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New Glossary Terms


• Corporation
• Monopoly
• Trust
Classify a table of at least
 Please classify the following terms into
three columns. Each column must have a title. Use C...
Rankings
Please rank the terms from most important to least
   important in terms of their impact on society.
        Tele...
The Industrial Age
Oil!
Oil!
Oil!

★ First Found in Titusville, Pennslyvania
★ Kerosene kept the lights on.
★ Gasoline was thrown away
Bessemer Process
Bessemer Process
Bessemer Process
• Cheap way to create steel.
• Railroads quickly took advantage of all the
  cheap metal.
• Barbed wire c...
Pollution
Pollution
Pollution
Railroads

• “Railroad Time”
• Telegraph
• Land Grants
Railroads

• “Railroad Time”
• Telegraph
• Land Grants
Railroads

• “Railroad Time”
• Telegraph
• Land Grants
Scientific Management

• Coined by Frederick Taylor
• Taylor used motion and time studies to
  optimize factories and assem...
We don’t need no
   Education.
Do you agree or disagree with
 the following statement? 5
      minute response
• “It will be a great mistake for the comm...
3 Details about the cartoon, 2 conclusions about the
       cartoon, 1 question about the cartoon
3 Details about the cartoon, 2 conclusions about the
       cartoon, 1 question about the cartoon
Monopoly
Monopoly

• This term describes a company’s control of an
  industry’s production, quality, wages paid, and
  prices charg...
Monopoly

• This term describes a company’s control of an
  industry’s production, quality, wages paid, and
  prices charg...
Merger
Merger
Merger
Merger


• The act of one company buying out the stock of
  another, forming one larger company:
Trusts
• In this arrangement, separate companies are
  run as a large company. Stockholders agree to
  let a group of trus...
Vertical Integration
Rocco’s Rockers
Rocco’s Rockers
Trucking Company




Rocco’s Rockers


 Trucking Company
Trucking Company




Rocco’s Rockers


 Trucking Company




    Lumber Company
Store


 Trucking Company




Rocco’s Rockers


 Trucking Company




    Lumber Company
Store


 Trucking Company

                       Rocco’s
                     SuperMega
Rocco’s Rockers
                 ...
Vertical Integration


• The method of doing business
  that includes control of raw
  materials, transportation, and
  ma...
Horizontal Integration
Horizontal Integration
Horizontal Integration
Horizontal Integration


• The method of business that includes
  buying out all competitors.
Camella Teoli
Please answer the following questions on
 your paper after hearing the testimony
•   What was Teoli’s job?

...
Do we live in a gilded
         age?


• 5 minutes
• With whiteboards: Using Sections 14.3, 14.4,
  and 14.5



• Please come up with at least 3 strategies
   that labor uni...
Laissez-faire


• The belief that businesses should be left
  alone by government
Social Darwinism

• This belief included the notion that some people
  flourish, and others don’t, due to natural selection...
TRUSTBUSTERS!



               S
            ST
       RU
     T
TRUSTBUSTERS!



               S
            ST
       RU
     T
Sherman Anti-Trust Act
• Bust trusts that illegally
  decreased competition and free
  trade.
• Very vaguely written and
 ...
Robber
+           =
Robber
             Baron
Captain of Industry


        +
Robber Barons or Captains of
        Industry?




The Importance of Industrialists
      to American Social
     and Econ...
$100,000,000
$2,335,927,735.98
Andrew Carnegie
Andrew Carnegie

• Emigrated from Scotland
• Poor, worked his way up (cotton mill,
  telegraph messenger, private secretar...
Carnegie’s Success
Carnegie’s Success


• Good Management, research,
 accounting, better products more
 cheaply, stock offerings to staff
John D. Rockefeller



• Standard Oil, within a decade of its founding
  in 1870, was refining 90% of the nation’s oil.
• P...
John D. Rockefeller




$1,400,000,000
John D. Rockefeller




$196,083,067,379
Philanthropists

• term applies to industrialists who
  actively promoted human welfare
  and gave generously to instituti...
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
Industrial Age 13
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Industrial Age 13

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Industrial Age 13

  1. 1. New Glossary Terms • Corporation • Monopoly • Trust
  2. 2. Classify a table of at least Please classify the following terms into three columns. Each column must have a title. Use Chapter 13.2 as a guide: Telegraph Automobile Airplane Bessemer Light bulb Phonograph process Tractor Sewing Machine Elevator Suspension Street Car Barb Wire Bridge Skyscraper Telephone
  3. 3. Rankings Please rank the terms from most important to least important in terms of their impact on society. Telegraph Automobile Airplane Bessemer Light bulb Phonograph process Tractor Sewing Machine Elevator Suspension Street Car Barb Wire Bridge Skyscraper Telephone
  4. 4. The Industrial Age
  5. 5. Oil!
  6. 6. Oil!
  7. 7. Oil! ★ First Found in Titusville, Pennslyvania ★ Kerosene kept the lights on. ★ Gasoline was thrown away
  8. 8. Bessemer Process
  9. 9. Bessemer Process
  10. 10. Bessemer Process • Cheap way to create steel. • Railroads quickly took advantage of all the cheap metal. • Barbed wire changed the west.
  11. 11. Pollution
  12. 12. Pollution
  13. 13. Pollution
  14. 14. Railroads • “Railroad Time” • Telegraph • Land Grants
  15. 15. Railroads • “Railroad Time” • Telegraph • Land Grants
  16. 16. Railroads • “Railroad Time” • Telegraph • Land Grants
  17. 17. Scientific Management • Coined by Frederick Taylor • Taylor used motion and time studies to optimize factories and assembly lines for optimal efficiency.
  18. 18. We don’t need no Education.
  19. 19. Do you agree or disagree with the following statement? 5 minute response • “It will be a great mistake for the community to shoot the millionaires,” he said, “for they are the bees that make the most honey, and contribute most to the hive even after they have gorged themselves full.” -Andrew Carnegie
  20. 20. 3 Details about the cartoon, 2 conclusions about the cartoon, 1 question about the cartoon
  21. 21. 3 Details about the cartoon, 2 conclusions about the cartoon, 1 question about the cartoon
  22. 22. Monopoly
  23. 23. Monopoly • This term describes a company’s control of an industry’s production, quality, wages paid, and prices charged.
  24. 24. Monopoly • This term describes a company’s control of an industry’s production, quality, wages paid, and prices charged.
  25. 25. Merger
  26. 26. Merger
  27. 27. Merger
  28. 28. Merger • The act of one company buying out the stock of another, forming one larger company:
  29. 29. Trusts • In this arrangement, separate companies are run as a large company. Stockholders agree to let a group of trustees manage the company, and companies are able to set prices and limit competition
  30. 30. Vertical Integration
  31. 31. Rocco’s Rockers
  32. 32. Rocco’s Rockers
  33. 33. Trucking Company Rocco’s Rockers Trucking Company
  34. 34. Trucking Company Rocco’s Rockers Trucking Company Lumber Company
  35. 35. Store Trucking Company Rocco’s Rockers Trucking Company Lumber Company
  36. 36. Store Trucking Company Rocco’s SuperMega Rocco’s Rockers Rocker City Trucking Company Lumber Company
  37. 37. Vertical Integration • The method of doing business that includes control of raw materials, transportation, and manufacturing:
  38. 38. Horizontal Integration
  39. 39. Horizontal Integration
  40. 40. Horizontal Integration
  41. 41. Horizontal Integration • The method of business that includes buying out all competitors.
  42. 42. Camella Teoli Please answer the following questions on your paper after hearing the testimony • What was Teoli’s job? • Where did she work? • How old was she? • Why did she end up working instead of going to school? • What was her job like? • Why did she decide to go on strike? • Do you think that the chairman is sympathetic towards Camella? Why or why not?
  43. 43. Do we live in a gilded age? • 5 minutes
  44. 44. • With whiteboards: Using Sections 14.3, 14.4, and 14.5 • Please come up with at least 3 strategies that labor unions employed in their attempt to improve worker’s lives • Please come up with at least 3 strategies that employers used to keep Unions from getting power.
  45. 45. Laissez-faire • The belief that businesses should be left alone by government
  46. 46. Social Darwinism • This belief included the notion that some people flourish, and others don’t, due to natural selection: weak are weeded out, enabling the strong to survive - survival of the fittest. • Rich are in God’s favor, poor deserve their bad life.
  47. 47. TRUSTBUSTERS! S ST RU T
  48. 48. TRUSTBUSTERS! S ST RU T
  49. 49. Sherman Anti-Trust Act • Bust trusts that illegally decreased competition and free trade. • Very vaguely written and Supreme Court didn’t enforce.
  50. 50. Robber
  51. 51. + = Robber Baron
  52. 52. Captain of Industry +
  53. 53. Robber Barons or Captains of Industry? The Importance of Industrialists to American Social and Economic Growth
  54. 54. $100,000,000
  55. 55. $2,335,927,735.98
  56. 56. Andrew Carnegie
  57. 57. Andrew Carnegie • Emigrated from Scotland • Poor, worked his way up (cotton mill, telegraph messenger, private secretary), • Bought stock, then more, and finally entered the steel business, eventually building his own empire.
  58. 58. Carnegie’s Success
  59. 59. Carnegie’s Success • Good Management, research, accounting, better products more cheaply, stock offerings to staff
  60. 60. John D. Rockefeller • Standard Oil, within a decade of its founding in 1870, was refining 90% of the nation’s oil. • Paid his workers low wages and drove out his competitors.
  61. 61. John D. Rockefeller $1,400,000,000
  62. 62. John D. Rockefeller $196,083,067,379
  63. 63. Philanthropists • term applies to industrialists who actively promoted human welfare and gave generously to institutions that benefited all Americans:

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