Warm Up= 9 How is the act of being born like a lottery? Are there winners and losers? Explain. Is it fair? Should the government intervene in anyway.

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Presentation transcript:

Warm Up= 9 How is the act of being born like a lottery? Are there winners and losers? Explain. Is it fair? Should the government intervene in anyway to assist?

5 Values

Gilded Age: Costs and Benefits to Laissez-Faire BPQ: What philosophy of business prevailed during the Gilded Age? Add to Table of Contents Pages 9-10

Gilded Age

New Inventions

Industrialization

Entrepreneurship

Monopoly/Trust= SAMEZIES

Robber Baron OR Captains of Industry?

Andrew Carnegie & Vertical Integration

John D. Rockefeller & Horizontal Integration

Laissez-Faire

Free Enterprise

Scientific Management “Taylorism”

Social Darwinism

Philanthropy

Gospel of Wealth

Captains of Industry= page 9 http://www.history.com/topics/john-d- rockefeller/videos/rockefellers-standard-oil http://www.history.com/topics/andrew-carnegie/videos/the-men- who-built-america-andrew-carnegie

Philosophy of the Industrialist Work at your tables if you do not finish in 20 mins, you will have homework.

Exit Ticket: Gilded Age Day 1 1. How are Social Darwinism and Laissez-Faire SIMILAR? 2. Why is there opposition to Laissez-Faire? 3. Compare and contrast Andrew Carnegie and John D. Rockefeller.