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INDUSTRIAL SUPREMACY

INDUSTRIAL SUPREMACY. Factors that Contribute to Growth of American Industry. *Abundant Raw Materials *Growing Labor Supply *Technological Innovations *Emergences of Talented, Ruthless Entrepreneurs *Gov. eager to help Business *Large, Expanding Market.

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INDUSTRIAL SUPREMACY

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  1. INDUSTRIAL SUPREMACY

  2. Factors that Contribute to Growth of American Industry

  3. *Abundant Raw Materials *Growing Labor Supply *Technological Innovations *Emergences of Talented, Ruthless Entrepreneurs *Gov. eager to help Business *Large, Expanding Market

  4. Technology & Industry *Cyrus Field – Transatlantic Cable 1866

  5. *A.G. Bell Phone 1876 by 1890 AT&T ½ million phones

  6. Steel *Bessemer Process *Abram Hewitt-Open Hearth Process

  7. Iron Ore Freighters

  8. Pittsburgh 1900

  9. Marconi & the Radio 1896

  10. 1903 - Wright Brothers

  11. Samuel Langley

  12. 1901 Glider

  13. Wilbur Wright October 29, 1909

  14. 1893 Charles & Frank Duryea

  15. 1896 Ford Quadricycle

  16. Science of Production

  17. Frederick Winslow Taylor Scientific Management “Taylorism”

  18. Subdivide tasks to speed production

  19. Ford Assembly Line *cuts time from 12 ½ to 1 ½ h *cuts price 1914 $950 1929 $290

  20. Menlo Park

  21. Thomas Edison

  22. Edison and George Eastman

  23. Firestone Ford Burroughs and Edison

  24. Railroad

  25. Mileage 30,000 in 1860 193,000 in 1900

  26. Cornelius Vanderbilt James Hill

  27. J. P. Morgan

  28. Robber Barons

  29. Andrew Carnegie

  30. Horizontal Integration

  31. Vertical Integration

  32. Corporation Trust Holding Company

  33. John David Rockefeller

  34. Forces Railroad to cut prices for him Uses both horizontal & vertical integration by age 33 owns 90% of refineries

  35. Undersells competition to force them either into bankruptcy or to sell Becomes the first billionaire

  36. Herbert Spencer Social Darwinism

  37. Gospel of Wealth

  38. Andrew Carnegie

  39. Skibo Castle

  40. Horatio Alger

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