1. Gilded Egg Gilded Age 1850-1920 Is it all about the Benjamins ($)? Big Idea: Bittersweet

2. Greed is Good Is what he talks about true? –Is greed good? –Why or why not? What are the goals of his corporation?

3. Transforming America What does this mean? I. Industry 1) Railroads - 1890: Were making twice as much as the government1890

4. Unites the U.S.

6. 2) SteelSteel - Lots of resources - Quick steel making process was invented making steel cheaper to produce

8. 3) Oil - Drilling for oil was easier and it was becoming a useful product How would these industries change the U.S.? Ex. of each How have these impacted your life? II. Big Business 1) “Robber Barons” or “Captains of Industry”

9. - Cornelius William Vanderbilt - Andrew Carnegie - John D. Rockefeller “Captain of Industry” or “Robber Baron” Why?

10. -It’s OK to be a Robber Baron. -Robber Barons are good for society.

12. 2) 1859 – 1899 (U.S.) - Manufactured product value up 622% a) $1.8 billion - $13 billion 3) Who do you trust? - What is a trust?

13. Different business trustees Bob’s Oil Jen’s Oil Spike’s Oil Anna’s Oil Stocks Money Business owners

14. Are these businesses competing against each other? What is going to happen? Why might/should this be illegal?

15. - Vertical Integration a) the process of buying out suppliers and distributors ex. Buying a tire factory because we make cars - Horizontal Integration a) the process of buying out competitors ex. A hot dog vender who starts selling hamburgers

16. Show some examples of vertical integration and horizontal integration. –Diagram, act out, something!! –What are some examples in the world today?

17. 4) Gospel of Wealth If you’re rich what do you do with all the money? - Make sure the money is put to good use - The rich are superior humans, God gave the rich the money Can the poor have the money? Why or why not? - The poor make poor decisions and therefore shouldn’t have the money

18. 5) Social Darwinism - Reading, Notes over the reading - Definition How is the Gospel of Wealth similar to Social Darwinism?

19. 6) Government InvolvementGovernment Involvement What do you think? How much should the gov’t be involved? - Laissez-faire – “let do” gov’t not involved - People wanted the gov’t to fix economic and societal problems

20. - Sherman Anti-Trust Act a) No more trusts (monopolies) - Federal Trade Commission a) Keep business competition free and fair

21. IV.Labor movement 1) Workers weren’t exactly treated well - Used the working class - Eliminated competition, supply went down - Cheap labor ($8-12/week) - 12-14 hour days, 6-7 days/week - Accidents were plentiful

22. WorkWagesJobs ChildrenStart at age 10 30% of what men make Factories Newsies Unskilled labor WomenAll women work 50% of what men make Factories

23. What does immigration have to do with this?

24. What is the message of this cartoon? How does it fit today?

25. 2) “We’re Not Gonna Take It!!”“We’re Not Gonna Take It!!” - Workers decided they had rights - Labor unions are an organization of workers who want to improve status

26. What/Who are these? –strikes –Samuel Gompers –Haymarket –Mother Jones –Industrial Workers of the World –Eugene Debs

27. What to do? - Reword the song - Draw a picture that represents the song - Write a paragraph about how the song represents this period

28. Students will be divided into groups: (1) lower class workers requesting higher wages (2) barons of industry (3) a group of concerned citizens that feel threatened by immigrants coming into American.

29. V.Populist Movement - Farmers weren’t happy - Wages were high and imports were expensive - Formed the Populist party a) Wanted gov’t ownership of all railroads b) Election reform c) Free silver

30. shamrag.blogspot.com/.../last-day- of-year.htmlshamrag.blogspot.com/.../last-day- of-year.html www.yousephtanha.com/blog/categ ory/transformers/www.yousephtanha.com/blog/categ ory/transformers/ www.simpsonstrivia.com.ar/superm an-picture.htmwww.simpsonstrivia.com.ar/superm an-picture.htm http://amhist.ist.unomaha.edu/mod ule_files/Iron,%20Steel%20and%2 0Coal%20Production.bmphttp://amhist.ist.unomaha.edu/mod ule_files/Iron,%20Steel%20and%2 0Coal%20Production.bmp

31. http://www.j-bradford- delong.net/Econ_Articles/carneg ie/delong_moscow_paper2.htmlhttp://www.j-bradford- delong.net/Econ_Articles/carneg ie/delong_moscow_paper2.html