Download - The gilded age 1877-1896
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THE GILDED AGE 1877-1896Chapter 16
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Rise of Industrialism
INDUSTRY AND INVENTION
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WHY DID AMERICAN INDUSTRIAL GROWTH OCCUR?
1. Population increases – baby boom & immigration
2. Innovative spirit – new machines and methods
3. Government sympathetic to industry – high tariffs, cheap labor market from immigration
4. New sources of power – oil and electricity
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ROBBER BARONS OR CAPTAINS OF INDUSTRY?
Student mini-presentations Vanderbilt Hill Carnegie Rockefeller Duke Heinz
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VERTICAL AND HORIZONTAL INTEGRATION Vertical – one company is involved in
EVERY aspect of an industry from raw materials to market.
Horizontal – one company completely controls ONE aspect of an industry
Examine the graphic on page 337.
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GILDED AGE INVENTIONS
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Alexander Graham Bell Thomas Alva Edison
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POLITICAL REFORM & REACTION
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SPOILS SYSTEM Elected officials appoint and hire their
friends to government positions. Corruption & Scandals
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LABOR, RURAL, ECONOMICS
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Child labor cartoon Free Silver and the “Cross of Gold” Demonstration of gold
standard/inflation. Farmers
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STANDARD OIL TRUST