Industrialization & Immigration

Mercantilism

Industrialization

Socialism

Capitalism

Urbanization

Mechanization

Immigration

Natural Resources

Bessemer Process

Global Process

Iron Range

Welding Process

Monopolies & trusts all would dominate industry in the U.S.

Workers faced harsh working and living conditions

The United States has a rich supply of natural resources

Labor unions would grow in response to a demand for protection of workers

Inventions helped make businesses run more efficiently

Labor unions would grow in response to a demand for protection of workers

The building of the transcontinental railroad lowered the costs of shipping

Many small businesses merged together to form large companies

Oil

Steel

Railroad

Oil

Steel

Railroad

through vertical integration in which he controlled all parts of production, from the suppliers of raw materials to the manufactured product

he developed a trust in which he merged together companies in the same phase of production

through horizontal integration in which he bought out his competitors and sold them to be controlled by a board of trustees

it was a business that competed with other oil companies in oil production

it was an anti-trust business set up by the U.S. government to control the oil industry

a trust, which brought together other oil firms to be controlled by a board of trustees

a company that used horizontal consolidation to control all phases of the production of oil

it states that the government should keep its hands off the economy so businesses will offer low prices

that the rich were the most "fit" in society and helping the poor would only preserve the unfit

that hard work and material success were signs that God favored the wealthy

that the wealth had a God-give responsibility to help other by donating their money