The Gilded Age:  A New American Society and Economy Prof. Dani Vaughn-Tucker History 104:  American History from 1865 to t...
The Gilded Age <ul><li>1873 </li></ul><ul><li>Mark Twain and Charles Dudley Warner </li></ul>
Six Sources of Industrial Growth <ul><li>Abundant raw materials </li></ul><ul><li>Large and growing labor supply </li></ul...
Transcontinental Railroad <ul><li>Homestead Act of 1862 </li></ul><ul><li>Pacific Railway Act of 1862 </li></ul><ul><li>Su...
Emergence of Entrepreneurs <ul><li>General Characteristics </li></ul><ul><li>Talented </li></ul><ul><li>Often ruthless </l...
Cornelius Vanderbilt <ul><li>Shipping and railroad magnate </li></ul><ul><li>1810 - Purchased first ship  </li></ul><ul><l...
Collis P. Huntington <ul><li>Railroad magnate </li></ul><ul><li>Became wealthy as a merchant </li></ul><ul><li>1861 – Join...
Surge in Technological Advances <ul><li>General Characteristics </li></ul><ul><li>Yankee Know-How </li></ul><ul><li>Often ...
Cyrus W. Field <ul><li>Financier </li></ul><ul><li>1854 – Founded the New York, Newfoundland and London Telegraph Company ...
Christopher L. Sholes <ul><li>Inventor </li></ul><ul><li>1864 – Granted a patent for a page-numbering machine with friend,...
Revolutions in Transportation <ul><li>Charles and Frank Duryea </li></ul><ul><li>Automobile </li></ul><ul><li>Built upon t...
Technological Advances <ul><li>William Kelly </li></ul><ul><li>Ironmaster </li></ul><ul><li>Invented the pneumatic process...
Changes in Business Organization <ul><li>Henry Ford </li></ul><ul><li>Assembly-line Method </li></ul><ul><li>Management Te...
Sources <ul><li>America’s Story from America’s Library:  The Gilded Age </li></ul><ul><li>History of the Transcontinental ...
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Lecture 3 A New American Society And Economy

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Covers the Gilded Age and American industrialization.

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Lecture 3 A New American Society And Economy

  1. 1. The Gilded Age: A New American Society and Economy Prof. Dani Vaughn-Tucker History 104: American History from 1865 to the Present Spring 2009
  2. 2. The Gilded Age <ul><li>1873 </li></ul><ul><li>Mark Twain and Charles Dudley Warner </li></ul>
  3. 3. Six Sources of Industrial Growth <ul><li>Abundant raw materials </li></ul><ul><li>Large and growing labor supply </li></ul><ul><li>Surge in technological innovations </li></ul><ul><li>Emergence of a talented and often ruthless group of entrepreneurs </li></ul><ul><li>Federal government eager to assist the growth of business </li></ul><ul><li>Expanding domestic market for the products of manufacturing </li></ul>
  4. 4. Transcontinental Railroad <ul><li>Homestead Act of 1862 </li></ul><ul><li>Pacific Railway Act of 1862 </li></ul><ul><li>Supported by Congress through subsidies and land grants </li></ul><ul><li>Extension of Manifest Destiny </li></ul>
  5. 5. Emergence of Entrepreneurs <ul><li>General Characteristics </li></ul><ul><li>Talented </li></ul><ul><li>Often ruthless </li></ul><ul><li>Self-made men </li></ul><ul><li>Key People </li></ul><ul><li>J. Pierpont Morgan </li></ul><ul><li>Andrew Carnegie </li></ul><ul><li>Gustavus Swift </li></ul><ul><li>Isaac Singer </li></ul><ul><li>John D. Rockefeller </li></ul>
  6. 6. Cornelius Vanderbilt <ul><li>Shipping and railroad magnate </li></ul><ul><li>1810 - Purchased first ship </li></ul><ul><li>1846 – Self-made millionaire </li></ul><ul><li>1849 – Vanderbilt Accessory Transit Company </li></ul><ul><li>1869 – Consolidated the Hudson River Railroad and New York Central Railroad </li></ul><ul><li>1873 – Was able to offer rail service between New York and Chicago </li></ul><ul><li>Constructed Grand Central Terminal </li></ul><ul><li>Donated money to Central University in Nashville, TN </li></ul>
  7. 7. Collis P. Huntington <ul><li>Railroad magnate </li></ul><ul><li>Became wealthy as a merchant </li></ul><ul><li>1861 – Joined with the “Big Four” to incorporate the Central Pacific Railroad </li></ul><ul><li>Became a financial and political lobbyist for the railroads </li></ul><ul><li>1865 – Constructed lines from southern California to New Orleans </li></ul><ul><li>1890 – President of the Southern Pacific-Central Pacific rail system </li></ul>
  8. 8. Surge in Technological Advances <ul><li>General Characteristics </li></ul><ul><li>Yankee Know-How </li></ul><ul><li>Often improved upon European designs </li></ul><ul><li>Improved communications and safety </li></ul><ul><li>Key People </li></ul><ul><li>Alexander Graham Bell </li></ul><ul><li>Thomas Edison </li></ul><ul><li>James Ritty </li></ul><ul><li>Guglielmo Marconi </li></ul><ul><li>William S. Burroughs </li></ul>
  9. 9. Cyrus W. Field <ul><li>Financier </li></ul><ul><li>1854 – Founded the New York, Newfoundland and London Telegraph Company </li></ul><ul><li>1856 – Helped to organize the Atlantic Telegraph Company </li></ul><ul><li>1866 – Successfully laid the first transatlantic telegraph cable </li></ul>
  10. 10. Christopher L. Sholes <ul><li>Inventor </li></ul><ul><li>1864 – Granted a patent for a page-numbering machine with friend, Samuel Soulé </li></ul><ul><li>June 23, 1868 – Granted a patent with Soulé and Glidden for the typewriter </li></ul>
  11. 11. Revolutions in Transportation <ul><li>Charles and Frank Duryea </li></ul><ul><li>Automobile </li></ul><ul><li>Built upon the works of European automobile designers </li></ul><ul><li>Wilbur and Orville Wright </li></ul><ul><li>Flight </li></ul><ul><li>Revolutionized the field of aeronautics </li></ul>
  12. 12. Technological Advances <ul><li>William Kelly </li></ul><ul><li>Ironmaster </li></ul><ul><li>Invented the pneumatic process of steelmaking </li></ul><ul><li>General Electric </li></ul><ul><li>Established industrial research laboratory in 1900 </li></ul>
  13. 13. Changes in Business Organization <ul><li>Henry Ford </li></ul><ul><li>Assembly-line Method </li></ul><ul><li>Management Techniques </li></ul><ul><li>American System </li></ul><ul><li>Middle management </li></ul><ul><li>Scientific Management </li></ul>
  14. 14. Sources <ul><li>America’s Story from America’s Library: The Gilded Age </li></ul><ul><li>History of the Transcontinental Railroad </li></ul><ul><li>Cornelius Vanderbilt </li></ul><ul><li>Collis P. Huntington </li></ul><ul><li>Cyrus W. Field </li></ul><ul><li>Christopher L. Sholes </li></ul><ul><li>Charles and Frank Duryea </li></ul><ul><li>Wilbur and Orville Wright </li></ul><ul><li>General Electric </li></ul><ul><li>Henry Ford </li></ul>

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