Rise of Big Business

Looks good on the outside but underneath it is not The Gilded Age Looks good on the outside but underneath it is not Handful of very wealthy but majority are poor workers Rags to Riches fairy tales

New inventions – new technology Cheap labor force Consumer market Why Business Rise in US Raw Materials Coal, iron ore, petroleum, copper, wheat, cotton, wool New inventions – new technology Cheap labor force Consumer market Government policies Leaders willing to take risk

Big Businesses Start Monopoly Business men began to make monopolies by eliminating their competition Complete control over their industry Become very wealthy Government Influence Laissez faire – government is hands off and does not regulate businesses – NO RULES Businesses can do anything they want

Captains of Industry Andrew Carnegie Hanes John D. Rockefeller Duke Steel industry with Bessemer Process John D. Rockefeller Oil company RJ Reynolds NC tobacco/cigarettes leader Hanes Textile/clothing industry in NC Duke Energy/power company in NC High Point Furniture capital of America

Wealth! Captains of Industry become wealthy by controlling their industry Bought out competitors or forced them to close down Did not waste money : Examples: Only painted trains black because it was cheaper Use every part of the animal Oversaw every aspect of their company Pay workers very little Corrupt – bribe judges and city officials to get what they needed

Magazine Cover Must Include Magazine Title A central, important image for the “Cover Story” – topic At least 4 news stories you would read about in the magazine on your topic Can include interviews, stories about events or people Should be clear and easy to understand how it relates to your topic One connection sentence Civil War Today SC Secedes! Shots Fired!! What does Pres. Lincoln Think?