I. Introduction A.Background 1. The industrialization is when hand work was turned over to machines

II. Railroads A. Fueled Economy

1. First big business in the west.

2. Was the key to opening the west, and aided in development of other industries.

B.

Technological Inventions 1. Refrigerated Cars, light bulb, phonograph, better steel

making, motion pictures. 2. Alexander Graham Bell's, Wright Brothers, Henry Ford,

III. Immigration A. Labor used to help Industrialization

1. Unskilled immigrant labor.

2. New group of talented businessmen. The government stayed out of local businesses.

B. Social Darwinism

1. Adapted ideas from Origin of Species to businesses. Ideas of hard work.

2. Notion of "Survival of the Fittest". Individuals must have the right to fail, struggle, or prosper.

IV. New Type Of Business Entities A. Pool 1. Gather people of same industries together to set prices.

2.People vs. Manufacturers

B. Trust 1. Grabbing all kinds of companies.

2. Integrates business into other by taking over.

C. Types of Integration 1.Horizontal: Owning all the people that do the same thing.

2. Vertical: Owning everything from the ground up.

I. Introduction A.Background 1. The industrialization is when hand work was turned over to machines

II. Railroads A. Fueled Economy

1. First big business in the west.

2. Was the key to opening the west, and aided in development of other industries.

B.

Technological Inventions 1. Refrigerated Cars, light bulb, phonograph, better steel

making, motion pictures. 2. Alexander Graham Bell's, Wright Brothers, Henry Ford,

III. Immigration A. Labor used to help Industrialization

1. Unskilled immigrant labor.

2. New group of talented businessmen. The government stayed out of local businesses.

B. Social Darwinism

1. Adapted ideas from Origin of Species to businesses. Ideas of hard work.

2. Notion of "Survival of the Fittest". Individuals must have the right to fail, struggle, or prosper.

IV. New Type Of Business Entities A. Pool 1. Gather people of same industries together to set prices.

2.People vs. Manufacturers

B. Trust 1. Grabbing all kinds of companies.

2. Integrates business into other by taking over.

C. Types of Integration 1.Horizontal: Owning all the people that do the same thing.

2. Vertical: Owning everything from the ground up.