HYWeek2.pdf HY 104
Popular in American Civilization Since 1865
Popular in History
This 2 page Class Notes was uploaded by Jenna Ferrara on Monday January 26, 2015. The Class Notes belongs to HY 104 at University of Alabama - Tuscaloosa taught by Bart Elmore in Spring2015. Since its upload, it has received 170 views. For similar materials see American Civilization Since 1865 in History at University of Alabama - Tuscaloosa.
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Date Created: 01/26/15
Week 2 January 19 22 Second Industrial Revolution Fosters A New Gilded Age 1870s19OO Key Terms Gilded Age Union Pacific Alezander Graham Bell Thomas Edison Andrew Carnegie Vertical Inegration Standard Oil PONP SJ39erSNNtquot CocaCola Central Question What forces encouraged big business growth during the Gilded Age 1 The 2nd Industrial Revolution Central Pacific amp Union Pacific railroad connect to become 1St US transcontinental railroad May 10 1869 Promontory Summit Utah Union Pacific 9 first transcontinental railroad in the US Railroad Act of 1862 Abe Lincoln Union Pacific contracted A TechnologicalTransformations Railroads Create new markets Build cities Consume goods 1St big business Communication Telegraph 18600s large scale infrastructure development 1861 Western Union large scale telegraph 1876 Alexander Graham Bell from Scotland invents telephone Thomas Edison Phonograph 1877 Light bulb 1879 Electric Power Generator 1880s B New Forms of Business Organization Monopolies amp Trusts Andrew Carnegie Carnegie Steel Company 1901 becomes US Steel Vertical Integration 9 owning everything from top to bottom within ONE firm ohn D Rockfeller Standard Oil Horizontal Integration 9 buying up the competitiors Week 2 January 19 22 C Government Aid to Big Business Union Pacific paid by with government bonds over 50 million Lax incorporation laws in Delaware and New Jersey D Cheap Immigrant Labor 11 The Era of MassMarketed Consumer Goods Arrives A Coca Cola Capitalism Iohn Pemberton invented Coke Atlanta 1886