Electrical generating turbines The rise of big business The transcontinental

Electrical generating turbines the rise of big

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Electrical generating turbines - The rise of big business - The transcontinental railroads - Trade, mass amounts of new raw materials, - Railroads in the US - The first industry to develop large scale management bureaucracy - Open up trae for the continent - Consumed massive amounts of new raw materials (coal, steel, lumber) - The railroads and big business - Railroads were built by private companies that raised money by selling bonds to americana nd foregin investors - Received generous tax breaks and loans from federal, state and local governments - Ex: walmart can buy stocks and can sell for cheap - Development of big business/corporate capitalism (economies of scale) - Government as facilitator, collaborator - Problem of corruption - Bureaucracy: Layer of organism that they’re trained to do - Union pacific: westward from omaha, nebraska (1086 miles) - Central pacific: eastward from sacramento, california (689 miles0 - Later followed by 3 other transcontinental lines - Make transcontinental line smeet - May 10, 1869: two lines meet at promontory point, utah - Use of immigration labor, chinese railroad workers on central pacific line 185,000 immigrants from China (mainly men and weren't allowed to bring family over) - Some attracted from gold rush - Positive and negative features of the railroad boom: - Pos: land became more valuable as railroads passed through (towns and businesses founded along the rail path) - Con: the huge sums of money made profiteering attractive (widespread corruption, scandals) - Anti asian nativism: restrictions on chinese immigration - Chinese somehow to blame taking jobs away from whites - 1882, chine Exclusion Act, excluding Asians from immigrating in the U.S.
- 1943 were they banned the law - Manufacturing and inventions - Registrations of US patents - 1790s: 276 - 1890s: 234, 956 - Telephone: first patented by alexander graham bell in 1876 - Early bell phone - Thomas edison: - Worked at a young age selling papers and candies on trains - 1st major invention: incandescent light bulb 1879 - Others: storage battery - 1882: edison, backed by financier and banker J.P. Morgan began selling power to 85customers in ny - Expanded into edison general electric company 1888 - Problem: direct current limited the lighting system to a 2 mile radius - Nikola Tesla - Developed the first motor for alternating current system - George westinghouse - 18886, developed first alternating current system - Ac motors, turbines and other equipment - Invented brake for railroads - A. Rockerfeller and the oil trust - John D. Rockefeller - Developed a passion for systematic organization and discipline - 1862: baked a refinery started by a fried - Became Standard Oil of Ohio (1870) - Rockefeller's business practices - Formed a company that sought to control shipping of oil products - From railroads, used high volume leverage to get price breaks and information on his competitors - Horizontal integration The standard oil trust - Vertical integration: producing everything necessary to refine and ship oil. Control of all production, distribution, marketing - Creation of trust: a way to control business across state lines -

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