Presentation is loading. Please wait.

Presentation is loading. Please wait.

Robber Barons or Captains of Industry?

Published byMiles Poole Modified over 6 years ago

Similar presentations

Presentation on theme: "Robber Barons or Captains of Industry?"— Presentation transcript:

1 Robber Barons or Captains of Industry?

2 Basic Economics of 19th Century
- Capitalism- economic system where businesses are operated by private owners Laissez-Faire? Protective Tariff – protect US businesses Mass production – use machines to quickly make goods Corporation – group ownership – invest in a company (shares/stocks) monopoly - complete ownership of an industry

3 Protective Tariff

4 Monopoly

5 Trusts Trust – group of companies controlled by a single board
Vertical Integration – control every step of the manufacturing process Carnegie – steel Brainstorm – automobile Horizontal Integration – ally with competitors to control an entire market Rockefeller – Oil Brainstorm – Nike

6

7 Cornelius Vanderbilt Railroads $185 billion (today’s money)

8 JP Morgan Banker US Steel General Electric AT&T
$41.5 Billion (today’s $)

9 John D Rockefeller Oil (kerosene, gasoline) Standard Oil Company
$340 billion (today’s)

10 Thomas Alva Edison Edison Electric (now GE) Light bulb/ DC
$170 million (today’s $)

11 Andrew Carnegie Steel Carnegie Steel Co.
Bessemer Process – cheap steel “Gospel of Wealth” $310 billion (today)

12 Good or Bad? Captains of Industry Robber Barons Philanthropists Jobs
Grand Central Station Rockefeller Center Carnegie-Mellon University Vanderbilt University Carnegie Libraries University of Chicago Jobs Cheaper products Bailed gov’t out Long hours, small wages Monopolists Child labor Destroyed small businesses Unfair business practices

Download ppt "Robber Barons or Captains of Industry?"

Similar presentations

Robber Barons or Captains of Industry?

Robber Barons or Captains of Industry?
Unit 1: The Gilded Age Industrialization. Have you ever used any of these products? What company created these products? Who was the man behind the creation.

Unit 1: The Gilded Age Industrialization. Have you ever used any of these products? What company created these products? Who was the man behind the creation.
Andrew Carnegie John D. Rockefeller J.P. Morgan. Andrew Carnegie (1835-1919) A Scottish-American industrialist who led the enormous expansion of the American.

Andrew Carnegie John D. Rockefeller J.P. Morgan. Andrew Carnegie ( ) A Scottish-American industrialist who led the enormous expansion of the American.
Chapter 14 Sect. 3 Objectives:

Chapter 14 Sect. 3 Objectives:
 What was the name of the man who designed Central Park?  Is Europe a country or a continent?  Which part of Europe did Old immigrants come from? 

 What was the name of the man who designed Central Park?  Is Europe a country or a continent?  Which part of Europe did Old immigrants come from? 
Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900?

Essential Question: What factors led to the rise of the American Industrial Revolution from 1870 to 1900?
The Rise of Big Business. Henry Bessemer Created a cheap and efficient process for making steel.

The Rise of Big Business. Henry Bessemer Created a cheap and efficient process for making steel.
200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Industrialists Inventions Vocabulary Industrialization.

Industrialists Inventions Vocabulary Industrialization.
The Industrialization of the United States in the late 1800’s.

The Industrialization of the United States in the late 1800’s.
Industrialization Conditions for rapid industrialization –abundance of cheap natural resources –large pool of labor –government support without interference.

Industrialization Conditions for rapid industrialization –abundance of cheap natural resources –large pool of labor –government support without interference.
Industrialization 1850’s - 1900. Inventions that lead to Industrialization Thomas Edison & Menlo Park Thomas Edison & Menlo Park Light bulb, Phonograph,

Industrialization 1850’s Inventions that lead to Industrialization Thomas Edison & Menlo Park Thomas Edison & Menlo Park Light bulb, Phonograph,
Big Business and Labor part I terms  Andrew Carnegie  Vertical and horizontal integration  Social Darwinism  John D. Rockefeller  Sherman Anti-trust.

Big Business and Labor part I terms  Andrew Carnegie  Vertical and horizontal integration  Social Darwinism  John D. Rockefeller  Sherman Anti-trust.
The Rise of Big Business. Robber Barons Business leaders who built their fortunes by stealing from the public –Drained country of natural resources –Drove.

The Rise of Big Business. Robber Barons Business leaders who built their fortunes by stealing from the public –Drained country of natural resources –Drove.
The Rise of Big Business Main Idea: Corporations run by powerful business leaders became a dominant force in the American economy.

The Rise of Big Business Main Idea: Corporations run by powerful business leaders became a dominant force in the American economy.
{ Unit 7 THE AGE OF BIG BUSINESS.  Larger pools of capital – More $$$ entrepreneurs invested a lot of money or borrowed from investors  Wider geographic.

{ Unit 7 THE AGE OF BIG BUSINESS.  Larger pools of capital – More $$$ entrepreneurs invested a lot of money or borrowed from investors  Wider geographic.
Thomas Edison (the “Wizard of Menlo Park”) was the greatest inventor of the 1800s In his New York research lab, he invented the 1 st phonograph, audio.

Thomas Edison (the “Wizard of Menlo Park”) was the greatest inventor of the 1800s In his New York research lab, he invented the 1 st phonograph, audio.
Industrial America. The United States will transform its economy after the Civil War Factories, manufacturing, large-scale agriculture and big business.

Industrial America. The United States will transform its economy after the Civil War Factories, manufacturing, large-scale agriculture and big business.
 Robber Barons  Steals from public  Interprets laws in their own favor  Pays workers low wages  Dangerous working conditions  Drains natural resources.

 Robber Barons  Steals from public  Interprets laws in their own favor  Pays workers low wages  Dangerous working conditions  Drains natural resources.
Titans of Industry. Changes in Business Vertical Integration  Controlling your suppliers Horizontal Integration  Similar companies merging Social Darwinism.

Titans of Industry. Changes in Business Vertical Integration  Controlling your suppliers Horizontal Integration  Similar companies merging Social Darwinism.
CH 13: The Rise of industry

CH 13: The Rise of industry

Similar presentations

Ads by Google