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NOTES #32: Why did labor unions form in the U.S.?
January 9, 2019 U.S. History Agenda: NOTES #31: How did the U.S. government regulate big business during the Industrial Revolution? NOTES #32: Why did labor unions form in the U.S.? INDUSTRIAL REVOLUTON OPEN-NOTES TEST TOMORROW (BASED ON NOTES #s 29–32)
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How did the U.S. government regulate big business during the Industrial Revolution? Notes #31
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Carnegie Steel Company
By the late 1800s, many big businesses in the U.S. were becoming monopolies by controlling or dominating their industries. Carnegie Steel Company
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Big business leaders established monopolies by forming trusts, which eliminated their competition through the combination of businesses. John D. Rockefeller; founder of the Standard Oil Company
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The U.S. government ignored these monopolies at first, until growing public criticism resulted in laws being passed to regulate big business.
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The Interstate Commerce Act was passed in 1887 to regulate railroads.
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This law created the Interstate Commerce Commission, which was an agency that forced railroads to charge fair rates for all customers.
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The Sherman Antitrust Act was passed in 1890 to prohibit monopolies.
Standard Oil Company
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President Theodore Roosevelt
However, many big businesses got around this law and it was not strictly enforced until the early 1900s. President Theodore Roosevelt (1901–1909)
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