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14.3 – “Big Business and Labor”

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Presentation on theme: "14.3 – “Big Business and Labor”"— Presentation transcript:

1 14.3 – “Big Business and Labor”

2 Robber Barons or Captains of Industry?
Andrew Carnegie Steel John D. Rockefeller Oil (Standard Oil) Cornelius Vanderbilt Steamships & Railroads J.P. Morgan Banking & Finance

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5 Industrial Revolution
Key Factors: National transportation system Large deposits of iron, coal & oil New sources of power (electricity, diesel, steam turbines) Surplus of agricultural production for textile factories & meat packing plants A supply of labor Capital for investment A stable banking system

6 Social Darwinism Charles Darwin’s theory of natural selection and evolution published in The Origin of Species Survival of the fittest Support for laissez-faire government Embraced by American industrialists

7 Haymarket Riots, Chicago, 1886
Causes: Begins as strike for 8 hour work day Crowd ordered to disperse Bomb thrown, 7 police officers killed Results: 8 anarchists tried & convicted; 4 hanged Effectively killed the Knights of Labor Nation horrified by violence & fearful of labor unions

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9 Homestead Strike Causes: Results:
Strike of Amalgamated Association of Iron and Tin Workers to protest wages and reduce 70 hour work week Results: Pinkerton guards called in to break up strike; ten die Effectively kills unionism in still industry Tarnishes Carnegie’s reputation

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11 The Pullman Strike Causes: Results:
Strike by Pullman workers and American Railway Union to protest wage cut and dismissal of union workers who protested wage cut Results: Stops railway traffic in and out of Chicago Company owners granted an injunction; violation of Sherman Antitrust Act Federal troops ordered in by President Cleveland

12 Labor Unions of the late 19th Century
Industry National Labor Union (NLU) Skilled workers (white) Colored National Labor Union (CNLU) All workers welcome Knights of Labor Skilled workers (all) American Federation of Labor (AFL) Cigar makers & Craft Unions American Railway Union (ARU) Skilled & Unskilled (white) Industrial Workers of the World/ Wobblies (IWW) Miners, Lumberers, Cannery & Dock Workers (all/ socialists)

13 Triangle Shirt Waist Factory
3/25/1911 New York City 146 women killed Company neglected safety Major push for reform and regulation

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