Do Now: Page 37- paste in notebook and create a title for this picture in THREE mins! Title: ______________________ O Object A man with a big head and.

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The Captains of Industry

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Presentation transcript:

Do Now: Page 37- paste in notebook and create a title for this picture in THREE mins! Title: ______________________ O Object A man with a big head and hat- king standing on oil P Parts Gold hat, trains, money sign, oil towers, oil tank, royal clothing, smoke/steam, T Time/Place Late 1800s/early 1900s I Interactions Trains going around the crown, standing on top of it all, looks mean, C Conclusion He is a powerful man, well known, he owns all the oil/trains, he is rich.

“Law? Who cares about the law. Hain't I got the power?” - Cornelius Vanderbilt, when warned that he might be violating the law Notes in page 38: A Robber Baron is: Corrupt businessmen who acquire a lot of money through unfair business tactics. They don’t use their money to help others. They only help themselves.

What is a Captain of Industry?

“This, then, is held to be the duty of the man of wealth: To consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer… to produce the most beneficial results for the community—doing for them better than they would or could do for themselves.” — From "Wealth," by Andrew Carnegie, North American Review (1889) Notes in page 38: A Captain of Industry is: A wealthy businessman who cares about others and his community. They spread their wealth towards common good.

Robber Baron or Captain of Industry? You’ll be assigned one of the following historical figures: –Andrew Carnegie –Cornelius Vanderbilt –J. Pierpont Morgan –John D. Rockefeller Working Individually… Read through your biographies Complete the chart and determine if your historical figure is a robber baron or captain of industry Be ready to present & discuss on Monday! One on Ones Today During Class –Ask me questions about your grade, etc.

Cornelius Vanderbilt JP Morgan Andrew Carnegie John D. Rockefeller

+- Robber Barons Captains of Industry Processing: Positive/Negative Outcomes Chart on pg 35 (left)