The Gilded Age. Industrialization, Immigration, Urbanization in the U.S. 1865-1910. Essential Questions. How did America industrialize after the Civil War? How did America’s cities grow into the major urban centers we see today?
Industrialization, Immigration, Urbanization in the U.S.
Fueled by production of cheap steel:-used to make heavy machinery in factories, railways, bridges, skyscrapers…
Steel and the Bessemer Process The process of creating this material which was used to make heavy machinery in factories, railways, bridges, skyscrapers to build America
-promoted westward travel and settlement-stimulated urban growth-spurred growth of other industries and helped build a national market
tapped into two new sources
of power:oil and electricity.
Laissez-faire Capitalism: calls for no government regulation of economic matters. -If businesses were free from government regulation, the economy would prosper.
Results: industrialists get rich off new business organizations like the corporation, trust, and monopoly.
The Sherman Anti-Trust Act (1890): declared all monopolies and trusts restraining trade illegal.
-However, because the law failed to define what a monopoly or trust was, it was almost impossible to enforce.