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Added: Feb 22, 2012
From: robtfdfbvv
Duration: 0:16
The Gilded Age was rooted in industrialization, especially heavy industry like factories, railroads, and coal mining. The First Transcontinental Railroad opened in 1869, providing six-day service between the East Coast and San Francisco.[8] During the Gilded Age, the U.S. grew to world economic leadership. For example, American steel production surpassed the combined total of Britain, Germany, and France, and the U.S. led the world in many areas of technology.[9] Railroad mileage tripled between 1860 and 1880, and tripled again by 1920, opening new areas to commercial farming, creating a truly national marketplace and inspiring a boom in coal mining and steel production. The voracious appetite for capital of the great trunk railroads facilitated the consolidation of the nation's financial market in Wall Street. By 1900, the process of economic concentration had extended into most branches of industry—a few large corporations, called "trusts", dominated in steel, oil, sugar, meatpacking, and the manufacture of agriculture machinery. Other major components of this infrastructure were the new methods for fabricating steel, especially the Bessemer process.Increased mechanization of industry is a major mark of the Gilded Age's search for cheaper ways to create more product. Frederick Winslow Taylor observed that worker efficiency in steel could be improved through the use of machines to make fewer motions in less time. His redesign increased the speed of factory machines and the productivity of factories while undercutting the need for skilled labor. This mechanization made some factories an assemblage of unskilled laborers performing simple and repetitive tasks under the direction of skilled foremen and engineers. Machine shops grew rapidly, and they comprised highly skilled workers and engineers. Both the number of unskilled and skilled workers increased, as their wage rates grew.[10] Engineering colleges were established to feed the enormous demand for expertise. Railroads invented modern management, with clear chains of command, statistical reporting, and complex bureaucratic systems.[11] They systematized the roles of middle managers, and set up explicit career tracks. They hired young men at age 18--21 and promoted them internally until a man reached the status of locomotive engineer, conductor or station agent at age 40 or so. Career tracks were invented for skilled blue collar jobs and for white collar managers, starting in railroads and expanding into finance, manufacturing and trade. Together with rapid growth of small business, a new middle class was rapidly growing, especially in northern cities.[12]The United States became a world leader in applied technology. From 1860 to 1890, 500,000 patents were issued for new inventions—over ten times the number issued in the previous seventy years. George Westinghouse invented air brakes for trains (making them both safer and faster). Theodore Vail established the American Telephone & Telegraph Company and built a great communications network.[13] Nikola Tesla invented a remarkable number of electrical devices, as well as the integrated power plant capable of lighting multiple buildings simultaneously; Thomas Edison, in addition to inventing hundreds of electrical devices, co-founded General Electric corporation. Oil became an important resource, beginning with the Pennsylvania oil fields. The U.S. dominated the industry into the 1950s. Kerosene replaced whale oil and candles for lighting. John D. Rockefeller founded Standard Oil Company to consolidate the oil industry—which mostly produced kerosene before the automobile created a demand for gasoline in the 20th century.[14]
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