American History 10 27 14 Do Now Industrialization

American History 10 -27 -14 Do Now = Industrialization Pre-Test Agenda Analyze Data Multimedia Overview Notes Student Workbook Project

You decide: • Vanderbilt, Rockefeller, Carnegie, Morgan Robber Barons or Captains of Industry?

Central Question • Was the period from 1877 to 1920 a time of PROGRESS for the United States? • Work with a partner for 5 minutes. • Open your book to pages 184 -185. • Write down 7 inventions shown on the pages. • How do new inventions lead to progress?

How did trains create jobs? • Work with a partner. Write in your notebook. • Open your book to page 190. • Use the picture titled Technology and History to find the jobs. • List 3 jobs needed to build railroad engines and cars. _____________________ • List 3 jobs needed to build railroad tracks. _____________________ • List 3 jobs you could have working for a railroad _____________________

Cornelius Vanderbilt =RAILROADS • 3 minute video overview of Cornelius Vanderbilt http: //mrortlieb. weebly. com/industrialization. html • What is THE MOST IMPORTANT thing in the 19 th century? • What did Vanderbilt build in New York in addition to railroad lines?

You decide: Robber Baron Or Captain of Industry

Andrew Carnegie = STEEL • http: //mrortlieb. weebly. com/industrialization. html • Name 3 things built with steel. ____________ • Vertical Integration = owning the steel factories AND businesses needed to make steel (mines, quarries, ore fields)

Coke fields Vertical Consolidation purchased by Carnegie Iron ore deposits purchased by Carnegie Steel mills purchased by Carnegie Ships purchased by Carnegie Railroads purchased by Carnegie

Monopolized the steel industry • Rags to riches story---came from Scotland very poor. • Used scientific ideas to develop a better way to produce steel and sell a quality a product for an inexpensive price. • Used Horizontal integration. Carneige Picture

John D. Rockefeller = Oil • http: //mrortlieb. weebly. com/industrialization. html • Vertical Integration and Horizontal Integration

• Came from a wealthy family • Bought a substitute during the Civil War. • Formed Standard Oil - first in the oil industry • First US billionaire by 1900. • Vertical and Horizontal Integration to gain a monopoly in the oil business. Cartoon Rockefeller

J. P. MORGAN = BANKING • • http: //mrortlieb. weebly. com/industrialization. html What did his dad let him hold when he was a young boy? _________ What does every economy need to keep going? _____________ Loaned money to the US Treasury and saved it from bankruptcy.

JP Morgan = Banking -Bailed out US Treasury - Accused of manipulating the nation’s financial system for his own gain -Too much power

Big Business Student Workbook p. 49 Steps to eliminate competition Slashed prices temporarily Pools Vertical integration • Student Workbook - Big Business • Read p. 49 -50 • Complete questions 1 -2 on p. 51 Horizontal integration

PROJECT Do you think this is a good title for this cartoon “The Protectors of Our Industries”? Explain why. Cornelius Vanderbilt Business Wages per week Russell Sage Marshall Field Jay Gould

How effective was it for the artist to depict Standard Oil as an octopus? ______________________________ To what extent do both cartoons indicate the artists’ concern for workers? _____________________________