DO NOW
Simulation Phase One How many companies are selling pencils? What happened to prices as companies competed to sell pencils? As the consumer, how are you feeling right now? Why?
Simulation Phase Two How many companies are selling pencils? Why do you think Mr. Nilsson’s company bought out one of the other pencil companies? As the business owner, how do you think Mr. Nilsson is feeling right now? Why?
Simulation Phase Three How many companies are selling pencils? What has happened to pencil prices? Why? As the consumer, how are you feeling right now? Why?
do now: What is a monopoly? Describe it and provide an example of a modern monopoly.
804: The Rise of Corporations 2/15
Questions??? Industrialization Laissez-faire economics New inventions Railroads The transcontinental railroad Robber barons Corporations Monopolies Andrew Carnegie John R\Rockefeller
Food for thought Should McDonald’s have any say in food policy? (Laws about food)
Tammany Hall – NYC What do you think this cartoon implies about the featured man’s political role?
Tammany Hall – NYC Political “machine” run by Boss Tweed in NYC (late 1800s) corruption and patronage
https://www.youtube.com/watch?v=W5DwnNPHVAU Gangs of New York
Monopolies
Famous Industrialists Andrew Carnegie - Carnegie Steel (Vertical) JD Rockefeller – Standard Oil (Horizontal) JP Morgan - Banking Cornelius Vanderbilt – Railroads
Captains of Industry vs. Robber Barons Philanthropists v. terrible employers
pp. 420-425 Analyzing Visuals, p. 420 Analyzing Visuals, p. 423 Answer questions 1-2 Analyzing Visuals, p. 423 Analyzing Visuals, p. 425 Answer question 2 only
Political Cartoons
What is your early assessment What is your early assessment? Are early industrialists captains of industry or robber barons? Cite evidence from at least two cartoons in your response.