INDUSTRIAL ECONOMY OF THE UNITED STATES

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INDUSTRIAL ECONOMY OF THE UNITED STATES by Mind Map: INDUSTRIAL ECONOMY OF THE UNITED STATES

1. Civil War

1.1. Trans-Continental Railroads

1.1.1. Steel Industry

1.2. Telegraphs

1.3. Currency

2. DGL

2.1. Demography (People)

2.1.1. Immigration

2.1.2. Cities: New York, Cleveland, Chicago, Pittsburg

2.2. Geography

2.2.1. Resources

2.2.1.1. Coal

2.2.1.2. Iron

2.2.1.3. Oil

2.3. Law/Gov

2.3.1. Patents

2.3.2. Tariffs

2.3.3. Homestead Act / Land Grants

2.3.4. Constitution: Commerce Clause

3. RAILROADS

3.1. Integrated Market

3.1.1. National brands

3.1.1.1. Ivory Soap

3.1.1.2. A&P Groceries

3.1.1.3. Sears/Roebuck Mail Order Catalog

3.2. Time Zones

3.3. Modern Corporations

3.3.1. Capital ($$$) To expand

3.3.1.1. Sell Shares of Company (Stock)

4. Captains of Industry - POSITIVE

4.1. Benefitted the US Economy and Public

4.1.1. Create Jobs

4.1.2. Expand Markets

4.1.3. Raise Standard of Living

4.2. Robber Barons - NEGATIVE

4.2.1. Vanderbilt

4.2.1.1. NY Trains / (CSX)

4.2.2. JP Morgan

4.2.2.1. Banking (Chase Bank)

4.2.3. JD Rockafeller

4.2.3.1. Standard Oil / (Exxon Mobile)

4.2.4. Andrew Carnegie

4.2.4.1. Carnegie Steel / (US Steel)

4.2.5. SHADY BUSINESS METHODS

4.2.5.1. Vertical Integration

4.2.5.1.1. Armour Meets

4.2.5.2. Horizontal Integration

4.2.5.3. TRUSTS