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who were some of the business and industrial titans of the l

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Melisa Samaniego

on 6 February 2014

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Transcript of who were some of the business and industrial titans of the l

Chapter 17
design by Dóri Sirály for Prezi
Who were some of the business and industrial titans of the late 19th and what did they contribute to America’s industrial growth?


Andrew Carnegie cut costs and prices by striking deals with the railroads. Later he bought out rivals who could not compete with him; steel industries.
John D. Rockefeller was the richest man in the world. He owned an oil company and his products were essential to the industrial area.
Henry Ford with his automobile and mass production boomed America’s social, cultural life as well as the U.S. landscape.
JP Morgan nominated corporate and industrial finance. He arranged the merger of Edison General Electric, modernizing the era.
What changes took place in corporate organizations in the late 19th century and how did these changes affect the nation’s economy?
Cars, electricity, mortage bank, oil, and technology changed the U.S. and the world. With these essential items, America changed in lifestyle and quality of living. These corporate organizations modernized and allowed the Industrial Era to transition to the Modern era.

What was the Social Gospel?
The Social Gospel was a religious movement that happened in the U.S. during the late 1800s. The goal of the Social Gospel was to make the Christian churches aware of social problems (poverty). People who participated in the movement stated that social reform was also part of Jesus' message, in addition to one's salvation.


How did Social Darwinism attempt to justify the social consequences of industrial capitalism?
Social Darwinist claimed that just how only the fittest survived in evolution the same applied in human society where only the fittest individuals survived and flourished in the marketplace. Society benefited from the elimination of the unfit and the survival of the strong and talented. Rockefelr once said the growth of a large business is nearly the survival of the fittest. This is not an evil tendency in business. It is nearly the working out of the law of nature and the law of God.
How did the workers respond to the expansion of industrialization and the new industrial economy?
The standard of living for citizens of America was raised. Workers came from all walks of life (from farming to urban), permitting this change to benefit them for the better.
The standard of living for citizens of America was raised. Workers came from all walks of life (from farming to urban), permitting this change to benefit them for the better.
One of the "cons" was children who worked in factories, exposing themselves to a unsanitary environment. At least 1.7 million children under 16 years of age were employed in factories and fields in the 1900's, more than twice the number of 30 years before.
Women who also worked weren't payed enough, they worked for wages as low as $6 to $8 that was well below the minimum necessary to survive and well below the wages paid to men working the same job.a
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