America Industrializes STAAR Review Factors Promoting Industrialization Technological Innovations Oil drilling and refining Expansion in electricity

ty Sewing Machine Telegraph and telephone Thomas Edison: light bulb Bessemer Process Way to produce more steel Free Enterprise System Economic Freedom Prices set by supply and demand Laissez-faire Limited Govt. interference Rise of Corporations Creation of National Market New methods of selling Building of railroads connected the country Transcontinental RR Connected east to west coast Rise of Captains of Industry John D. Rockefeller Fortune in oil refining Philanthropy Andrew Carnegie Used cutthroat tactics Fortune in steel industry Gospel of wealth Philanthropy Attempts to Control Big Business Sherman Antitrust Act Sought to limit unfair business practices Interstate Commerce Act Conditions of Labor Poor Working Conditions Low wages Long hours No Job Security Child Labor Boring, repetitive tasks Labor Seeks to Organize Unions --> collective bargaining Knights of Labor Haymarket square affair Samuel Gompers AFL