Escolar Documentos
Profissional Documentos
Cultura Documentos
Section 1, 2 & 3
Period of rapid growth in the U.S. manufacturing in the late 1800s US had become the worlds industrial leader
Steel Industry
Steel = Iron that has been made stronger by heat and the addition of other metals
Bessemer Process
Invented by Henry Bessemer A way to manufacture steel quickly and cheaply by blasting hot air through melted iron to quickly remove impurities Use to take a day or more. Now takes 10-20 mins
As steel decreased in price, so did cost of building railroads Increased western growth
Oil
Using petroleum (oil) as a power source Convert crude (unprocessed) oil into kerosene
Electricity
Became interested in inventing uses of electricity Held more than 1,000 patents
Communication
Automobiles
1893 Gasoline engine to build first practical motorcar in US 1900s Thousands of cars being built in US 1908 - Henry Ford
Greatly reduced the cost of building a product, making cars more affordable
Planes
Built lightweight airplane that used small, gas-powered engine December 17, 1903
Kitty Hawk, NC Orville Wright made the first piloted flight in a gas-powered plane
Big Business
Corporations formed
Businesses that sell portions of ownership called stock shares Stockholders arent responsible for company debt, only for the stock they have invested in the company
Business Leaders
Andrew Carnegie
John D. Rockefeller
Leland Stanford
Sold equipment to miners Founder of Stanford University & Central Pacific railroad
Social Darwinism
Thought that survival of the fittest theory decided which human beings would succeed in business and in life in general
Many business leaders believed that the rich had a duty to aid poor
Became philanthropists
Antitrust Movement
Law that made it illegal to create monopolies or trusts that restrained trade
Industrial Workers
Organizations
Formed labor unions to get better wages and working conditions 1870s - Knights of Labor
Organizations
Collective Bargaining
Labor Strikes
Pennsylvania
Labor Strikes