American Industrialization and Wealth in the Gilded Age
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Discover the heavy industrialization post-Reconstruction era, prominent figures like Rockefeller and Carnegie, railroad expansion, and societal impacts. Dive into the Bessemer Process, steel industry, and labor conditions, leading to the Gilded Age's wealth disparity.
American Industrialization and Wealth in the Gilded Age
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Presentation Transcript
Warm Up • Put Essays into a pile up front • Staple all three completed Maps together with name on front and put in a pile up front • Grab a “When Monopoly wasn’t A Game” sheet and use chapter 19 to find some of the answers
Answers! • John Jacob Astor (real estate, fur) • Jay Cooke (finance) • Daniel Drew (finance) • James Buchanan Duke (tobacco) • James Fisk (finance) • Henry Flagler (railroads) • Henry Ford (automobile) • Henry Clay Frick (steel) • John Warne Gates (steel, oil) • Jay Gould (finance, railroads) • Edward Henry Harriman (railroads) • Collis P. Huntington (railroads) • James J. Hill (railroads) • J. P. Morgan (banking) • John D. Rockefeller (oil, the Standard Oil company) • Leland Stanford (railroads) • Cornelius Vanderbilt (railroads, shipping)
After Reconstruction • America rebuilds & begins to expand • Railroad industry at the front of expansion • Settlement out west also driving expansion • Technology also begins to speed process
The Bessemer Process • Made making steel easier
Steel! • Needed for Railroad industry • Tracks • Engines • Sturdier buildings • Skyscrapers
Steel Wealth • Andrew Carnegie • Vertical Conglomeration • Own from source to production
The New South • Southerners recognize importance of industry • “Out Yankee the Yankees” • Steel, tobacco, cotton, lumber • Textile Mills, Steel mills
The Gilded Age • Heavy Industrialization leads to conglomeration of wealth • Robber Barons / Captains of Industry • Wealth / Horrible Conditions for the poor
Railroad Wealth • Corruption and Government Contracts
Standard Oil • John D. Rockefeller • Became largest company in world • Richest man in the world • Monopoly
Workers • Many worked in dangerous conditions • Often injured or killed • Formed Unions • Industrial Workers of the World
Railroads Fuel Westward Expansion Expansion into the Interior Fueled by new faster forms of transportation Tomorrow we will investigate land usage.
The Presidents Film • For each President Watched write down: • 2 Major Events during the Presidency • 3 Facts about each President