dThe Rise of Industry Part I: The Intellectual Underpinnings of Industrialization – Read the following documents and answer the questions below. Document A (Adam) Smith was among the first to make a clear and convincing case that when individuals follow their own self-interest‚ it automatically works to the benefit of society as a whole. As individual competitors pursue their own maximum profit‚ they are thus forced to be more efficient. This results in cheaper goods in the long run.
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cheap labor in the form of immigrants. Among these entrepreneurs were John D. Rockefeller‚ Andrew Carnegie‚ Cornelius Vanderbilt‚ and George Pullman. Each made a name for themselves by forging their own corporate empire. Rockefeller was an industrialist and philanthropist who made his fortune by founding the Standard Oil Company in 1870. Attempting to monopolize the industry and squeeze out the middle man‚ Rockefeller slowly gained almost complete control of the oil industry. He formed the powerful
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Lauren Martinez APUSH Ms. Pellecchia February 2013 America’s industrial growth during the period from 1870 to 1900 was greatly impacted by growth of large corporations that affected the economics and politics of our nation. As corporations began to grow‚ so did their power and influence. Their numbers grew to be so significant that they were known to be one of the major forces within the United States‚ with both a great amount of power and the ability to control much within
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I.S.119 Nicola Zabiega Class 803 November 1st‚ 2012 BILL GATES OUR MODERN DAY ROBBER BARON You cannot live on past applause’ Ever since the industrial revolution in the 19th century the business men of America have tested to the limits of how far you can go to produce a product at a quick pace‚ and a cheap price. The start of this came many methods and new strategies to help earn the most money possible from the consumers. They worked off on the
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The late 19th century and early 20th century‚ dubbed the Gilded Age by writer Mark Twain‚ was a time of great growth and change in every aspect of the United States‚ and even more so for big business. It was this age that gave birth to many of the important modern business practices we take for granted today‚ and those in charge of business at the time were considered revolutionaries‚ whether it was for the good of the people or the good of themselves. The exact period of time in which the Gilded
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do that. Sample Question (DBQ #7 in back of text): Historians have often portrayed the capitalists who shaped post-Civil War industrial America as either admirable “captains of industry” or corrupt “robber barons.” Evaluate which of these descriptions – “captains of industry” or “robber barons” – is a more accurate characterization of these capitalists. Use these documents and your knowledge of the period 1875-1900 to compose your answer. Sample Thesis: Because they created so many job opportunities
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AP United States History – Chapter 24 Essay 1. In what ways did the railroad construction between 1865 and1890 transform American society and the American economy? 2. In what ways did American industrialists consolidate their businesses and eliminate competition? How was this business consolidation perceived by the public? 3. In what ways did the American government promote the growth of the American economy in post bellum America? To what extent did they regulate business activity? Between
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and horizontal integration were tactics used to make business grow faster. Vertical integration is the acquiring of material from the bottom up for means of production‚ for example Carnegie used this strategy. Horizontal integration is the controlling of other companies that produce the same product‚ which Rockefeller used. The corporations were so large that they could and some did‚ force out the competition which resulted them in gaining control of that particular market. This allowed corporations
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From the nineteenth century to the present‚ the United States has been hailed as a "land of opportunity" where individuals could achieve personal‚ political‚ religious‚ and economic freedoms. The image of the "land of opportunity" was true to different degrees for the African-American sharecropper in the postwar South‚ the immigrant at Ellis Island‚ and the wealthy capitalist or manager in the period from eighteen-sixty five to nineteen-fourteen with the African-American being at the low end of the
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g. “Social Darwinism and Social Gospel”) AMSCO pp. 333-347 (CH 17) EV pp. 543-573 (CH 18) ESSENTIAL QUESTION (S): INDUSTRY AMSCO To what extent is it justified to characterize the industrial leaders of the 1865-1900 era as either “robber barons” or “captains of industry”? 2001 FRQ #4 How and why did transportation developments spark economic growth during the period from 1860 to 1900 in the United States? LABOR 1998 FRQ #3 Analyze the impact of any TWO of the following on the
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