“Robber Barons”, Unions, & Strikes Union = A group joined together for a common goal / purpose.

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Presentation transcript:

“Robber Barons”, Unions, & Strikes Union = A group joined together for a common goal / purpose

The Industrial Revolution Cheaper goods Large Factories = Jobs for Workers $$$ of Industry used for good causes Dangerous Workplace Corrupt Business Practices Long hours / low pay for workers No competition Positives Negatives

“Robber Barons” Monopolies = Complete control over prices, wages, production “Robber Barons” = Use of unethical business tactics –Andrew Carnegie (Steel) –John D. Rockefeller (Standard Oil) –J.P Morgan (Holding Co.) “Robber Barons?” –Carnegie (Donated 90% of his fortune) –Rockefeller ($500 Million)

Working Conditions 7 Day work week 12+ hours per day No Vacation / Sick Leave No health benefits 675 Deaths / Week (1882) 20% Under 15 years old Yearly pay = $498 (1899) –$11,000 (2005)

Labor Union’s Emerge American Federation of Labor (AFL) = Skilled Laborers Industrial Workers of the World (IWW) = Unskilled Laborers Used “Strikes” to force companies to meet their demands for better working conditions –Result = Violence

Strikes & Violence Fuels Progress? The Haymarket Affair = Bomb kills police / strikers in Chicago (Public against Labor Unions) The Homestead Strike = 6 Month strike broken by National Guard The Pullman Car Strike = President orders troops to break the boycott of trains The Triangle Factory Fire = Locked up workers burnt alive (146 dead)

Industrial Consolidation: Iron & Steel Firms

U. S. Corporate Mergers

Iron & Steel Production