Industrial Ideologies. Objective: Explain how the wealthy during the Gilded Age justified their wealth.

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Presentation transcript:

Industrial Ideologies

Objective: Explain how the wealthy during the Gilded Age justified their wealth.

Industrial Ideologies Objective: to define and identify ideologies that supported and justified the actions of industrialists in the Gilded Age, and to draw parallels to contemporary society. I. Laissez-Faire II. Social Darwinism III. Puritan Work Ethic IV. “Acres of Diamonds”

Industrial Ideologies 1. Laissez Faire  the ideology of the Industrial Age. - Individual as a moral and economic ideal. - Individuals should compete freely in the marketplace. - The market was not man-made or invented. - No room for government in the market! - Individual as a moral and economic ideal. - Individuals should compete freely in the marketplace. - The market was not man-made or invented. - No room for government in the market!

Industrial Ideologies 2. Social Darwinism British economist. Advocate of laissez- faire. Adapted Darwin ’ s ideas from the “ Origin of Species ” to humans. Notion of “ Survival of the Fittest. ” 2. Social Darwinism British economist. Advocate of laissez- faire. Adapted Darwin ’ s ideas from the “ Origin of Species ” to humans. Notion of “ Survival of the Fittest. ” Herbert Spencer

Industrial Ideologies William Graham Sumner Folkways (1906) $ Individuals must have absolute freedom to struggle, succeed or fail. $ Therefore, state intervention to reward society and the economy is futile! $ Individuals must have absolute freedom to struggle, succeed or fail. $ Therefore, state intervention to reward society and the economy is futile!

Industrial Ideologies 3. Protestant (Puritan) “ Work Ethic ”  Horatio Alger [100+ novels] 3. Protestant (Puritan) “ Work Ethic ”  Horatio Alger [100+ novels]

Industrial Ideologies Russell H. Conwell 4. “ Acres of Diamonds ” Wealth no longer looked upon as bad. Viewed as a sign of God ’ s approval. Christian duty to accumulate wealth. Should not help the poor. 4. “ Acres of Diamonds ” Wealth no longer looked upon as bad. Viewed as a sign of God ’ s approval. Christian duty to accumulate wealth. Should not help the poor.

Industrial Ideologies Andrew Carnegie The Anglo-Saxon race is superior. “ Gospel of Wealth ” (1901). Inequality is inevitable and good. Wealthy should act as “ trustees ” for their “ poorer brethren. ” The Anglo-Saxon race is superior. “ Gospel of Wealth ” (1901). Inequality is inevitable and good. Wealthy should act as “ trustees ” for their “ poorer brethren. ”

Negative Reactions to Industrial Ideologies

IV. Big Business