From 1760 to 1830 the Industrial Revolution was largely taking place in Britain. The major changes involved in the British Industrial Revolution were technological, socioeconomic, and cultural changes. One of the biggest technological movements for the British was the use of mechanical power and was the key to success of Britain’s Industrial Revolution. The British designed and built water mills and steam engines that efficiently powered a wide variety of machines and equipment. With this new development, entrepreneurs began to open new workshops and forced their employees to work long strenuous hours to produce their goods.
Qtynness X. Franklin Mrs. Collins LMG 332 6/29/11 The Legacy of John D. Rockefeller John D. Rockefeller created one of the greatest monopolies of the nineteenth century. Rockefeller dominated the oil industry with his company’s monopolistic methods of underselling, differential pricing, and transporting rebates. As ruthless as the Standard Oil Company was before its separation; Rockefeller gave away vast amounts of his wealth to charities making him a true philanthropist. Philanthropy played a big part in Rockefeller’s life, before and after the Standard Oil Company. Rockefeller defined modern philanthropy by donating more than 550 million dollars to charities, churches, schools of all kind, and organizations throughout the nation.
Along with the “working class” came the rights of men during work, like for example the limit of daily working hours, and the breaks a worker must have between its hours of work. Britain would be the perfect example of letting the economy be their driving force in their empire. Britain had years of experience in Imperialism. When “creating an empire” started to get popular around Europe, Britain had already a large empire, which gave them more military power. Britain was remarkable for the freedom it provided for private enterprise.
England was rich in supplies of coal for energy, and iron for construction. England’s population grew rapidly in the 18th century. Britain was the leader of the Industrial Revolution because of better production possibilities, a large necessity for work, and a more modernized form of government. Prior to the Industrial Revolution, England transformed from a traditional agricultural nation to an industrial powerhouse. The industrialization of England required a vast abundance of resources; England quickly colonized many areas of Africa and South Asia.
Mellon, George Westinghouse, and Charles M. Schwab is credited as Industrialists. They built their fortunes in Pittsburgh and left an enormous mark on the city. Andrew Carnegie is probably the most recognizable out of the bunch due to the fact that he founded the Carnegie Steel Company, Carnegie Library in 1890, and Carnegie Institute in 1895, and in 1895 he sold his mills for $250 million dollars. He devoted his life to public service by establishing libraries, trusts, and foundations that include Carnegie Institute of Technology which is now Carnegie Mellon University, and the Museums of Pittsburgh. Over the years there has been some controversy over how to spell Pittsburgh, considering in 1890 the U.S. Board on Geographic Names decided that the ‘h’ had to be dropped from all cities and towns ending in ‘burgh.’ Historically since the founding in 1758 Pittsburgh has been spelled with the h and in 1911 the citizens protested the board because they wished to preserve the historical value of the name and it was reversed to keep the h. Although there are some dictionaries and papers from the 19th century that use the Pittsburg
The process of industrialization and immigration led to the Progressive Movement. Industrialization is the use of machines in factories to produce goods. Immigration is the movement of people from one place to another. The Progressive Movement attempted to deal with corruption in politics and big business. All of these issues helped to shape the American nation and its people.
People would invest in corporations to benefit from the profit that the corporation was making. They would pay for the corporation to build its product and take profit according to how many stocks they bought. When Thomas Newcomen came up with the idea of a steam engine, investors did their job an invested in it. When the steam engine was finally perfected, everywhere in the world people were using steam engines. So "during the 19th century, the society and economy were completely altered due to the many new inventions created"(Essay written by Haisam Daouk, Hayat Showail, Kristelle Manassian, and Shahnaz Maktabi).
The New Deal and programs created to cure the Great Depression Many economists believe that Franklin D. Roosevelt or FDR was one of the greatest presidents ever elected; thus, his resume does speak for himself. He was the only president to be elected four terms in a row. There are many great things that FDR did for America; however, creating the New Deal was one of the most important things FDR accomplished for our nation. During a time of hardship in America, FDR, with his optimistic way of thinking gave hope to the American people during the Great Depression. The New Deal consisted of many different programs in order to stimulate the economy and provide help to the people.
The Making of Industrial Society 1. Industrialization refers to a process that transformed agrarian and handicraft-centered economies into economies distinguished by industry and machine manufacture. The principal features of this process were technological and organizational changes that transformed manufacturing and led to increased productivity. 2. Coal played a crucial role in the industrialization of Great Britain.
Jack Welch On September 6, 2001, Chairman and Chief Executive Officer of General Electric Corporation, John Francis Welch Jr. retired after devoting 41 years to GE. With his innovative breakthrough leadership style as CEO, Welch transformed GE into a highly productive and efficient company. During his tenure as CEO, Welch made GE one of the most profitable companies in the world. Although some people viewed him as a ruthless CEO responsible for putting profits above human and community concerns, he is still one of the most respected business leaders with a global vision. Welch was praised as the model corporate executive for producing higher profits year after year.