Presentaitons: Beca
Ch. 6.1:
-What caused the Industrial revolution to really take off in the late 1800's?
A wealth in natutural resources
goverment support of business
a growing urbon population
cheap lavor and markets for new products.
Laissez fairre- means let alone in french goverment policy that they are going to leave bussiness alone for number 2
The avablabilty of cheaper steel helped the industrial revolution take of.
-What were some new inventions in the late 1800's and what affect did they have on people's lives?
The lightbulb. Joseph swan began inventing the light bulb with carvonized paper flilaments
IN 1879 Thomas Edision perfected it.
1879 swan began installing in homes and landmarks in englnad.
People started to have electricity in the 1920's
The typer wrier was invented by Christopher Sholes. Was desigend more like the telegraph.
Then the QWERTY was invented which has common used works together on the typewriter, and the shift button which would have lowercase and upercase letters.
The telephone- wasinveted by Alexander Graham Belt. in the late 1870's. It orginally started when he was trying to perfect the telegraph. Came up with the idea of sending speech electricity.
The type writer gave women more job oportinities, better communications with the telephone, Electricity beacame world wide. The refrigiatior made it possible to store foods at a cool temperature.
Presentations: Zach
Ch. 6.2:
-What impact did railroads have on the US?
We were ablel to expand West. People were able to move quickly, and were able to trade goods, and resources quicker.
-Why were many people upset with the railroads?
They were upset by misue of goverment land grants- as railroads were being built they gave the railroads free land. Farmers were upset with railroads because they would overcharging them to use the railroads.
-What did the Grangers or government do to regulate the railroads?
They tookk political action they took state and local politcal candadates
They established maximum freight and passenger rates and prohibit discrimmination- means making sure that the railroads were fair to all the farmers and that they were charged fairly. So they tried to charged mostly every one the same.
The growth of the railroads influenced the industries and busness were Americans worked.
Interstate Commerce Act- laws designed to make sure that the railroads were fari to everybody
The Grangers- a farmers group coming together to fight back againts the railroads company.
Rairlroad time-standard time around the contry they had to break it down into the times zones we have today
Ch. 6.3: Joe
-Tell me about Andrew Carnegie.
Born to a poor family, His boss gave him chance to buy stock, his mother mortgaed his house that way he could buy the stock. he started a had company that made more steel then britain. He controlled the entire steel industry. A manopoly is trying to contorl most of that indutry. Standard oil buying all the other companies.
Vertical intrigrationpproces of buying out the companys supllies such as coal fiels, iron, mine, and railroads.
Horizontal intrgration, buying out other compaines that produce the same product in order to climate the competetion.( look at page 242 in book).
-Tell me about John D. Rockefeller.
Started his first business when he weas ninteen. Owned the standard oil company in ohio. Paid emplyess really little. sold oil for much less money then it cost to make. When there was no competion left. he raised the prices. Used trust agreemeents to merge with outher companies.
-What was Social Darwinism and how did it apply to business?
Social darwinish thjeory based on charles darwins theory of evoution naturla lselection thats say induvidials who have wealth and power possed sibologis superitoty in the strugle for exsitnece. Survival of the fittest. It is a natural law for the strong to take over the weak. So big businesses took out small ones.
-Explain how companies formed monopolies(vertical/horizontal integration, trusts).
Trus are type of companie Merges, joining togetrher/ monopolies. way to form a monopolies. Anti trus anti Monopoly.
-How did the government try to regulate business?
The Sherman Antitris Act. Made it illgal for companies to from a trus that interfered with interstate of ferign trade. A five thousand dollar fine and one year inprison were the maximum penalty for violation the act.
To try to protec small businesess.
-What are labor unions and what is their purpose?
To make the conditions for workers better, for the workers
The more poeople the more power
Haymarket Affair
One of the protes threw a bonb in to the police line. Seven police officers were killed and and workers were killed. This made people no like the labor unions.
Were labor unions successful in achieving their goals? Explain/Give examples.
No earlier on people started dislkingg them, but later on they would be succesful, better pay, 8 hour workd day weekends off. Child labor laws got rid of all the kids in the fatories.
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