September 28, 2012

We watched the last presentation today.

Ch. 6

Industrial Revolution

  • from 1750-1850
  • changes in agriculture, manufacturing, mining, transportation, and technology had an effect on the social, economic, and cultural conditions of the times.
  • started because our country was groing and we needed things made

Invention in Idustrial Revolution

  • steamboats in 1807 by Robert Fulton started first steamboat Railroads
  • steam locomotive changed the way goods and people traveled
  • telegraph by samuel Morse in 1844- messages could travel over telegraph lines and be recieved in second
  • telephone- changed daily lived- was 50,000 by end of 1880
  • electric lighting- homes, buildings, and streets in cities and towns were lit by gas
  • Cotton Gin- had a great effect on clothing and life in the US

Impact of Railroads

  • they had major business
  • major changes of industrial revolution
  • transported people and goods
  • ook less time to get people from one place to the next
  • brought goods froom one place to the other much faster than beforeallowed westward expansion

Andrew Carnegie

  • captains of industry of 19th cenury America
  • helped build the formidable American steel industry
  • turned a poor young man into one of the richest entrepreneurs of his age
  • was unusual among the industrial captains of his day because he preached for the rights of laborers to unionize and to protect their jobs
  • was an immigrant so he was pro workers and paid them fairly well compared to other workers
  • Homestead Strike of 1892- threw his supports behind plant manager Henry Frick

John D. Rockefeller

  • at 16 became a clerk in a commission house
  • 1850 went into business with a young englishman, Maurice Clark
  • one of the business problems he encountered was the high cost of transporting his oil to his Cleveland refineries
  • within 4 years his competitors were out of business
  • he was one of America's most hated men

Social Darwinism

  • belief, popular in the late Victorian Era in England, American, and elsewear
  • states that the strongest or fittest should survive and flourish in society while the weah and unfir should be allowed to die
  • idea of survival of the fittest and if you have the best business idea or theory, you should survive and flourish, but if not your business deserves to crumble

Roosevelt

  • realized that the trust problem would not be resolved by judicial review and that a more organized approach was needed
  • went after Rockefeller and monopolies

1902 Beef Trust

  • suits against the giants of the railroad industry in 1902
  • trying to do something against the critical monopoly situation

Labor Units

  • industrial sector, organized labor unions fought for better wages, reasonable hours, and safer working conditions
  • led efforts to stop child labor, give health benefirs and provide aid to workers who were injured or retired

 

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