Industrialization. All about business and money!!!
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- Hilda Walsh
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1 Industrialization All about business and money!!!
2 After Second Industrial Revolution
3 Technological Innovations Bessemer Process- Produce steel more economical Steam Engines Railroads Boats Sewing machines
4
5
6 Alexander Graham Bell TELEPHONE
7 Thomas Edison LIGHTBULB I m positively glowing!!
8 HOW DID THESE INVENTIONS CHANGE THE WORLD?
9 Business Corporation- separate person Share in my business (stocks)
10 Entrepreneurs person or small group who starts a business.
11 Free Enterprise System 1. What should be produced? 2. How should it be produced? 3. Who gets what is produced? Profit- $$$$ money
12 The Gilded Age Captain of Industry- people who creates a modern industrial economy. Nickname- Robber Barons Ruthless tactics Destroy competition Low wages for workers
13 Money Iron Andrew Carnegie Steel mills Low wages for workers Philanthropy $350 million for libraries and universities Gospel of Wealth Book Give to educate the poor Workers need to earn their money!!
14 John D. Rockefeller Money Standard Oil Company 90% of oil refining MONOPOLY Almost complete control over the industry 90%
15 Why are monopolies bad? They can charge whatever they want. We need Competition to keep prices low.
16 1783- Depression Economic downturn
17 Laws Laissez-faire- Govt. not interfere with businesses Govt will interfere!!! Interstate Commerce Act (1887) Stop unfair prices in railroads Interstate Commerce Commission Sherman Anti-Trust Act (1890) Stop Monopolies in unfair practices Q
18
19 1. A Two-Party Stalemate
20 Two-Party Balance
21 2. Intense Voter Loyalty to the Two Major Political Parties
22 3. Well-Defined Voting Blocs Democratic Bloc Republican Bloc White southerners (preservation of white supremacy) Catholics Recent immigrants (esp. Jews) Urban working poor (pro-labor) Most farmers Northern whites (pro-business) African Americans Northern Protestants Old WASPs (support for anti-immigrant laws) Most of the middle class
23 4. Very Laissez Faire Federal Govt. From Govt. did very little domestically. Main duties of the federal govt.: Deliver the mail. Maintain a national military. Collect taxes & tariffs. Conduct a foreign policy. Exception administer the annual Civil War veterans pension.
24 5. The Presidency as a Symbolic Office Party bosses ruled. Presidents should avoid offending any factions within their own party. The President just doled out federal jobs. Senator Roscoe Conkling ,000 people worked for the federal govt ,000
25 1880 Presidential Election: Republicans Half Breeds Stalwarts Sen. James G. Blaine (Maine) compromise Sen. Roscoe Conkling (New York) James A. Garfield Chester A. Arthur (VP)
26 1880 Presidential Election: Democrats
27 Inspecting the Democratic Curiosity Shop
28 1880 Presidential Election
29 1881: Garfield Assassinated! Charles Guiteau: I Am a Stalwart, and Arthur is President now!
30 Chester A. Arthur: The Fox in the Chicken Coop?
31 Pendleton Act (1883) Civil Service Act. The Magna Carta of civil service reform ,000 out of 117,000 federal govt. jobs became civil service exam positions ,000 out of 200,000 civil service federal govt. jobs.
32 Republican Mugwumps Reformers who wouldn t re-nominate Chester A. Arthur. Reform to them create a disinterested, impartial govt. run by an educated elite like themselves. Social Darwinists. Laissez faire government to them: Favoritism & the spoils system seen as govt. intervention in society. Their target was political corruption, not social or economic reform!
33 The Mugwumps Men may come and men may go, but the work of reform shall go on forever. Will support Cleveland in the 1884 election.
34 1884 Presidential Election Grover Cleveland James Blaine * (DEM) (REP)
35 A Dirty Campaign Ma, Ma where s my pa? He s going to the White House, ha ha ha!
36 Little Lost Mugwump Blaine in 1884
37 Rum, Romanism & Rebellion! Led a delegation of ministers to Blaine in NYC. Reference to the Democratic Party. Blaine was slow to repudiate the remark. Dr. Samuel Burchard Narrow victory for Cleveland [he wins NY by only 1149 votes!].
38 1884 Presidential Election
39 Cleveland s First Term The Veto Governor from New York. First Democratic elected since A public office is a public trust! His laissez-faire presidency: Opposed bills to assist the poor as well as the rich. Vetoed over 200 special pension bills for Civil War veterans!
40 Bravo, Señor Clevelando!
41 The Tariff Issue After the Civil War, Congress raised tariffs to protect new US industries. Big business wanted to continue this; consumers did not tariffs earned the US $100 mil. in surplus! Mugwumps opposed it WHY??? President Cleveland s view on tariffs???? Tariffs became a major issue in the 1888 presidential election.
42 Filing the Rough Edges Tariff of 1888
43 1888 Presidential Election Grover Cleveland (DEM) Benjamin Harrison * (REP)
44 Coming Out for Harrison
45 The Smallest Specimen Yet
46 1888 Presidential Election
47 Disposing the Surplus
48 Changing Public Opinion Americans wanted the federal govt. to deal with growing soc. & eco. problems & to curb the power of the trusts: Interstate Commerce Act 1887 Sherman Antitrust Act 1890 McKinley Tariff 1890 Based on the theory that prosperity flowed directly from protectionism. Increased already high rates another 4%! Rep. Party suffered big losses in 1890 (even McKinley lost his House seat!).
49 1892 Presidential Election Grover Cleveland again! * (DEM) Benjamin Harrison (REP)
50 1892 Presidential Election
51 Cleveland Loses Support Fast! The only President to serve two nonconsecutive terms. Blamed for the 1893 Panic. Defended the gold standard. Used federal troops in the 1894 Pullman strike. Refused to sign the Wilson-Gorman Tariff of Repealed the Sherman Silver Purchase Act.
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Industrialization continued at a rapid pace in the years following the Civil War. The Bessemer Process for making a better quality steel, allowed for
STAAR Review 2 Industrialization continued at a rapid pace in the years following the Civil War. The Bessemer Process for making a better quality steel, allowed for a boom in industry and the railroads.
CHAPTER 24 The Industrial Age,
CHAPTER 24 The Industrial Age, 1865 1900 1. Railroad Expansion (pp. 528-536) a. The government gave away land bigger than the state of to various railroad companies. What benefits did the government get