Captains of Industry or Robber Barons? Andrew Carnegie- Steel John Rockefeller – Oil Cornelius Vanderbilt-Railroads Henry Ford- Assembly Line Thomas Edison-Inventor George Westinghouse-Inventor Samuel Morse-Telegraph Alexander G. Bell- Telephone

Andrew Carnegie Developed an inexpensive way to produce steel. “ America is built on steel” Railroads, bridges, skyscrapers, automobiles and a lot more Carnegie Steel became United States Steel Corporation Working Conditions were horrible for employees

Carnegie the “ Robber Baron” Established a vertical monopoly, while driving out competition. Abused his workers Used force to break labor unions and strikes. Carnegie as a philanthropist Gave most of his money away. Have you heard of Carnegie Hall? How about Carnegie-Mellon Institute? What American city became famous for the steel industry?

John Rockefeller Developed the American oil Industry Created a horizontal monopoly Drove competition out of business Like Carnegie called a “Robber Baron” Thought he was above the law. Richest man in Am. History Rockefeller Center, Gave billions away.

Henry Ford Used the assembly line to produce Cars that almost everyone could afford. Model-T Ford sold for less than $200 By the mid-1920s. Changed the way Americans lived.

Model-T Ford

Cornelius Vanderbilt “Commodore” Railroads and shipping Lots of money Vanderbilt University “Commodores”

Vanderbilt Homes Breakers Biltmore