1 / 16

Technology & Business: Advancement and Setback

This analysis explores the intersection of technology and business in the context of Western ranching. The migration of cattle to meet Eastern demands posed logistical challenges, leading to the crucial role of cowboys and the development of railroads in the 1870s and 1880s. The rise of the Industrial Revolution introduced transformative technologies like the steam engine and electricity, fostering large-scale production and corporate monopolies. Key figures such as Andrew Carnegie and John D. Rockefeller capitalized on vertical and horizontal integration to shape America's economic landscape, driving innovation and growth amid societal changes.

huela
Télécharger la présentation

Technology & Business: Advancement and Setback

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Technology & Business: Advancement and Setback

  2. Western Ranching • Growing populations and rising standards of living in the East created a demand to move cattle East. • How to get cattle to the East alive? • Long drive to shipping rails • 8-18 Cowboys for every 300-1000 cows • Hard, dangerous, and dirty work

  3. Think about your idea of a typical cowboy: • Now consider: • About 1 in 5 cowboys was Mexican, and 1 in 7 was black.

  4. Railroads • 1870-1880: • 4 transcontinental railroads built • Encourages more settlers • Railroad Companies & Government • Sell land to settlers for $2-$10/acre- • Need railroads to bring supplies to build their homes!

  5. RR’s influence on Public • Before Time Zones were set, when traveling to the east or to the west, would have to change by 1 minute every 12 miles to always have the correct time. • Standard Time Zones= 4 in U.S.

  6. Technology-practical application of science to industry. • 1st Industrial revolution= Steam engine • 2nd Industrial revolution • Electricity • Build factories near raw material and labor • S.F.B. Morse> telegraph • Ties the nation together. • Thomas Alva Edison • Light bulb, phonograph, microphone, motion picture camera. • Alexander Graham Bell • Telephone

  7. What would your life be like without:

  8. Advances in Industrialization • Steel and Henry Bessemer • The Bessemer process revolutionized steel manufacture by decreasing its cost, and greatly increasing the scale and speed. • Steel mills of Pennsylvania were supplied with immigrants from Eastern Europe (Slavic) • Natural Resources • Silver>Comstock Lode, Nevada • Iron Ore>Minnesota • Coal>Appalachian Highlands • Oil>Edwin Drake-Titusville, Pennsylvania

  9. Business • No Government intervention (laissez faire) • Robber Barons • Raise money through selling shares. • Company run by a Board of Directors • Trust • A combination of corporations aimed at creating a monopoly (eliminate competition). • By 1900> 4/5 of all American businesses were trusts.

  10. Andrew Carnegie • U.S. Steel • Richest Man in the World • Vertical integration • Controlling all parts of process of making one product

  11. How to Get Vertical Integration You buy all the: You get a monopoly on:

  12. John D. Rockefeller • Standard Oil • Horizontal Integration • Controlling many companies in the business of producing the same or similar products

  13. How to get Horizontal Integration:

  14. Other Robber Barons • Cornelius Vanderbilt> Railroads • James B. Duke>Tobacco • J.P. Morgan> banking • Philanthropists>give away money to needy groups.

More Related