American History10-27-14

Do Now = Industrialization Pre-TestAgenda

Analyze DataMultimedia Overview

NotesStudent 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?

Online Stopwatch.url

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 19th 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

Iron ore deposits

Ships

Railroads

purchased by Carnegie

purchased by Carnegie

purchased by Carnegie

purchased by Carnegie

Steel mills

purchased by Carnegie

Vertical Consolidation

Vertical Consolidation

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.

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

•Student Workbook - Big Business •Read p. 49-50•Complete questions 1-2 on p. 51

Slashed prices temporarily Pools Vertical

integrationHorizontal integration

Do you think this is a good title for this cartoon “The Protectors of Our Industries”? Explain why.

Cornelius Vanderbilt Russell Sage Marshall Field Jay Gould

Business

Wages per week

PR

OJE

CT

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? __________________________________________________________