Studies I can understand how America became an industrial leader and the effects of industrialization • Sept 5th • Opener: Which invention has had the greatest impact on America? Explain your answer. • Task- take out your notes from yesterday and have a great attitude! :) I can understand how America became an industrial leader and the effects of industrialization The Gilded Age • After the Civil War and the Reconstruction • Growing gap between the rich and the poor (social classes) • Growth of Industrial Cities • MANY African Americans move to the North • More people, more business = corruption • Conditions for labor was poor • BIG BUSINESS! I can understand how America became an industrial leader and the effects of industrialization ID words for this chapter Due tomorrow at the beginning of class • • • • • • • • Industry/Industrial Baron Economy Monopoly Urban Trusts * Union* philanthropist • How To Do ID words: Describe the ID word: Visual: I can understand how America became an industrial leader and the effects of industrialization My understanding 1 2 3 4 (circle) Synonym (same) : Antonym (opposite): Part of speech (noun/ Verb/adjective/adverb) Sentence using ID word: The Rise of Big Business • As industry grew: – Markets created the need for transportation of goods – The men who helped goods move were either called • Captains of Industry: complimentary term referring to an individual who becomes powerful in business • Robber Barons: a derogatory term referring to an individual who becomes powerful through negative practices I can understand how America became an industrial leader and the effects of industrialization Who were these men? • • • • • J.D. Rockefeller Andrew Carnegie Henry Ford Cornelius Vanderbilt J. P. Morgan • Video I can understand how America became an industrial leader and the effects of industrialization Some examples of big business during this time • Railroads – Started by hundreds of small companies • Drove each other out of business – Railroad barons bought small companies with same tracks and equipment • Oil (Rockefeller) – Standard Oil formed a trust – Eliminated competition • Steel (Carnegie/J.P Moragan) – Priced his steel lower than others – Drove others out of business I can understand how America became an industrial leader and the effects of industrialization