Industrial revolution
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Transcript of Industrial revolution
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Industrial Revolution
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FactoriesIncrease in Merchandise
Increase in economic power (especially the North)
Led to increased need for Labor
Widened the gap between rich and poor
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Rail Roads
• Had Large control over cost of shipping.
• Controlled large amounts of real estate.
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{• Controlled the
market for a certain item or service.
• Destroyed the idea of competition.
• Heavily influenced Congress
Monopolies
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Famous Monopolies
• Standard Oil - John Davison Rockefeller I
• U.S. Steel• The Unites States Railroads
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Unskilled Labor• No need for Trained individuals• Easy to replace individuals• Led to an increase of immigration• Labor Unions created as a result of bad
working conditions and low pay.
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ImmigrationMany from Ireland, Italy, and other European Countries
Chinese are immigrating on the West Coast
Poor Living Conditions
Low Pay
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Tycoons & Gap Between Rich and Poor
• Many tycoons result of Monopolies• Many poor consist of the new immigrants that are
flooding into the country• Many of the poor crowded into cities • Many want a reform of the current economic system
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Unions
• Created as a result of the horrible working conditions• Many want higher pay• Government involvement wanted by the people• Child Labor Laws
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Movement WestMany people move west because of Gold RushRailroads lead to increase in travel Reduce travel timeMining towns become widespread
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