Essential Questions Ch20 Industrial Growth 1. Why were railroads important to the growth of industry in the late 1800s? (sec.1) 2. Did monopolists do more good or bad in growing industries under capitalism? (sec.2) . !ow are technologies important in growing industry and business? (sec.) ". !ow should wor#ers react to bad pay$ long hours$ unsafe wor# conditions and child labor? (sec.") Section 1: Railroads Spur Industry Focus% !ow did &anderbilt create a huge railroad company? 'n what other ways did railroads (other businesses too) get rid of competition from other companies? !ow did railroads help create a boom in the economy? oca!ulary% &anderbilt (ompetitors)(ompetition (onsolidate)(onsolidation (onsumers *ebates +ools Section 2: "he Rise o# $i% $usiness Focus% What techni,ue created cheap but strong steel? !ow did (arnegie create a steel company that produced more than all of -ngland? Why would a business become a corporation? !ow did .+ /organ become so powerful 0 own so many businesses? What did *oc#efeller do to dri1e out ri1al oil companies? !ow are trusts and monopolies similar? !ow does a free enterprise system (capitalism) wor#? Why are monopolies bad for the economy? !ow did the go1t. try to control monopolies? oca!ulary% 2essemer process 3ndrew (arnegie &ertical integration (orporation 4toc#s Di1idends 'n1esting)'n1estment .+ /organ .ohn D. *oc#efeller 5rust /onopoly 6ree enterprise system (capitalism) 4herman 3ntitrust 3ct Section &: In'entions Chan%e the (ation Focus% !ow were in1entions helping industry)business? What was so remar#able about a transatlantic cable or the telephone? Why was 5homas -dison called the 7Wi8ard of /enlo +ar#9? What did !enry 6ord create that helped change many other businesses? !ow does mass production help consumers? What did the Wright brothers create? oca!ulary% +atent 5ransatlantic 3le:ander ;. 2ell 5homas -dison !enry 6ord 3ssembly line /ass production <r1ille 0 Wilbur Wright Section ): "he Rise o# *r%ani+ed ,a!or Focus% !ow did the wor# place get worse in the late 1800s? What did the =nights of >abor fight for? !ow did the !aymar#et 4,uare *iot hurt unions? What did the 3merican 6ederation of >abor do to e:pand membership in this union? Why was collecti1e bargaining important for wor#ers? !ow did women and women?s groups fight in the wor# place? What changes resulted from the 5riangle 4hirtwaist 6ire? !ow did stri#es help turn public opinion against unions? oca!ulary% 4weatshop Wages ;arment 5e:tile 4tri#e =nights of >abor 4tri#ebrea#ers (scabs) 3narchists !aymar#et *iot 3merican 6ederation of >abor (36>) 5rade union (ollecti1e bargaining /other .ones 5riangle 4hirtwaist 6ire