The Gilded Age in American history saw powerful business tycoons, known as Robber Barons, exploit workers and amass great fortunes while most Americans lived in poverty. The Industrial Revolution transformed the economy from rural and agricultural to urban and industrial, spurring new technologies, mass production techniques, and the rise of big business monopolies in industries like steel, oil, and railroads. While some innovations improved living standards, working conditions were often dangerous and workers faced low pay, long hours, and lack of rights or protections. Growing economic inequality sparked labor unrest and calls for reform.
This presentation discussed the important technological development during the industrial revolution time. Specifically, the textile, steam power and iron making industry of Great Britain and its effect to social community.
This presentation discussed the important technological development during the industrial revolution time. Specifically, the textile, steam power and iron making industry of Great Britain and its effect to social community.
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About Hector Del Castillo
Hector is VP of Professional Development at the PMI Silver Spring Chapter, and CEO of Bold PM. He's a mid-market growth product executive and changemaker. He works with mid-market product-driven software executives to solve their biggest growth problems. He scales product growth, optimizes ops and builds loyal customers. He has reduced customer churn 33%, and boosted sales 47% for clients. He makes a significant impact by building and launching world-changing AI-powered products. If you're looking for an engaging and inspiring speaker to spark creativity and innovation within your organization, set up an appointment to discuss your specific needs and identify a suitable topic to inspire your audience at your next corporate conference, symposium, executive summit, or planning retreat.
About PMI Silver Spring Chapter
We are a branch of the Project Management Institute. We offer a platform for project management professionals in Silver Spring, MD, and the DC/Baltimore metro area. Monthly meetings facilitate networking, knowledge sharing, and professional development. For event details, visit pmissc.org.
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2. The Gilded Age
Time period in American History where scandals
rocked the county and powerful business men
exploited the poor workers
Child Labor
Robber Barons
Age of social unrest because the poor were upset about
the difference in the amount of money they made
when compared with the rich
Disparity of income
3. Industrial Revolution
Civil War’s Impact
Modern warfare led to
the growth of
industrialism
New machines increased
production
Development in
transportation,
communication,
farming, ranching, and
mining
4. Farms to Factories
Rural Farm Areas
Before the Industrial
Revolution the US was rural
Agrarian
Society based on agriculture
Urban Growth
Industrial Revolution leads
to factories being developed
in urban areas (cities)
America goes from Rural
Agrarian to Urban Industrial
5. Farm to Factories.
Mass Production
Uses an assembly line
Each worker repeated
the same task which
helped increase
production
6. Railroads For Profit
Robber Barons
Eliminate competition and
create a monopoly (total
control of an industry)
Jay Gould
Purchases the Union Pacific
Railroad
Gained control of all
railroads west of the
Mississippi River
Cornelius Vanderbilt
Gained control of all
railroad lines leading into
New York and Chicago
7. Railroads for Profit.
Robber Barons
Andrew Carnegie
Owner of Carnegie Steel
Vertical Integration
Every stage of a
company’s production is
controlled by one
company
John D. Rockefeller
Owner of Standard Oil
Trust
First Trust
When control of a
company’s stock is put
under a board of trustees
8. Bankers and Stockbrokers
J.P. Morgan
Financed mergers that
created General
Electric, International
Harvester, and US Steel
9. Economic Disparity
Hourly Wages
Most worked a ten hour
day for $1- $1.50
Most worked six days a
week
Accidents meant loss of
employment
Disparity of Income
Huge difference between
the rich and the poor
Industrialists live a lavish
lifestyle
Workers can barely get by
10.
11. Working Conditions
Laissez-faire
Government’s approach
to labor unions, meant
that the government did
not interfere at all
Because of this workers
were treated horribly
12. Working Conditions.
George Pullman
Builds a plant and a company town outside of Chicago
Employees required to live in his town
Workers paid in company money
Civil Liberties
Employees civil liberties limited
Not allowed to have independent newspapers, meetings, and
houses subject to inspection
Wages decreased but rent stayed the same leading to a
violent strike
13. Working Conditions..
Triangle Shirtwaist Company
Fire
Sweatshop located in upper
floors of a New York City
building
Fire erupts
Workers panicked and fled
to fire escape
Fire escape broke under the
weight of the workers
Doors leading to stairwells
were locked
145 Workers die, most were
women or children
US begins to pay attention to
worker’s safety
14.
15. Technological Innovations
Railroad Sleeping Car
George Pullman
Air Brakes for trains and
Railway signaling system
George Westinghouse
Telephone
Alexander graham Bell
Incandescent Light bulb
Thomas Edison
17. Technological Innovations..
Technological
Innovations help people
living in cities
Electric Streetcar
Automobile
Skyscraper
Elevator
Steel Beams
Woolworth Building
Chrysler Building
18. Processed Foods
Originally used during war to
feed soldiers
Food was treated, canned, and
mass produced
Milton S. Hershey
Mass produced milk chocolate
Gustavus Franklin Swift
Pioneer in meat-packing and
refrigeration
Made beef cheaper and easily
transported
Philip Armour
Dominated the meat-packing
industry and developed a large
fleet of refrigeration cars
19. Middle Class
Improved standard of
living for the middle
class
The industrial revolution
leads to a growing
middle class in the
United States