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Trust Busting Government Is Not Sure What To Do. Do Not Write This  Social Darwinism  Trust  Strong businesses survive; weak go under  Businesses.

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Presentation on theme: "Trust Busting Government Is Not Sure What To Do. Do Not Write This  Social Darwinism  Trust  Strong businesses survive; weak go under  Businesses."— Presentation transcript:

1 Trust Busting Government Is Not Sure What To Do

2 Do Not Write This  Social Darwinism  Trust  Strong businesses survive; weak go under  Businesses work together to ensure success; put others out

3 Some cartoonists portrayed trusts as oversized bullies taking advantage of consumers. What actions are the trusts taking in this cartoon?

4 Antitrust Movement  Protest of Big Business  Monopolies (horizontal integration)  Sherman Antitrust Act  Small companies cannot compete  Eliminates competition leading to high prices  Outlawed Monopolies and trusts  Poorly written and has many loopholes - little effect

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6 Labor Unions  Formation of Labor Unions  Collective Bargaining  Workers want Better wages Fewer Hours Better conditions  Workers negotiate as a group  Employers hate this, often fire those forming a union

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9 Two Major Unions  Knights of Labor  Skilled and Unskilled workers/ all races, genders  Led by Terence Powderly  Wanted 8 hour day, equal pay for men and women, end to child labor

10 Two Major Unions  American Federation of Labor (AFL)  Only skilled workers (more power)  Led by Samuel Gompers  By 1890, had more members than the Knights

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12 Socialism vs. Capitalism  Socialism  Capitalism  Government controls businesses - how they are run and how they treat workers  Owner has little control  Owner in complete control of every facet of business (conditions, hours, pay)

13 Extra Credit (if you have nothing else to work on for Social Studies)  It is 1890. The federal (U.S.) government is looking for answers about how to make both the citizens and the business owners happy.  You are a member of the House of Representatives from Western New York.  Create a speech to be given on the House floor advocating capitalism or socialism and support it with at least two reasons/examples.  This will be due next block.


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