3. B. Inventions
Henry Bessemer & William Kelly (1850) –
purified iron = Bessemer Process - STEEL
* Brooklyn Bridge
* Skyscraper, Chicago – William Jenney
* Railroads
12. B. Goals
New towns & communities
New markets
Economic opportunities
Link trade and interdependence
13.
14. III. Big BusinessIII. Big Business
Andrew Carnegie – Steel BillionaireAndrew Carnegie – Steel Billionaire
15.
16. A. Monopolistic Business PracticesA. Monopolistic Business Practices
Vertical IntegrationVertical Integration --
bought outbought out all theall the
suppliessupplies to controlto control
raw materialsraw materials
Horizontal IntegrationHorizontal Integration
bought outbought out allall
companiescompanies thatthat
made same productmade same product
17. John D. Rockefeller - BillionaireJohn D. Rockefeller - Billionaire
Standard Oil Company of Ohio – Trust
1870 2% by 1880 90%
Out manipulated his competition
18. B.B. Social DarwinismSocial Darwinism
Justified laissez-faire “Hands off,Justified laissez-faire “Hands off,
allowed to do” business practiceallowed to do” business practice
““SurvivalSurvival of the fittest in the businessof the fittest in the business
world”world”
Paid low wages, dangerous conditions,Paid low wages, dangerous conditions,
Long hoursLong hours
20. MaryMary Harris “Mother” Jones - coal & children –Harris “Mother” Jones - coal & children –
80 million children march, 190380 million children march, 1903
21.
22.
23. A. Organizations – Select 3
o NLU – (1866) National Labor Union
o CNLU – (1869) Colored National Labor
o KOL – (1869) – Knights of Labor ––
accepted everyone
o AFL – American Federation of Labor
o ARU – American Railway Union
o IWW – Industrial Workers of the World
o UMW – United Mine Workers