The Industrialization of American began in the early 1800’a when Samuel Slater brought new manufacturing technologies from Britain to the U.S. and founded the first U.S. Cotton Mill in Massachusetts. However‚ the period following the civil war changed the industry immensely‚ especially due to the creativity of American Inventors. Innovations in transportation such as the rail road‚ the size of the American market due to the use of an abundance of raw materials‚ and incredibly versatile inventors
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Vocabulary Lesson 1 1. gauge- width of a train track 2. network- system of connected railroad lines 3. consolidate- combine 4. rebate- discount 5. pool- system in which several railroad companies agreed to divide up the buisness in an area Lesson 2 1. Bessemer process- method developed in the 1850s to produce strongersteel at a lower cost. 2. vertical integration- practice in which a single manufacturer controls all of the steps used to change raw materials into finished products. 3
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economy post-Civil War. This revolution made the rich like John D. Rockefeller and Andrew Carnegie richer while the middle class workers like the new immigrants remained in poverty with terrible working condition. This 35 year time frame was both prosperous for some while long and grueling for others. During the years following the Civil War corporations like the steel‚ oil and railway businesses were booming. Businessmen like
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with useful political connections. 2. Collis P. Huntington- He was one of the "Big Four" who was an adept lobbyist. 3. James J. Hill- He created the Great Northern railroad and was the greatest railroad builder of all time. 4. Cornelius Vanderbilt- He was the head of New York Central railroad and he financed successful western railroads. 5. Jay Gould- He made millions of dollars by embezzling stocks from several railroad companies. 6. Alexander Graham Bell- He invented the telephone
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robber barons or captains of industry I thought that people like Andrew Carnegie‚ John D. Rockefeller‚ and J.p Morgan were all robber barons. Because they would employ people and put them in these unsafe‚ and unsanitary conditions. Also they made education for immigrants coming in difficult because even though they built libraries and hospitals would the immigrants would be illiterate and not be able to pay for hospital bills. Lastly theses men were robber barons because they were using vertical
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it states that “In 1882 the Carnegie Steel Company...inaugurated a policy whose object was to control all factors which contributed to the production of steel‚ from the ore and coal in the ground to the steel billet and the steel rail.” Andrew Carnegie’s company basically owned iron mines‚ steel mills‚ railroads‚ and shipping lines. Rockefeller used his profits to buy other oil companies and ended rivalry in the oil industry by forming the Standard Oil Trust. J.P. Morgan created a banking monopoly
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called laissez faire capitalism‚ these men were allowed to begin building what could be considered an empire without federal interference. Notable examples of such men included under the title of robber barons were Cornelius Vanderbilt‚ Andrew Carnegie‚ J.P. Morgan‚ John D. Rockefeller‚ Jay Gould‚ Jim Fisk‚ and Russel Sage along with many others. (McNamara) The wealth of these
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the guys like Andrew Carnegie‚ Cornelius Vanderbilt‚ Gustavus Swift‚ Philip Armour‚ John D. Rockefeller and others who rose to the top and ran monopolies or near-monopolies in the Gilded Age (1870s-1900ish). They were seen as bad because they employed ruthless methods to run competion out of the market‚ but on the other hand‚ weren’t breaking any laws or rules in this laissez faire timeperiod. These guys also gave a lot of money away: Carnegie built tons of libraries‚ and Carnegie Mellon University
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The Gilded Age * During the Gilded Age‚ American businesses were transformed: * Massive corporations replaced small‚ family businesses * New technology‚ transportation‚ marketing‚ labor relations‚ & efficient mass-production * By 1900‚ the U.S. was the most industrialized country in the world * 19th-century inventors led to an “Age of Invention”: * Cyrus Field’s telegraph cable * Business typewriters‚ cash registers‚ adding machines * High-speed textile
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distinction has not been strictly observed. Standard Gauge- a railroad gauge of 56.5 inches (1.435 m)‚ standard in the US ‚ Britain‚ and many other parts of the world. Trunk Lines- a main line of a railroad‚ telephone system‚ or other network Cornelius Vanderbilt- United States financier who accumulated great wealth from railroad and shipping businesses (1794-1877) Union Pacific Railroad- is a Class I line haul freight railroad that operates 8‚400 locomotives over 31‚390 route-miles in 23 states west of Chicago
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