Industrialization Fuels Growth

Unit 2

Lesson 1

Objectives:Review causes and effects of post Civil

War Industrial Revolution.Analyze impact of industrialization.

Warm UpWhat challenges faced post-Civil War

America?

War destruction One-sided government Ruined economy Changing social roles

Review

How does the US tackle these challenges?

Reconstruction Settlement western lands Railroads Industrial Growth

Westward Expansion Factors:

War displaced farmers, slaves Farmland in East $$$ Seek freedom from ethnic &

religious tension

Federal Actions: Gave away or sold land

cheaply RR grants Morrill Land-Grant Homestead Act

Impact: Removal Natives

Force, assimilation, disease & lack resources

Increased Immigration Cheap land, new jobs Chinese, Germans, Irish,

Italians Exploitation of Land

Mining, (Cattle) Ranching, Farming

Development New Technologies…

Technological Development

Invention/Idea Inventor/Developer Benefit(s)

Oil well, drill, pump Edwin Drake Cheaper, efficiency

Electric power & light bulb

Thomas Edison Affordable, widespread, productivity

Telegraph Samuel Morse Communications rev

Telephone Alexander G Bell Link ppl

Bessemer process Henry Bessemer Easier, cheaper, purer (stronger), mass produced steel

Mechanical Reaper Cyrus McCormick Larger farm, less labor

Steel Plow John Deere Cultivate tough sod

Barbed Wire Joseph Gliden Contain cattle, save crops

Key

Monopolizing Industry New Market Structures:

Oligopoly (few, large firms) Monopoly (complete control) Trust (several co’s managed

as one) Sherman Anti-Trust Act

New Business Practices: Vertical Integration – Carnegie

Steel controls all aspects of production

Horizontal Integration – Standard Oil bought out all competitors

Management & Accounting More Capital - CUT COSTS!

Social Darwinism Govt stay out of business,

allow “fit” to survive and get rich…everyone benefits

Big Business Booms! RR- Vanderbilt, Gould, JJ Hill

Oil- Rockefeller Steel- Carnegie

Aluminum- Mellon Flour Mills- Pillsbury

Cigarettes- Duke Meat - Armour

Investment Banking- JP Morgan

http://www.youtube.com/watch?v=3Efq-aNBkvc&feature=related (4 min)

http://youtu.be/1OTd2tXZXR4 (10 min)http://youtu.be/QvMiQPF0n1A (10 min)

Impact of Industrial Growth? Pro (Captains of Industry) Con (Robber Barons)

Closure What does this

growth of American industry have to do with our emergence as a world power?

Frontier closes Industry soon needs

new resources & new markets to sell its goods

Begin to look abroad

Homework