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Published byHilary Dalton Modified over 9 years ago
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Trust Busting Government Is Not Sure What To Do
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Do Not Write This Social Darwinism Trust Strong businesses survive; weak go under Businesses work together to ensure success; put others out
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Some cartoonists portrayed trusts as oversized bullies taking advantage of consumers. What actions are the trusts taking in this cartoon?
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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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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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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
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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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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)
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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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