Industry Comes of Age

American Pageant Chapter 24

Top 10 Most Important Themes

1. Railroad= Power, $, and Corruption

Railroad owners used land grants, government subsidies, and liberal & loans to their benefit

2. Transcontinental Railroad
Union Pacific Railroad + Central Pacific Railroad Promontory Point, UT 1869

3. Railroads change the country

Enormous domestic markets and raw goods can now be shipped more easily Mining and agriculture Cities Immigration Ecological effects on land

4. 2nd Phase of Industrial Revolution= Millionaire Class

Railroads, steel, light bulb, etc. Mass production Andrew Carnegie, John D. Rockefeller, Cornelius Vanderbilt, JP Morgan

5. Monopolies and Trusts

Vertical integration--Carnegie & steel Horizontal integrationRockefeller & oil United States Steel Corporation Standard Oil

6. Gospel of Wealth and Social Darwinism

GOW: Carnegies: Wealthy entrusted w/ societies riches needed to be morally responsible (Gave away $350 million) SD: Survival of the fittestthe rich are the fittest Led to justification of rich abusing the poor

Government vs. Trusts

GovernmentLaissez-faire Sherman Anti-Trust Act of 1890
Legal loopholes

8. Workers and Unions

Unions only partially successful Knights of Labor
Samuel Gompers Immigrant anarchists Middle class distrust Terence Powderly

American Federation of Labor

9. Industry changes way of life

Shift from property owners to wage earners More women work outside of home

10. Miss Callister is super cool

Couldnt think of another one. Who has ever heard of a top nine list?