Knights Charge 2/5 What were three reasons that helped the US be an industrial nation? What was the Bessemer Process? What was urbanization? Where did many working class people live in these cities? What national park was created to help protect the environment?

State Challenge Take out a sheet o paper and see if you can list all of the 50 states without looking at a map… No cheating! Now that you have the states… see if you can remember all of the 50 capitals of those states…

The Rise of Big Business

Focusing Points Identify different “Robber Barons” of the 19th and 20th Centuries Describe the achievements of the “Robber Barons” Analyze whether the “Robber Barons were a good or bad thing for America

Corporations Due to the increase in ability to transport goods and expanding markets, more people could become involved in the nation’s economy. Corporation- group of investors that would share ownerships of a business

Examples today

Gaining a Competitive Edge In order to gain more profit, some corporations would attempt to gain a monopoly on a certain good Monopoly- complete control of a product or service How could this impact the public?

Vertical vs. Horizontal Integration Horizontal Integration- Buying out other companies Vertical Integration- Buying out suppliers

Trusts Trust- companies combine their stock in order to gain profit for all involved Formed so that just a few people could control all of the industries and reduce competition.

John D. Rockefeller & Andrew Carnegie John D. Rockefeller- oil Andrew Carnegie- steel

Robber Barons These men were known as Robber Barons (industrial leader of great wealth) People disagreed with some of their business practices Felt the men mistreated their workers and took advantage of the situation to get ahead.

Social Darwinism Some believed that wealth was only for those who were most “fit” People used Social Darwinism to justify how only the strong were able to become rich

Andrew Carnegie’s Gospel of Wealth Gospel of Wealth- theory that the wealthy have a moral obligation to help the poor providing them opportunities to better themselves

John D. Rockefeller’s Standard Oil Standard Oil was a trust that gave Rockefeller control of nearly 90% of the nation’s oil industry

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Pullman Towns

Row houses

Robber Barons or Captains of Industry? Were the following images/documents evidence that the moguls of the late 1800’s were Robber Barons or Captains of Industry?

Robber Barons or Captains of Industry? Why?

Robber Barons or Captains of Industry? Why?

Robber Barons or Captains of Industry? Why?

Robber Barons or Captains of Industry? In an ACES Paragraph, write if you believe the entrepreneurs that we have talked about in class from the Gilded Ages positive (Captain of Industry) or negative (Robber Barons). Please use one of the Documents to support your answer. Remember: A-Answer the question C- Cite your evidence (Use Document here) E- Explain your answer S-Summarize your argument