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Power Presentations CHAPTER 20

Power Presentations CHAPTER 20. Image. Economics in History.

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Power Presentations CHAPTER 20

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  1. Power Presentations CHAPTER 20

  2. Image Economics in History The year is 1894. You work in a factory that is unheated and badly lit. The machine that you operate is dangerous. The economy is doing poorly, so the factory has cut your wages. Some of your coworkers have gone out on strike. They want better pay and working conditions. Would you join the strike? Why or why not?

  3. • What are some risks you would be taking if you join the strike? • What might you gain if you take part in the strike? • What other methods might you use to persuade your employer to meet your demands?

  4. 1863Two companies begin to build a transcontinental railroad across the United States. 1876Alexander Graham Bell patents the telephone. 1882Thomas Edison installs electric lights in New York City. 1888Benjamin Harrison is elected president. 1892Grover Cleveland is elected president for the second time. 1894Pullman Strike halts rail traffic across the nation. 1901Oil drillers discover a huge oil field in Texas. 1905Supreme Court overturns a New York law establishing a 60-hour workweek for bakers. To World

  5. 1869Suez Canal opens in Egypt. 1889The world’s tallest structure to date, the Eiffel Tower in Paris, is built of iron. 1896The Italian engineer Guglielmo Marconi patents the radio. 1904Russia finishes building the first Trans-Siberian railway across Asia. Back to U.S. Back to Home

  6. Main Idea The growth of industry during the years 1860 to 1914 transformed life in America. Why It Matters Now Modern businesses rely on many of the inventions and products developed during that time.

  7. Light bulb Oil well Telephone Generator Typewriter Sewing machine Image What are some of the inventions of the late 1800s? Inventions

  8. • What factors contributed to industrial growth in the United States? • What is the business cycle? • What caused the steel-making industry to boom and why?

  9. Think About • electric generators and light bulbs • the telephone • the typewriter Recognizing Effects How did the inventions of the late 1800s make it easier to do business? Back to Home

  10. The railroads tied the nation together, speeded industrial growth, and changed U.S. life. Map Main Idea Why It Matters Now The railroad first made possible our modern system of shipping goods across the country.

  11. Image Which groups of people helped build the transcontinental railroad? Central Pacific Union Pacific Chinese Civil War veterans Native Americans Freed slaves Irish immigrants Native Americans

  12. • Why did the federal government want a transcontinental railroad built? • How did the government encourage the building of the railroad? • Why was standard time created?

  13. Think About • railroads’ effect on time • the way they linked the economy • the way they changed where people settled Recognizing Effects Which of the trends started by railroads are still part of the modern business world? Back to Home

  14. Business leaders guided industrial expansion and created new ways of doing business. Map Main Idea Why It Matters Now These leaders developed the modern corporation, which dominates business today.

  15. Image What are the similarities and differences between Rockefeller and Carnegie? Rockefeller Both Carnegie Started simply Became multi-millionaires and philanthropists Steel industry Tried to make best, cheapest product Tried to control all suppliers Oil industry Created trusts Tried to control all oil refineries

  16. • Why did the number of corporations grow in the late 1800s? • Who is an example of a robber baron? Why? • Why was the South so much less industrial than the North?

  17. Think About • Carnegie and Rockefeller • how most wealthy people gain their money • the differences between the rich and the poor Forming and Supporting Opinions Do you think that wealthy people have a duty to become philanthropists? Explain your opinion. Back to Home

  18. Main Idea To increase their ability to bargain with management, workers formed labor unions. Why It Matters Now Many of the modern benefits that workers take for granted were won by early unions.

  19. 1870 1877 Railroad Strike of 1877 1886 Haymarket Square protest and founding of AFL 1892 Homestead Strike 1894 Pullman Strike 1904 AFL membership at 1.7 million 1910 What key events for workers occurred between 1870 and 1910?

  20. • What hardships did workers face in the late 1800s? • What happened to unions after the protest at Haymarket Square? • How did Carnegie’s company break the union at Homestead mills?

  21. Think About • the Railroad Strike of 1877 • the Homestead Strike • the Pullman Strike Drawing Conclusions In your opinion, was the government more supportive of unions or business in the late 1800s? Explain. Back to Home

  22. REVIEW QUESTIONS ANSWERS: READ AND TAKE NOTES

  23. 1How do inventors protect their rights to what they invent? 2What did Thomas Edison and Alexander Graham Bell invent? 3What geographic feature made building the Central Pacific difficult? 4What took place when workers connected the Central Pacific and the Union Pacific? 5What is a monopoly?

  24. 6What are trusts, and why did some people think they were bad for the country? 7Why did writers Mark Twain and Charles Warner name the late 1800s the Gilded Age? 8What ideas did business leaders fear that unions would spread? 9How did the Pullman Strike begin and end? 10Which unions were led by Eugene V. Debs and Samuel Gompers?

  25. Natural resources Improved transportation Investment capital Growing population Human labor and talent New inventions Problems of Growth Native Americans lose land growth of monopolies and trusts, which kept prices high low pay and harsh conditions for workers violence resulting from strikes Benefits of Growth electric lighting increase in manufactured goods improved transportation settlement of West Analyzing Causes and Recognizing Effects Causes GROWTH OF INDUSTRY AND RAILROADS Effects Back to Home

  26. Use these buttons to go back to the previous slide, or to move forwardin the presentation. These labels let you knowwhere you are in the presentation. To reveal the content of a slide just press the space bar or click your mouse once. When you click on the arrow you will be linked to a related visual. To use a button, move your pointer over the button. When yourpointer becomes a hand,click your mouse. Map Image These buttons linkyou to special areas. Back to Previous

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