Industrialization Bowe

 How did Railroads impact the economy during this time?

• Moved raw materials (steel, lumber, coal) to factories 
• Used to make artillery and weapons
• Provided money for other industries
• Materials were more expensive and quicker to ship

Why was steel so important? What was it used for?

• Used to make artillery and weapons
• Cheap to import from China
• It came from Minnesota
• Strong. Used for bridges, railways, nails, & skyscrapers 

Who was Andrew Carnegie? (1835-1919)

• Built an oil empire
• Immigrant from Scotland, donated $ to libraries 
• Powerful Banker
• Powerful Railroad owner

Describe JP Morgan 

• Powerful banker & art collector
• Had a monopoly of oil industry
• Owned a steel monopoly
• Built buildings in NY city

Describe JP Morgan 

• Powerful banker & art collector
• Had a monopoly of oil industry
• Owned a steel monopoly
• Built buildings in NY city

Define a monopoly.

• A card game
• businesses that are owned by investors
• A company controls all or most of businesses in an industry.
• Poor families

Describe John D. Rockefeller.

• Built a steel empire
• powerful banker
• Owned Standard Oil Company 
• Had a steel Monopoly

Which statement is not true about new inventions?

• Gas tractors-farmers produce more-people worked in city
• Factories grew & were more efficient 
• Daily life was easier 
• People's jobs did not change.

What were two Communication Advancements of the time? 1870-1920

• Computers and Cordless Phones
• TransAtlantic telegraph & Telephone
• Radio & TV
• Telegram & Pony Express

Why was Thomas Edison such a big deal?

• Great Scientist-cured Polio
• Great Inventor - improved electric light 
• Great Doctor - invented liver transplant
• Great Teacher - taught social studies