1. GILDED AGE

2. Causes/Problems Industrialization
Huge growth of business and technology change America/World
Railroads, telephone, electricity, oil, typewriter, ice
New business leads to new business tactics

3. Robber Barons/Captains of Industry
A few men who monopolized (total control) major industry
John D. Rockefeller
Standard Oil Company
Worth $2,000,000,000 in 1900
Andrew Carnegie
Steel Company
Witnessed the Bessemer Process: produced iron into steel for railroads
(3 to 5 tons a day > 3 to 5 tons in 15 minutes)
Sold for $492,000,000 in 1900
JP Morgan
Banks, stocks, bonds, US Steel
Worth $150,000,000 in 1900

4. Robber Barons/Captains of Industry
Unethical business tactics, poor wages and conditions for workers
Monopolies
Versus
Millions for donations – foundations, libraries, colleges, scholarships
Capitalism

5. Standard Oil Co.

6. Carnegie Hall

7. Urbanization Growth of cities
Failed farmers and new immigrants rushing to cities for opportunities
Tenements – Multi family urban housing
No sewage, dark, no air, disease, crowded
Poor working conditions, no rights
Strikes or injury = no job
Crime & Corruption
Pickpockets, thieves
Corrupt government officials
Alcoholism

10. Women and Children
Women could not vote, go to college, terrible wages and long hours
Triangle Shirtwaist Fire
156 women die
Children forced from school
Little money, unsafe conditions, long hours

14. Effect Problems of Industrialization
People begin fighting back for rights
The Progressives
Leads to reforms in cities, working conditions, government, socially