Minnesota’s lumber industry The lumber industry was very important in the late 1800’s. There was many people in the lumber industry people like teamster,bull cook,pencil pusher,wood butcher,lumberjack,loggers, and investors. They all played a very Important part. An investor is a person that gives money to a failing company like Frederick Weyerhaeuser. Frederick weyerhaeuser was already a wealthy man before the lumber industry. He bought a lot of lumber land in Wisconsin. He bought nine hundred thousand acres of land. Frederick also owned paper mills. His net was worth eighty billion. Back in the late 1800’s many things happened with the lumber industry. At one point there was more than four hundred lumber companies.
Around this time (1889) big money was being made. There were a select few who made crazy fortunes on their own, in oil and steel, guys like John D. Rockefeller and Andrew Carnegie. Andrew Carnegies dream was to have his own steel company that would create the steel from the beginning to the end. When his dreams came true he made a fortune. He was very generous in the way of philanthropy,
In the 1800s the lumber industry was very big thing. A man named Frederick Weyerhaeuser and one of his business partners started investing money in the lumber industry. He started by buying up a lot of timberland in Wisconsin to harvest. Once all of the white pine in Wisconsin was gone, he moved his business to Minnesota, and the industry boomed!
I choose to do the flour industry. Flour was and is a very useful item for baking. Bread was baked a lot in the 1800s. Since flour is used to bake bread, they used flour often.
Until the late nineteenth century, the United States was still an agrarian community. As factories sprouted to process the products obtained from agriculture and to manufacture farm equipment, there rose
Let us first look at Mr. Andrew Carnegie. Carnegie was a mogul in the steel industry. Carnegie
Pacific Lumber Company, founded in 1869, oversees the careful maintenance and logging of the world’s most productive timberland. Pacific Lumber holds the last private forest of old-growth Redwood. In addition to it’s unique hardwood, the Redwood forest hosts an ecosystem supporting virgin ground never logged, and the endangered Marbled Murrelet. After being purchased in 1985 by the Maxxam firm and it’s owner Mr. Hurwitz, Pacific Lumber tripled logging volume and looked to log the previously privately protected Redwood forest. Due to the use of junk-bonds for financial backing, Maxxam Inc. needed to dramatically increase revenue streams to make interest payments which resulted in the
The richest man in the world, in his time, was Andrew Carnegie. His story of success was truly one of rags to riches. After coming to the U.S. from Scotland as part of a working-class family, he moved from job to job, eventually becoming more influential and gaining a large sum of money. Soon he was using his wealth to contribute to many public services, such as libraries and schools. Andrew Carnegie's life and actions have left a long-standing legacy and have contributed greatly to the American way of life, particularly toward education.
During the early 1800’s in the United States of America, both the Early Industrial Revolution and the Westward Expansion contributed to the sectional tension between the North and the South. While the North had factories popping up everywhere, the South had more and more land dedicated to plantations. To stay at the pace of the North, the South decided it would be beneficial if they were to become their cotton suppliers. With the invention of the cotton gin, cotton was being mass-produced and sent to the North to be made into items such as clothing. Whilst this was going on, the point of slavery became a big issue and the debate over it began, dividing the North and South more and more over time. The North didn't support slavery and instead, hired workers to work in the factories (specifically low-wage woman), while the South supported slavery and used African slaves to work on plantations. This caused many problems as both sides wanted more land to promote their opinion on slavery for either plantations or factories. Due to each of the sides having contradictory points of view on slavery, the Missouri Compromise and the addition of other territories such as during the Louisiana Purchase, the Oregon Treaty, and the Annexation of Texas, much strife occurred in the Senate. The Westward Expansion led to the desire for more land, therefore the United States expanded their land from the East coast to the West coast. The Westward Expansion promoted the addition of new land and
Andrew Carnegie was also a reasonable businessman, he gave many of the men that were living in poverty, employment. His wages were pretty
Farmers did well after the Civil War and into the 1880s with plentiful rainfall and easy credit from banks. In the 1890s, however, American farmers suffered from drought, poor harvests, restrictive tariff and fiscal policies, low commodity prices, and competition from abroad. A downward swing in the business cycle exacerbated their plight, and many farmers in the Plains filed for
In the mid-1800s lots of things were being made by machine. For example: clothing, shoes, watches, guns, and farming machines were made. In 1840 the workday was 11 ½ hours. The workers were very tired and they most likely would have accidents. Workers and even children were hurt a lot by the machines. In the summer they were hot and in the winter they were cold, because there was not air conditioning or a heater in the factories. There were no laws to help the working conditions, and even to protect them. The owners didn't care about the workers, they cared about the money. Children would work six days a week and 12 hours or more a day. In the factories it was really hard and dangerous. Children would work the machines
2.During the years 1860-1890, Michigan's commercial development was dominated by the sawing, harvesting, milling and marketing of timber. Michigan politicians (under the influence of the state's Lumber Barons) fought hard to stop a bill that would have allowed Canadian lumber to enter the U.S. duty free. The lumber was desperately needed to rebuild a major American city after what terrible disaster?
There was an abundance of natural resources during this time period. The forests provided the wood needed to heat the rising growth of the factories and to supply paper for the increase of books and newspapers. The transportation growth provided people with a way tp receive literature in distant areas. Sawmills had to use the waterwheel for power. The steamboats pummeled a pathway through the rivers, but also deforested the land in their pathway. This brought about America’s first issue with air pollution.
J P Morgan- He was rich because his dad worked with the London bank so he was sent to boarding school then put in firm in his father’s association. He became an investment banker in New York with his own firm. He wants to merge rival company He bought out Carnegie steel and Rockefeller oil after merging with them.
There was an abundance of natural resources during this time period. The forests provided the wood needed to heat the rising growth of the factories and to supply paper for the increase of books and newspapers. The transportation growth provided people with a way tp receive literature in distant areas. Sawmills had to use the waterwheel for power. The steamboats pummeled a pathway through the rivers, but also deforested the land in their pathway. This brought about America’s first issue with air pollution.