Warm Up

1.
2.

What type of people do

you think run industries?
Provide an example of
someone that makes a lot
of money and what they
do to acquire that wealth.

Over the weekend in History

December 7th, 1941:

Attack on Pearl Harbor
US enters WWII
2,400 Americans were killed

Industrial
Growth

Railroads
Helped
expansion west
Easier access
West East

Transcontinental

Railroad:
Started: 1862, Completed: 1869
Built by Irish, Chinese immigrants
Dangerous conditions
Suffered racism, abuse

Steel

Bessemer Process:
Cheaper way to
make steel
Railroad
expansion
Shipping: Rail
replaces water
Cities grow
Taller buildings

Giants of Big Business

Robber Barons
Got rich
developing
industries
Railroad: Cornelius
Vanderbilt
Steel: Andrew
Carnegie
Steel: J.P. Morgan
Oil: John
Rockefeller
Founded Standard Oil First trust

Biznass
Trust:
Companies
join into one
system,
eliminate
competition
Monopoly:
One supplier
of product; no competition
Vertical Integration: Company
makes finished product and
materials needed to produce it

Thomas Edison
Phonograph
(Sound recorder)
Motion-picture
camera (movies)
Electric light bulb
Do things after
dark in
factories,
offices, homes
Inventions
encouraged growth
of industry

John
Rockefeller

With a Partner

The phonograph, motion

picture camera and the
electric light bulb were three
inventions of the 19th century.
Rank them from MOST
IMPORTANT (1) to LEAST
IMPORTANT (3). Justify your
ranking. How did they each
change peoples lives?

Class Question:

Is it acceptable for a
CEO to make millions of
dollars while their
employees work for
minimum wage? Why or
why not? Be prepared
to justify your answers

On Your Own
Take eight minutes and answer the
following question:

Are monopolies bad for

American business? In
a capitalist society, is
it wrong for them to
dictate prices or
eliminate competition?
*Capitalism: Economic system where the means of
production are privately owned and operated for a
private profit

Review
1. What was one result of the transcontinental railroad?
A. Repeal of the Missouri Compromise
B. Use of and discrimination against Chinese labor
C. The growth of sectionalism in the West
D. Migration of rural workers to East Coast cities

2. What was the impact of the Pacific Railway Act (1862)?

A. Regulation of the railroad industry
B. Rapid western expansion
C. An end to Chinese immigration
D. Decline in big city growth
3. Railroad workers laid some 150,000 miles of railroad
track after the Civil War. The track linked cities and
small towns across American. What was one effect of
the growth of railroads in the United States?
A. Greater use of the Oregon Trail
B. Reduced employment in industry
C. Increased migration west of the Mississippi River
D. A decrease in the amount of farm goods sent to the
market

Use the quote below to answer the following question

The Standard Oil company killed its rivals, in brief, by
getting the great [rail] lines to refuse to give them
transportation.
-H.D. Lloyd, The Atlantic, 1881
4. One strategy used by John D. Rockefeller (founder of
Standard Oil) to achieve a virtual monopoly over the oil
industry was to
A. provide cheaper forms of transportation
B. organize workers in the transportation industry
C. lobby the government to regulate the industry
D. control the services needed by other oil companies
5.How did inventions such as Thomas Edisons
phonograph and electric light bulb change American
life?
A. They inspired such inventions as the John Deere plow
B. They affected American leisure activities and industry
C. They resulted in an expanded railroad network
D. They encouraged the building of canals

6. In response to growth in the railroad industry, large

steel mills were built in Pennsylvania and Ohio during
the 1870s. Growth in the railroad and steel industries
led to the development of
A. gold mines in California
C. monopolies and trusts
B. the cotton industry
D. western ghost towns

7. President Grover Cleveland stated, Corporations,

which should be the carefully restrained creatures of
the law and servants of the people, are fast becoming
the peoples masters. Cleveland was referring to the
growth of
A. labor unions
C. the textile industry
B. urban centers D. monopolies and trusts
8. What was the effect of the growth of monopolies?
A. They increased competition among similar businesses
B. They reduced the need for government intervention
C. They spread equal wealth among the entire population
D. They reduced the number of small businesses within an
industry