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Industry & Immigration


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Industry & Immigration

  1. 1. Industry & Immigration 1865-1914
  2. 2. Causes of Industrialization <ul><li>Civil War </li></ul><ul><ul><li>The war encouraged production, innovations and expansion of railroads. </li></ul></ul><ul><li>Natural Resources </li></ul><ul><ul><li>Ample natural resources, including oil, fueled growth. </li></ul></ul>
  3. 3. <ul><li>Growing Workforce </li></ul><ul><ul><li>Immigrants willing to work for low wages flowed in to the country </li></ul></ul><ul><li>Technology/Innovation </li></ul><ul><ul><li>New technology and innovative business practices spurred growth </li></ul></ul><ul><ul><li>Entrepreneurs: people who invest money in a product to make a profit </li></ul></ul>
  4. 4. <ul><li>Government Policies </li></ul><ul><ul><li>Encouraged investment in businesses & new technology </li></ul></ul><ul><ul><li>Protective tariffs </li></ul></ul><ul><ul><ul><li>Taxes that would make imported goods cost more than those made locally </li></ul></ul></ul><ul><ul><li>Laissez-faire </li></ul></ul><ul><ul><ul><li>Allowed businesses to operate under minimal government regulation </li></ul></ul></ul>
  5. 5. Important People <ul><li>Thomas Edison </li></ul><ul><ul><li>Invented new technology, such as electric lighting, that stimulated business </li></ul></ul><ul><li>Henry Bessemer </li></ul><ul><ul><li>Developed process for creating strong, lightweight steel for use in construction and railroads </li></ul></ul>
  6. 6. <ul><li>Andrew Carnegie </li></ul><ul><ul><li>Use of vertical consolidation influenced the rise of big business (pg 111) </li></ul></ul><ul><ul><li>Urged businessmen to also be philanthropists </li></ul></ul><ul><li>John D. Rockefeller </li></ul><ul><ul><li>Use of new business strategies, such as horizontal consolidation, influenced the rise of big business (pg 110) </li></ul></ul><ul><li>Samuel Gompers </li></ul><ul><ul><li>Formed the AFL, influencing the rise of labor unions </li></ul></ul>
  7. 7. Important Govt. Policies <ul><li>Protective tariffs </li></ul><ul><ul><li>Congress enacted tariffs on imported goods to make them cost more than locally produced goods </li></ul></ul><ul><li>Laissez-faire policies </li></ul><ul><ul><li>Government allowed businesses to operate under minimal government regulation </li></ul></ul>
  8. 8. <ul><li>Subsidizing railroads </li></ul><ul><ul><li>Government gave railroad builders millions of acres of land </li></ul></ul><ul><li>Strike breaking </li></ul><ul><ul><li>Government troops routinely helped break up strikes </li></ul></ul><ul><li>Antiunion actions </li></ul><ul><ul><li>Courts used legislation like the Sherman Antitrust Act to order unions to stop disrupting free trade </li></ul></ul>
  9. 9. Robber Barons or Captains of Industry <ul><li>“Robber Barons” </li></ul><ul><ul><li>Shrewd capitalists were able to swindle the poor </li></ul></ul><ul><li>“Captains of Industry” </li></ul><ul><ul><li>Business leaders served the country positively in several ways: </li></ul></ul>