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Industrial Age - labor supply
Migration from farms to cities, from 1860-1915 the population doubled, the urban population grew by 700%
Farms were becoming much larger and was starting to become mechanized so less human power was needed. -
Cornelius Vanderbilt
He’s started out in the shipping business, he bought his first ferry boat when he was 16.
Eventually he saw that railroads were going to be a big part of the future so he sold all of his ships and invested it into railroads.
Became the wealthiest man in America.
He build the grand central depot.
His net worth would be worth 143 billion dollars in today. -
Progressive Presidents
Theodore Roosevelt
William H. Taft
Woodrow Wilson -
Natural Resources
Raw Materials- Coal, Iron ore, and timber
Fertile Soil
Swift Moving Water = power & transportation -
Labor Supply
High birth rate
Immigration from Europe and Asia
Women and children -
Technology
Telephone = better & fater communication
Electricty = more production power
factory system = fater production
Interchangeable parts = assembly line
New Inventions = more & better goods -
Laissez-faire
The belief that the government should stay out of the business regulations. -
Captain of Industry
Fae back to their communities bu participating in philanthropy. -
Capitalism
An economic system in which investments in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations. -
Patent
A government-issued document that protects an investor's exclusive right t profit from his/her invention for a set period of time. -
Protective Tariff
A tax on imported goods that are intended to protect a nation's businesses from foreign competition -
Monopoly
Control of one business able to set the market price for an item. -
Imperialism
A period of time when strong countries take over weak ones -
Robber Baron
A person who made an excessive amount of money in business. Person was thought to have used unfair business practices and showed little empathy for the common factory worker. -
Theodore Roosevelt
- Born into extreme wealth in New York City
- Elected to the New York State Legislature at age 24
- Became Governor of New York in 1899
- Became vice president under McKinley
- Became president after McKinley’s assassination and TR becomes president at age 42
- Supported the “Square Deal”
- TR pushed health laws after reading Upton Sinclair’s “The Jungle”
- Passed Meat Inspection Act & Pure Food & Drug Act
- Won the Noble Peace Prize for mediating Russo-Japanese Peace.
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Civil War
North and the south are fighting over slavery. -
The North (The Union) 1865-1877
- Led by Ulysses S. Grant
- Had more factories, more food production, larger troop number, more railroads, better navy, & Abraham Lincoln
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Reconstruction Era. 1865-1877
Rebuilding of the North and rejoing the south back into the Union. -
Reconstruction Amendments
- 13th Amendment prohibits slavery
- 14th Amendment tells states that you cannot deprive citizens of life, liberty, or property without "due process" & States must provide "equal protection" to all citizens under the law.
- 15th Amendment cannot deny right to vote based on race.
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Election of 1868
Ulysses S. Grant was elected President. -
The South (Confederate States) 1865-1877
- It was led by Robert E. Lee
- Had lots of military leadership advantages
- Lee surrenders to Grant at Appomattox Courthouse on April 9, 1865
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Industry Exploited workers
Men would usually work in coal mines and women/ young girl’s would work in factories.
Women made up 50% of the work force in factory’s in the 1880’s. -
Conditions of work places
There was very low pay for long hours. It was poor and unsafe working conditions. Each working never could stand a chance against an employer so that made them feel powerless. -
Spanish American war
War declared on Spain on April 20, 1898 -
Causes of war
USS Marine explodes
protecting American business
America supports Cuba's independence
