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Second Industrial Revolution

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by

Cesar Ramirez

on 11 February 2013

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Transcript of Second Industrial Revolution

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Images from Shutterstock.com Economy Economy Government Second Industrial Revolution started because of advances in technology
steel,electricity,chemicals
new machines increased the demand of iron and steel
these plans and technologies were stolen from Britain
Germany and U.S passed Britain
produced more goods
faster and more efficient
need for bigger business and profits Students will analyze and/or explain the social and/or political causes and/or conditions in government, society, and the economy that contributed to the Second Industrial Revolution Benchmark Clarification Second Industrial Revolution By Cesar Ramirez Corporations
people buy stocks and own part of business
Monopoly
a corporation that controls an industry
Rockefeller- Standard oil
Cartels
several corporations that get together and set prices Why Monopolies and Cartels were bad?
eliminated competition because of illegal practices caused by government
government try to regulate these big corporate businesses
In 1890 congress passed the Sherman Anti-Trust Act- banned monopolies that interfered with interstate commerce
Interstate Commerce Act- regulated railroad because of the monopoly on transportation business Population population grew because people were living longer
food could be grown quicker and cheaper;
the result was that more people could afford better food
microbes were better understood; soaps and sanitized cities
hospitals were cleaner and spread of disease slowed down
Urbanization-less people needed to farm;people moved to the cities; promise of factory jobs Working conditions long hours with low wages
harsh working conditions
pollution
fatalities and injuries were common
were fired for slowing down,breaks, and getting hurt
Child Labor
educational reforms in the mid nineteenth century; labor laws against child labor brought by committees through state legislature
in the 1900s 18% of all workers were under 16 years old
they were hired because they could be payed less, hard to organize for unions Society much more people in the cities meant new social classes
middle class/peasants
started to get social/political power
growth of educational system (this led to educational reform)
the nation wanted better citizens; Nationalism
citizens needed to read/write to work in cities
Social Darwinism- derived from Darwin's theories; "racist theory"
a belief that whites were superior
rich were better than the poor Government Policies Laissez Faire-government policy during second industrial revolution; government isn't going to interfere with business
- idea came from Adam Smith
- philosophy leads to depression
Full transcript