Corporation, monopoly, and trust are listed as new glossary terms that will be defined, signaling they are important concepts related to business and economics during the Industrial Revolution era.

1. New Glossary Terms
• Corporation
• Monopoly
• Trust

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. 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. The Industrial Age

5. Oil!

6. Oil!

7. Oil!
★ First Found in Titusville, Pennslyvania
★ Kerosene kept the lights on.
★ Gasoline was thrown away

8. Bessemer Process

9. Bessemer Process

10. Bessemer Process
• Cheap way to create steel.
• Railroads quickly took advantage of all the
cheap metal.
• Barbed wire changed the west.

11. Pollution

12. Pollution

13. Pollution

14. Railroads
• “Railroad Time”
• Telegraph
• Land Grants

15. Railroads
• “Railroad Time”
• Telegraph
• Land Grants

16. Railroads
• “Railroad Time”
• Telegraph
• Land Grants

17. Scientific Management
• Coined by Frederick Taylor
• Taylor used motion and time studies to
optimize factories and assembly lines for
optimal efficiency.

18. We don’t need no
Education.

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. 3 Details about the cartoon, 2 conclusions about the
cartoon, 1 question about the cartoon

21. 3 Details about the cartoon, 2 conclusions about the
cartoon, 1 question about the cartoon

24. Monopoly

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

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

27. Merger

28. Merger

29. Merger

30. Merger
• The act of one company buying out the stock of
another, forming one larger company:

31. 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

32. Vertical Integration

34. Rocco’s Rockers

35. Rocco’s Rockers

36. Trucking Company
Rocco’s Rockers
Trucking Company

37. Trucking Company
Rocco’s Rockers
Trucking Company
Lumber Company

38. Store
Trucking Company
Rocco’s Rockers
Trucking Company
Lumber Company

39. Store
Trucking Company
Rocco’s
SuperMega
Rocco’s Rockers
Rocker City
Trucking Company
Lumber Company

40. Vertical Integration
• The method of doing business
that includes control of raw
materials, transportation, and
manufacturing:

41. Horizontal Integration

42. Horizontal Integration

43. Horizontal Integration

44. Horizontal Integration
• The method of business that includes
buying out all competitors.

45. 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?

46. Do we live in a gilded
age?
• 5 minutes

47. • 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.

48. Laissez-faire
• The belief that businesses should be left
alone by government

49. 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.

50. TRUSTBUSTERS!
S
ST
RU
T

51. TRUSTBUSTERS!
S
ST
RU
T

52. Sherman Anti-Trust Act
• Bust trusts that illegally
decreased competition and free
trade.
• Very vaguely written and
Supreme Court didn’t enforce.

54. Robber

55. + =
Robber
Baron

57. Captain of Industry
+

58. Robber Barons or Captains of
Industry?
The Importance of Industrialists
to American Social
and Economic Growth

64. $100,000,000

65. $2,335,927,735.98

66. Andrew Carnegie

67. 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.

68. Carnegie’s Success

69. Carnegie’s Success
• Good Management, research,
accounting, better products more
cheaply, stock offerings to staff

70. 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.

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

72. John D. Rockefeller
$196,083,067,379

73. Philanthropists
• term applies to industrialists who
actively promoted human welfare
and gave generously to institutions
that benefited all Americans: