1. The Industrial Revolution
Big Business

2. ROBBER BARONS
Alarmed at the cut-throat tactics of industrialists, critics began to call them “Robber Barons”
the term was typically applied to businessmen who used questionable business tactics to amass their wealth.
J.P MORGAN

3. CARNEGIE Andrew Carnegie was one of the first industrial moguls
He entered the steel industry in 1873
By 1899, the Carnegie Steel Company manufactured more steel than all the factories in Great Britain combined
ANDREW CARNEGIE

4. John D. Rockefeller
John D. Rockefeller became the richest man in the world by having an oil monopoly.
He created the Standard Oil Company.
Oil began being used in all types of machines, like cars.

5. SHERMAN ANTI-TRUST ACT
In 1890, the Sherman Anti-Trust Act made it illegal to form a monopoly or (Trust)
An example of consolidation: In 1870, Rockefeller Standard Oil Company owned 2% of the country’s crude oil
By 1880 – it controlled 90% of U.S. crude oil

6. Working Conditions
Workers routinely worked 6 or 7 days a week, had no vacations, no sick leave, and no compensation for injuries
Injuries were common – In 1882, an average of 675 workers were killed PER WEEK on the job

8. LABOR UNIONS EMERGE
As conditions for laborers worsened, workers realized they needed to organize.
Knights of Labor and American Federation of Labor were the first large unions to negotiate for better pay and working conditions.

9. Strikes!!! Project… You will create a protest sign
-Must describe 3 issues mentioned in class that would cause you to go on strike (3 to 5 sentences each)
-Must create an image/drawling representing your struggle as a worker