Robber Barons and Industrialism

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Robber Barons and Industrialism
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Railroads

• First big business
• By 1890, 1/10 of nations wealth
• US govt loans and land grants

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More Railroads

• Western settlement
• Immigration
• Technology
• Ease and of travel

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Telegraphs

• Western Union trade, stop
• Small RR companies
• Big Gulp
• National unity/identity

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Kerosene
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Oil!

• Hired to investigate investment promise of oil
• Tough and ruthless!
• Rough and toothless!
• Standard Oil Trust
• 90 by 1879

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Steel

• Bessemer and Kelly
• Strong, durable, cheap

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Steel 2 Cruise Control

• Production boom
• Prices plummet
• Vertical Integration

Andrew Carnegie
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Steel 3 Im Drawing a Blank

• US Steel
• Stewardship

J.P. Morgan
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Electricity

• Alternating Current
• Direct Current

George Westinghouse
Tommy Edison
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Communications

• Motion pictures
• Typewriter

George Eastman
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Telephones 1885-1900

• 100 mergers later

Alex Bell
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What was the most important invention of 19th
century?

• Cigarette rolling machine!
• Returned prosperity to the New South