Wait a second!
More handpicked essays just for you.
First industrial revolution
Industrial revolution introduction
Industrial revolution quizlet
Don’t take our word for it - see why 10 million students trust us with their essay needs.
More handpicked essays just for you.
First industrial revolution
Industrial revolution introduction
Industrial revolution quizlet
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Rockefeller's Standard Oil Company revolutionized the oil industry by creating a modern, efficient integrated business model that helped to lower the cost of oil production and distribution, so he could reinvest into his company. Carnegie's steel empire not only transformed the steel
Consequently to the Civil War, America changed. There was an increase in population, therefore more resources and jobs were needed. Agriculture led production in America and with the surplus in population, a new industry began. The Industrial Revolution, which created innovations, mass production, and factories, was only the beginning of this new phase in America. Then, the industry’s leaders capitalized upon these fresh opportunities and assets.
During the latter half of the nineteenth century, the American Industrial Revolution sprung up. The steel industry began America’s climb to a global leader in industry. More people were drawn to the booming economy rather than to politics. The American industrial revolution was in full gear, and most men had a hunger for wealth rather than for Congress or presidency. During this time, the railroad became a massive industry, not just for transportation, but also for production building of the railroads.
After the end of the American Civil War, there was a long period of republican dominated politics. These republican politicians heavily favored industry, and as a result the United States quickly became an industrial powerhouse in the world. Many entrepreneurs, some of which include John Rockefeller, Andrew Carnegie, and Cornelius Vanderbilt, staked their claim in American industry and shaped the post-war nation. The growth of American industry led to major shifts in the structure of American economics, disagreements over the role of the American government, and changes in American lifestyle. The growth of big business resulted in major shifts in the structure of American economics.
After the time period between 1865-1900 which was also known as the Reconstruction Era, advancements in the industry began to become more efficient. There were many social and political reforms that occurred that applied to this evolution. During the 19th century there were many advancements that changed society like oil, steel, and electricity. Then, creating concepts of big business helps the foundation of the economy. However, the idea of Robber Barons became known as people who used extreme methods to gain wealth through their actions to become the best in the industry, impacting them to become greedy.
At the onset of the late 19th century, the US experienced an influx of new industries, some of which were dominated by a single corporation. With the invention of the Bessemer process, the industries of steel, oil, and railroads boomed. These industries came to be dominated by the companies of industrialists such as Andrew Carnegie, John Rockefeller, and Cornelius Vanderbilt, respectively. America’s Industrial Revolution also spurred on the invention of electricity and other items that enhanced transportation and communication, which ushered in a new era of change for the US. During the Gilded Age, industry affected the social, economic, and political atmospheres through the monopolization of industries, the rise of Social Darwinism, and the
Rockefeller was the founder of Standard Oil, and helped revolutionize the gas and oil industry while Henry Ford revolutionized the factory setting and the assembly line. While JP Morgan was primarily a businessman, he revolutionized the basic business, and became a huge supporting cast for the railroad industry. Finally, Andrew Carnegie innovated the steel production industry, and made steel production and transportation thrive throughout the country. The individuals mentioned above are only a fraction of the many different people that thrived and helped develop America during the Gilded Age”. These famous, or infamous industrialization tycoons thrived during the late 19th century, and created many of the businesses and operations that we know
The major players in creating American big business were John Rockefeller, Andrew Carnegie and Jay Gould. Through their efforts, they changed the way that American businesses operated on a fundamental level. One of the most drastic changes brought about was the introduction of two new business structures, the vertical and horizontal structures. Using either and often times both of these structures, businesses were able to streamline the production process and control the quality and price of materials as well as the final products. Companies that were able to streamline the fastest were able to dominate the market and soon began buying the others, allowing them to easily fix prices.
The Impact of Big Business in the United States during the Late 19th Century The late 19th century became the age of big business because of horizontal integration, laissez-faire, monopolies, and trusts. Andrew Carnegie, John D. Rockefeller, and Gustavus Swift influenced the rise of corporations. Andrew Carnegie created his own iron manufacturer and refined iron into steel making him a top world producer. John D. Rockefeller was the king of petroleum products and pioneered horizontal integration. Gustavus Swift pioneered vertical integration and invested in refrigerated cars.
Rockefeller had his share of defeats as well, having to deal with rebellious workers in the factories. When he told them to work, they simply refused, and Rockefeller grew irritated with the factories, which weren’t running as efficiently as he’d like them to. However, perhaps the biggest mistake out of the three was one decision Carnegie made, and it tarnished his career for a very long time. One decision and it was hiring Henry Frick, a vile man that made sure he got what he wanted, even if it meant violence. Eventually, Carnegie believed that the two of them together seemed to work out, so Carnegie made Frick the second strongest man of the company.
The period after the civil war saw the United States of America economy transform to become a national economy and an industrial giant. The already existing industries quickly expanded and new ones emerged including steel manufacturing, electrical power, and petroleum refining. This period saw the rapid expansion of the railroad network which would subsequently connect even the remote parts of the country into the national economic grid essentially transforming the regional markets into a national economy. Following the economic expansion, the American society was greatly transformed creating a new crop of wealthy individuals and a dynamic middle class. Additionally, there was a vast expansion of blue collar job opportunities which quickly
The Gilded Age, around the 1870s to the late 1890s, led to immeasurable success within the American economy and society. Wealth for a few led to hope for the many, and the idea of becoming immensely wealthy appealed to people. People saw that anybody could rise to the top through hard work and it was exemplified in people like Andrew Carnegie and John D. Rockefeller. This gave them hope and advanced the idea of American exceptionalism and superiority. The process of obtaining wealth led to industrialization and urbanization but also to many problems.
economically, socially, and politically. The Industrial Revolution resulted in the economical transition from an agrarian economy to an industrial economy. The perfection the railroad compounded by improvement in manufacturing and the emergence of capitalism resulted in an economic boom. Manufacturing became the core of America’s economy. Manufacturing greats like Andrew Carnegie, mass produced goods such as steel for extremely low prices by exploiting cheap immigrant labor and the Republicans’ (dominating political power of the era)
During the Industrial revolution in America, there were two classes. Those two were corporations and the industrial workers. The industrial work force were treated kind of like slaves for the most part. On the other hand, the corporations like mangers and CEO`s were very rich and did not really care for their employees. Conflict and cooperation influence so many factors of developments.
The Sioux Indians were allied with many Native Americans during the civil war period. The Lakota tribes, which are apart of the total Sioux population, attacked the settlers and emigrants moving into the land forcing America to respond. America responded by sending an army to Lakota killing many women, men, and children. A series of short followed these attacks, which led the Sioux to flee west to their allies in Montana and the Dakota Territory. This action increased illegal settlement after the civil war, which led to another war shortly.