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17 Cards in this Set
- Front
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inventors of the age |
inventors in the late 19th century flood the market with new technology technological advances encouraged a great Britain’s industrial revolution and eager for economic development in the wake of the Civil War this investor site the latest ideas upon which they could capitalize both to transform the nation as well as to make a personal profit this inventions where a key piece of the massive shift towards industrialization that followed for both families and businesses is inventions eventually representing a fundamental change in their way of life |
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Alexander Graham Bell |
One of the greatest advancements what’s the telephone which Alexander Graham Bell Patton in 1876 while he was not the first event the concept Bell was the first one to capitalize on it after securing the patent he work for finding financers emphasis mean to create the national bell telephone company |
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Thomas Edison |
Although Thomas Edison is best known for his contributions to the electrical industry is experimentation with Barbie on the lightbulb Edison was quite possibly the greatest inventor of the turn of the century saying famously that he hoped to have a minor and that’s an every 10 days and a big thing every month or so |
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from invention to industrial growth |
as the three tycoons profiles in this section illustrate the end of the night in century was a period in history that offer tremendous financial rewards those who had the right combination of skill ambition unlock it is also critical to note that these different men manage services and ambition where Carnegie felt strongly that it was the job of a love for you to give back in their lifetime to the greater community as follows tycoons to not necessarily agree although he can contributed to many of the soffit efforts Rockefellers financial success was well on the backs and ruined and bankrupt companies and he came to be condemned by progressive reformers to question the impact on the working class as well as the dangers of Consol dating too much power and wealth into one individual‘s hands Morgan saw strictly for the investment in and subsequent purchase of others Hardwork |
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Andrew Carnegie and the Gospel of wealth |
He insisted on up-to-date machinery and equipment energize the man who worked at Amanda system Mills to constantly think of innovative ways to increase production and we discussed I believe that given the circumstances of the successes they should service benefactors to the last fortunate public |
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John do you Rockefeller in business integration models |
Rockefeller was ruthless in his pursuit of total control of the oil refining business as other entrepreneurs slide the area seeking a quick fortune Rockefeller developed a plan to crush his competitors and create a true monopoly in the refining in this industry through it as a method of Grove near mergers and I positions of similar companies known as horizontal integration send it oil groups include almost all refineries in the area in order to control the variety of interests you know maintain an industry Rockefeller created a new legal entity known as a trust in this arrangement a group of trustees for a possessed legal ownership of the business that they operate for the benefit of other investors |
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J Pierpont Morgan |
Ultimately Morgan’s most notable investment and greatest consolidation was in the store industry when he bought Andrew Carnegie in 1901 initially Carnegie was reluctant to sell but after repeated for badgering by Morgan Carnegie names as price and outrageously inflated sum of $500 million Morgan agreed without hesitation and then consultative Carnegies holdings with several smaller still friends it’s great the US steel Corporation you are still was subsequently capitalize that $1.4 billion it was the countries first billion dollar firm |
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building industrial America on the backs of labor |
factory workers in particular suffers from the inequity of the positions owners had no legal restrictions on exploding employees with long hours in dehumanizing and paid work Poor working conditions combined with few substantial options for relief lead workers to frustration and sporadic acts of protest and violence acts that rarely if ever gained them any lasting positive affects |
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working class life |
and I have a factory work week with 60 hours 10 hours per day six days per week although and still meals the workers put in 12 hours per day seven days a week factory owners have a little concern for worker safety according to one of the few available accurate measures as late as 1913 nearly 25,000 Americans lost their lives and the job well another 700,000 workers suffered from injuries that resulted in at least one mist month of work |
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Frederick Taylor in the scientific management |
managers embrace Frederick Taylor‘s principles of scientific management also called stopwatch management where he is stopwatch studies to divide manufacturing task in the short repetitive segments a mechanical engineer by training taylor encourage factory owners to seek efficiency and profitable over any benefits of personal interaction owners adopted this model effectively making workers cogs in a well-oiled machine |
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Child labor |
children were small enough to fit easily among the machines and could be hired for support for a fraction of an adult man’s pay for 1970 through 1900 child labor and factory’s tripled |
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The knights of labor |
what does a kale L’s strength came from this its concept of one bringing the idea that it welcomed always workers regardless of occupation with the exception of doctors lawyers and bankers it welcome to women African-Americans native of Americans and immigrants of all trades and skill levels |
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heymarket affair |
someone in the crowd threw a bomb at the police killing one officer and enjoying another seven anarchist speaking at the protest or arrested and charged with murder they were sentenced to death for two or later pardon and one committed suicide in prison before his execution the press immediately blamed the KOL as well as Powderly for the Haymarket affair despite the fact that neither of the organization or Powderly had anything to do with the demonstration |
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American Federation of labor |
in 18 8620 different craft unions met to organize the national Federation of autonomous craft unions this group became the American Federation of labor led by Samuel Gompers from its inception until his death in 1924 |
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The homestead and pullman strikes |
with no settlement was reached by June 29 Rick ordered a lock out of the workers and hired 300 Pinkerton detectives to protect company property on July 6 as the Pinkertons arrives on barges on the river union workers along the shore engage them in a gunfight that resulted in the death of three Pinkertons and six workers one week later the Pennsylvania militia arise is “strikebreakers into the factory to resume production of all the lockout continued until November it ended with the union defeated and individual workers asking for their jobs back George Foreman fire 3000 of the factories 6000 employees cut the remaining workers wages by an average of 25% and then continue to charge the same high roots and prices in the company homes in store or workers were required to live in shop Impracticality almost all the trains fall into this category and therefore the strike create a nationwide stop it right on the hills of the depression of 1893 seeking justification for sending and federal troops president love Grover Cleveland turned his attorney general who came up with a solution attaching the car to every trade and then sending troops to ensure the delivery of the mill the government also ordered the strike the end wins I was refused he was arrested and imprisoned for his interference with the delivery of US mail |
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a new American consumer culture |
these increased options let’s horizon advertising as business competed for customers furthermore the opportunity to buy on credit meant that Americans could have their goods even without ready cash the result was a population that had a better standard of living than ever before even ask they want went into debt or worked long factory hours to pay for it |
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advertising |
The tremendous variety of goods available for sale required businesses to compete for customers in ways they had never before imagine suddenly instead of a single option for clothing or shoes customers were faced with dozens of weather ordered by mill found out the local chain store or lined up the mass massive roses at department stores this new level of competition and advertising the vital component of all businesses |
