2. Big Business Emerges
Businesses consolidate into big industries or ________________
These are run by businessmen who become very wealthy and become known as ___________________.

3. Big Business Emerges
Businesses consolidate into big industries or corporations
These are run by businessmen who become very wealthy and become known as _____________.

4. Big Business Emerges
Businesses consolidate into big industries or corporations
These are run by businessmen who become very wealthy and become known as robber barons.

5. Government practices Government supported laissez-faire economics
_______________
Government does very little _________
Result=very wealthy businesses and lots of corruption and little competition

6. Government practices Government supported laissez-faire economics
Means hands off
Government does very little _________
Result=very wealthy businesses and lots of corruption and little competition

7. Government practices Government supported laissez-faire economics
Means hands off
Government does very little regulation
Result=very wealthy businesses and lots of corruption and little competition

8. Social Darwinism Idea that the best individuals will succeed
The survival of the _______
Government should do very little

9. Social Darwinism Idea that the best individuals will succeed
The survival of the fittest
Government should do very little

10. Robber Barons or Captains of Industry?
Andrew Carnegie
Built a giant steel firm
Bought out competition and provides of raw materials and transportation of his goods
Known as __________ consolidation

11. Robber Barons or Captains of Industry?
Andrew Carnegie
Built a giant steel firm
Bought out competition and provides of raw materials and transportation of his goods
Known as vertical integration

12. Vertical Integration
Buying out companies for ________ of the productive process from raw materials to marketing.

13. Vertical Integration
Buying out companies for every stage of the productive process from raw materials to manufacturing to marketing.

14. John D. Rockefeller Another robber baron Controlled ___________
Bought other oil companies
This is horizontal consolidation=controlling competition at ________
___ process of a product.

15. John D. Rockefeller Another robber baron Controlled Standard Oil
Bought other oil companies
This is horizontal consolidation=controlling competition at ________
___ process of a product.

16. John D. Rockefeller Another robber baron Controlled Standard Oil
Bought other oil companies
This is horizontal consolidation=controlling competition at one step in the process of a product.

17. Horizontal Integration
Vertical Integration

18. Other robber barons Cornelius Vanderbilt: _____ ______________
J. P. Morgan: __________
Robber barons did philanthropy work (gave money to charities)

19. Other robber barons Cornelius Vanderbilt: RR monopolist
J. P. Morgan: __________
______________
Robber barons did philanthropy work (gave money to charities)

20. Other robber barons Cornelius Vanderbilt: RR monopolist
J. P. Morgan: banking monopolist
Robber barons did philanthropy work (gave money to charities)

21. Are you a philanthropist? Could you be?

22. Monopolies and trusts Robber barons created _________
Where a firm controls _________
_________________
Also created _____
Companies agree to work together

23. Monopolies and trusts Robber barons created monopolies
Where a firm controls _________
_________________
Also created _____
Companies agree to work together

24. Monopolies and trusts Robber barons created monopolies
Where a firm controls all the competition
Also created _____
Companies agree to work together

25. Monopolies and trusts Robber barons created monopolies
Where a firm controls all the competition
Also created trusts
Companies agree to work together

26. Sherman Anti-trust Act
Congress passed the Sherman anti-trust act to outlaw ______________
___________
Difficult to
enforce

27. Sherman Anti-trust Act
Congress passed the Sherman anti-trust act to outlaw trusts and monopolies
Difficult to
enforce

28. What’s wrong with this?
What’s wrong with having monopolies and no competition?

29. Lets Review Video

30. End
Finish working on Guided Reading 19-2 front and back (Due Monday)

31. Industrial Workers

32. Working conditions Conditions were terrible Long hours
Dangerous conditions
Poor living conditions
Child Labor
To improve conditions formed labor unions

33. Development of Labor unions
Labor Movement: unions illegal until 1840's for interfering in commerce, black lists Federal Government kept unions weak

34. Unions
Knights of Labor: unskilled/skilled workers demanded reforms in child labor, safety, hours (8 hr day), equal pay for women
American Federation of Labor: skilled workers demanded higher pay, shorter work weeks.

35. Strikes
Strikes resulted and usually ended in violence. Government usually sent in troops against the unions

36. 3 Main Goals of Unions Write these on the side of your notes
Shorter hours (8 hours of work, 8 hours of sleep, and 8 hours for whatever)
Higher wages
Safer working conditions

37. Notable Strikes
Great RR Strike of 1877: RR shut down, Hayes used army to end strike
Haymarket Square Riot: bomb killed 7 policeman, police fired on strikers
Homestead Strike: Carnegie hired Pinkertons to violently end strike
Pullman Strike: RR shut down, federal troops brought in and people get hurt and lose their jobs.

38. Business leaders react
Unions were prevented by:
Not hiring union workers
Banning union meetings
Using the courts and troops to stop unions

39. End

40. Homework: Read 568-569 and complete this chart
Date
Conflict
Causes
Outcome
May
1886
June
1892
1894

41. Date
Conflict
Causes
Outcome
May
1886
June
1892
1894

42. Date
Conflict
Causes
Outcome
May
1886
Haymarket Riot
June
1892
1894

43. Date Conflict Causes Outcome May 1886 June 1892 1894 Haymarket Riot
Workers gather to protest the killing of two strikers by the police
June
1892
1894

44. Date Conflict Causes Outcome May 1886 June 1892 1894 Haymarket Riot
Workers gather to protest the killing of two strikers by the police
Riot breaks out and many more protesters as well as police are killed.
Knights reputation is harmed.
June
1892
1894

45. Date Conflict Causes Outcome May 1886 June 1892 1894 Haymarket Riot
Workers gather to protest the killing of two strikers by the police
Riot breaks out and many more protesters as well as police are killed.
Knights reputation is harmed.
June
1892
Homestead Strike
1894

46. Date Conflict Causes Outcome May 1886 June 1892 1894 Haymarket Riot
Workers gather to protest the killing of two strikers by the police
Riot breaks out and many more protesters as well as police are killed.
Knights reputation is harmed.
June
1892
Homestead Strike
Carnegie steel workers protested new machinery that would cost them jobs
1894

47. Date Conflict Causes Outcome May 1886 June 1892 1894 Haymarket Riot
Workers gather to protest the killing of two strikers by the police.
Riot breaks out and many more protesters as well as police are killed.
Knights reputation is harmed.
June
1892
Homestead Strike
Carnegie steel workers protested new machinery that would cost them jobs.
Carnegie hired Pinkertons to violently end strike.
Union lost strike.
1894

48. Date Conflict Causes Outcome May 1886 June 1892 1894 Haymarket Riot
Workers gather to protest the killing of two strikers by the police
Riot breaks out and many more protesters as well as police are killed.
Knights reputation is harmed.
June
1892
Homestead Strike
Carnegie steel workers protested new machinery that would cost them jobs
Carnegie hired Pinkertons to violently end strike.
Union lost strike.
1894
Pullman Strike

49. Date Conflict Causes Outcome May 1886 June 1892 1894 Haymarket Riot
Workers gather to protest the killing of two strikers by the police
Riot breaks out and many more protesters as well as police are killed.
Knights reputation is harmed.
June
1892
Homestead Strike
Carnegie steel workers protested new machinery that would cost them jobs
Carnegie hired Pinkertons to violently end strike.
Union lost strike.
1894
Pullman Strike
Railroad workers protested wage cuts

50. Date Conflict Causes Outcome May 1886 June 1892 1894 Haymarket Riot
Workers gather to protest the killing of two strikers by the police
Riot breaks out and many more protesters as well as police are killed.
Knights reputation is harmed.
June
1892
Homestead Strike
Carnegie steel workers protested new machinery that would cost them jobs
Carnegie hired Pinkertons to violently end strike.
Union lost strike.
1894
Pullman Strike
Railroad workers protested wage cuts
Gained nationwide support.
Company broke strike because Federal Government sent in troops to end strike.