1. Gilded Age Vocabulary and Important People Robber baron
-from Mark Twain or NY Times
-an industrialist with a ruthless obsession for competition OR
Captain of Industry ?

2. 1865-1900 Rapid industrial expansion and innovation
Great fortunes were made and flaunted to others
Widespread corruption was hidden behind acts of generosity

3. Cornelius Vanderbilt (1794-1877)
Steamships (shipping routes through Nicaragua to get to CA gold rush) and railroad tycoon (NYC to Chicago)
Nicknamed the “Commodore”
Controversial tactics to eliminate competition

4. Mechanization Drastically changed the social nature of the work place
Eliminated the “craftsmen” aspect of production
Established a social class between workers and bosses
Definition: Using machines to do work formerly done by humans or animals

5. Andrew Carnegie (1835-1919) Made a fortune in the steel industry
Vertically integrated the steel industry
After selling the Carnegie Steel Company to J.P. Morgan he focused on philanthropy

6. Women and Children in the Work Force
1.9 million women working in 1870 became 5 million by 1900
1 of 5 children between 10 & 15 were working in 1900

7. John D. Rockefeller ( )
Created the American petroleum industry with Standard Oil Company
Vertically integrated the oil industry by creating a monopoly
Philanthropist as well