“A New Industrial Age”

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“A New Industrial Age”. Chapter 12. A New Industrial Age. I.) Why Spread To America?. Industrial boom due to several factors : 1. abundant natural resources 2. govt. supported business 3. urban population = cheap labor 4. rise in population = market for new products. - PowerPoint PPT Presentation

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I.) WHY SPREAD TO AMERICA?

A. Industrial boom due to several factors:1. abundant natural resources2. govt. supported business3. urban population = cheap labor4. rise in population = market for new products

II.) NEW INNOVATIONSInventor Invention DateJames Watt Reliable/Modern Steam Engine 1775Eli Whitney Cotton Gin 1793Robert Fulton Steamboat 1807Samuel Morse Telegraph 1836Elias HoweIssac Singer

Sewing MachineImproves/Markets Sewing Machine

18441851

Henry Bessemer Process for Mass Production of Steel

1855

Alexander Graham Bell

Telephone 1876

Thomas Alva Edison Phonograph & Light Bulb 1877/1879And the most important………

B. Transcontinental Railroad: Union Pacific & Central Pacific connect east to west on May 10, 1869

Promontory Point, UtahMay 10, 1869

IV.) RAILROAD ABUSES & REFORMSA. Abuses by the Railroad:

-misuse of govt. land grants-price controls-shipping charges

E. Credit Mobilier: a1864 corruption scheme which Union Pacific stockholders formed a construction company to skim off railroad profits for themselves

Outcome: - Union Pacific officials pocket 23 million

- Kickbacks to govt. officials - Republican Party tarnished

Then…..

B. Granger Laws: laws protecting the farmers

& regulating the railroadsExample: set maximum rate for

shipping goods!!Outcome: Munn v. Illinois(1877)

(upheld the state’s right to regulate the railroads)

C. Interstate Commerce Act: govt. has the right to

supervise railroad activities

- created a 5 member commission to oversee

(ICC)

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