An Industrial And Urban Nation (1876

An Industrial and Urban Nation (1876 -1900) Chapter 19: pg. 576 - 603

Chapter Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Section 1 Objectives ,[object Object],[object Object],[object Object],[object Object]

Foldable activity – folding a paper to look like this . . . Steel Oil Electricity Important figure / figures Major company Major developments Effects of this industry

Steel Industry Steel Important figure / figures ,[object Object],[object Object],Major company U.S. Steel Major developments Bessemer process – make a load of better steel in 10 minutes, not a day. Effects this had ,[object Object],[object Object],[object Object],[object Object]

Oil industry Oil Important figure / figures ,[object Object],[object Object],[object Object],[object Object],Major company Standard Oil Major developments ,[object Object],[object Object],Effects this had ,[object Object],[object Object],[object Object]

Electricity Industry Electricity Important figure / figures ,[object Object],[object Object],Major company General Electric Major developments ,[object Object],[object Object],Effects this had ,[object Object],[object Object],[object Object]

Foldable activity ,[object Object],[object Object],[object Object]

First third - New organization

Second Third – New strategies Vertical integration – owning the businesses involved with each step of production process Horizontal integration – owning all the businesses in a certain field Trust – companies acting together to eliminate competition, form a monopoly

Turning point: Sherman Anti-Trust Act ,[object Object],[object Object],Monopolies should be completely illegal Monopolies should be completely legal

An Industrial And Urban Nation (1876

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