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Steel Railroads increased the amount of steel being used in two ways- 1st: The railroads used steel for their rails 2nd: Railroads made it much easier to transport large quantities of the natural resources needed to produce steel (iron & coal), which increased the demand for those products The steel industry developed cheap, efficient methods for the mass production of steel rails.
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SSUSH11 a, b, & d a. Explain the impact of the railroads on
other industries, such as steel, and on the organization of big
business. b. Describe the impact of the railroads in the
development of the West; include the transcontinental railroad, and
the use of Chinese labor. d. Describe the inventions of Thomas
Edison; include the electric light bulb, motion pictures, and the
phonograph, and their impact on American life Steel Railroads
increased the amount of steel being used in two ways-
1st: The railroads used steel for their rails 2nd: Railroads made
it much easier totransport large quantities of the natural
resources needed to produce steel (iron & coal), which
increased the demand for those products The steel industry
developed cheap, efficient methods for the mass production of steel
rails. Railroads Railroads Railroads also reshaped the steel
industry (and many others) by developing vertical integration
Railroad owners bought iron mills, coal mines, and factories which
produced railroad cars Railroads helped to spur the Gilded Age The
Gilded Age InUnited States history, theGilded Agerefers to the era
of rapid economic and population growth in the United States during
the postCivil Warand post-Reconstruction erasof the late 19th
century. The term "Gilded Age" was coined byMark TwainandCharles
Dudley Warnerin their bookThe Gilded Age: A Tale of Today. The
Gilded Age is most famous for the creation of a modern industrial
economy. During the 1870s and 1880s, the U.S. economy rose at the
fastest rate in its history, with real wages, wealth, GDP,
andcapital formationall increasing rapidly Transcontinental
Railroad
Transcontinental Railroad In 1862 Lincoln signed the Pacific
Railway Act which helped create the transcontinental railroad Much
of the western portions of the railroad was built by Chinese
laborers, specifically brought to the US to work on the railroad
The Transcontinental Railroad was completed in 1869 The Railroad
transported settlers west and goods east. Impact of the Railroad on
the West
The Transcontinental railroad helped spur growth by: increasing the
number of markets (places to sell products) requiring an enormous
amount of raw and finished materials to build and supply the
railroad Because it connected the east coast to the west coast, it
opened up the west for settlement. Big Business During the Gilded
Age, there was a growth in big business and corporations.
Corporation: An organization owned by many people. The economic
philosophy of the times was Laissez-Faire Capitalism The belief
that the government should not regulate businesses and the economy.
Mass production was adopted by businesses to maximize profit. Mass
Production: Using machinery to produce a large amount of a product
in a short period of time, at less cost. Information quoted from:
https://trammell-ushistory.wikispaces.com/.../Railroads+and+Big+Business
Big Business Leaders of big business applied Social Darwinism to
business practices. Social Darwinism The theory created by Herbert
Spencer that applied Charles Darwins theory of evolution and
survival of the fittest to human beings. Captains of Industry Name
given to big business leaders who were extremely successful using
ruthless business tactics. John D. Rockefeller Standard Oil Andrew
Carnegie Carnegie Steel Company Also were referred to as Robber
Barons Information quoted from:
https://trammell-ushistory.wikispaces.com/.../Railroads+and+Big+Business
Consequences of Big Business
These big businesses used their financial power to try to dominate
politics. Due to this, the state and national governments used
reform movements to try to limit big business control over American
society. Thomas Edison Invented the phonograph, light bulb, and the
motion picture all in the late 1800s Created a research lab to
develop and perfect his inventions The Impact of Edisons
Inventions
Long distance electricity transmission Electricity replaced steam
as a source of power Street cars using electricity to run replaced
horses Electricity replaced humans in the household for powering
appliances (ex. a blender) Closing What industries did the
railroads positively affect?
What groups of people were brought to America to help build the
Transcontinental Railroad? What does Laissez-faire mean in your own
words?