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Aim: How did the Gilded Age lead to Industry and Big Business? Do Now: Homework: Modern Robber Barons

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Aim: How did the Gilded Age lead to Industry and Big Business? . Do Now: Homework: Modern Robber Barons . Causes of Industrialization. Natural Resources. Civil War. Technology. Growing Workforce. Gov’t Policies. Civil War . - PowerPoint PPT Presentation

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Page 1: Aim: How did the Gilded Age lead to Industry and Big Business?

Aim: How did the Gilded Age lead to Industry and Big Business? Do Now:Homework: Modern Robber Barons

Page 2: Aim: How did the Gilded Age lead to Industry and Big Business?

Causes of Industrialization

CivilWar

NaturalResources

Growing Workforce

TechnologyGov’tPolicies

Page 3: Aim: How did the Gilded Age lead to Industry and Big Business?

Civil War •The War encouraged production, innovation, and expansion of the railroad.

http://www.google.com/url?sa=i&rct=j&q=business+in+civil+war&source=images&cd=&cad=rja&docid=v4G96UdsdX0xeM&tbnid=F90KDsgAG_XPJM:&ved=0CAUQjRw&url=http://www.zazzle.com/civil_war_black_teamsters_business_card-240980800420236269&ei=iGwaUb-sMOSL0QG7mIDIDA&bvm=bv.42261806,d.dmQ&psig=AFQjCNEfBuCAJEvWeCNMRTWRJEvcG7pPiw&ust=1360772605707619
Page 4: Aim: How did the Gilded Age lead to Industry and Big Business?

Natural Resources •Ample Natural Resources like oil, fuels, and its growth.

Rockefeller

http://www.google.com/url?sa=i&rct=j&q=business+in+civil+war&source=images&cd=&cad=rja&docid=v4G96UdsdX0xeM&tbnid=F90KDsgAG_XPJM:&ved=0CAUQjRw&url=http://www.zazzle.com/civil_war_black_teamsters_business_card-240980800420236269&ei=iGwaUb-sMOSL0QG7mIDIDA&bvm=bv.42261806,d.dmQ&psig=AFQjCNEfBuCAJEvWeCNMRTWRJEvcG7pPiw&ust=1360772605707619
http://www.google.com/url?sa=i&rct=j&q=oil+monopoly&source=images&cd=&cad=rja&docid=_G3Ldghn6nnUBM&tbnid=Hpr8eEx9qNUHSM:&ved=0CAUQjRw&url=http://arcticcompass.blogspot.com/2011/04/another-look-at-federal-reserve.html&ei=pWwaUYKYCqq80QHGrIDYAw&bvm=bv.42261806,d.dmQ&psig=AFQjCNGacIjzULm32w1oueus16K3yQRYBA&ust=1360772637423540
Page 5: Aim: How did the Gilded Age lead to Industry and Big Business?

Growing Workforce• Immigrants are willing to work for low wages.

http://www.google.com/url?sa=i&rct=j&q=oil+monopoly&source=images&cd=&cad=rja&docid=_G3Ldghn6nnUBM&tbnid=Hpr8eEx9qNUHSM:&ved=0CAUQjRw&url=http://arcticcompass.blogspot.com/2011/04/another-look-at-federal-reserve.html&ei=pWwaUYKYCqq80QHGrIDYAw&bvm=bv.42261806,d.dmQ&psig=AFQjCNGacIjzULm32w1oueus16K3yQRYBA&ust=1360772637423540
Page 6: Aim: How did the Gilded Age lead to Industry and Big Business?

Technology •New technology and innovative business practices spurred growth.

http://www.google.com/url?sa=i&rct=j&q=interchangeable+parts&source=images&cd=&cad=rja&docid=xfQIteHhKBMFsM&tbnid=-rc2u9mvqwS_pM:&ved=0CAUQjRw&url=http://en.wikipedia.org/wiki/Interchangeable_parts&ei=yWwaUdbbFpKD0QGnk4D4DQ&bvm=bv.42261806,d.dmQ&psig=AFQjCNE1S1ISeHbZrpGac2oTNLkY5hZpGA&ust=1360772680624688
Page 7: Aim: How did the Gilded Age lead to Industry and Big Business?

Gov’t Policy •Government policies encouraged investment in business practices.

http://www.google.com/url?sa=i&rct=j&q=interchangeable+parts&source=images&cd=&cad=rja&docid=xfQIteHhKBMFsM&tbnid=-rc2u9mvqwS_pM:&ved=0CAUQjRw&url=http://en.wikipedia.org/wiki/Interchangeable_parts&ei=yWwaUdbbFpKD0QGnk4D4DQ&bvm=bv.42261806,d.dmQ&psig=AFQjCNE1S1ISeHbZrpGac2oTNLkY5hZpGA&ust=1360772680624688
Page 8: Aim: How did the Gilded Age lead to Industry and Big Business?

THE RISE OF BIG BUSINESS!

Page 9: Aim: How did the Gilded Age lead to Industry and Big Business?

Trusts• A group of separate companies placed under

control of a single management board.• Assign Stock to a board of trustees

Corporations • (firms)• Group ownership develops •Work to MAXIMIZE profits.

Page 10: Aim: How did the Gilded Age lead to Industry and Big Business?

Monopoly • Complete control of a product or service• They must buy out competitors or drive them out!

Page 11: Aim: How did the Gilded Age lead to Industry and Big Business?

“Captains of Industry”

Page 12: Aim: How did the Gilded Age lead to Industry and Big Business?

JP MORGAN • Private banking

Carnegie • “steel king” • Iron. Steel.

“Captains of Big Business”

Rockefeller Vanderbilt • Oil• Standard Oil Company

• Railroad Industry

Page 13: Aim: How did the Gilded Age lead to Industry and Big Business?
Page 14: Aim: How did the Gilded Age lead to Industry and Big Business?

Business leaders are getting wealthy; smaller companies and consumers begin to question big businesses’ goals and tactics .

The Debate over Big Business

Page 15: Aim: How did the Gilded Age lead to Industry and Big Business?

The Debate over Big Business “Robber Baron”

• Harm of high prices• Shrewd the

capitalists • Drive out small

businesses • Excessive power

“Captain of Industry”

• Provide thousands of jobs • Organized industry• Developed

business practices • Philanthropists

Page 16: Aim: How did the Gilded Age lead to Industry and Big Business?

Social Darwinism •Wealth was a measure of one’s inherited value on those who had it and were the most “fit”.

Does this JUSTIFY THE BUSINESS PRACTICES OF MONOPOLIES?

Page 17: Aim: How did the Gilded Age lead to Industry and Big Business?
Page 18: Aim: How did the Gilded Age lead to Industry and Big Business?

% of Billionaires in 1900

Page 19: Aim: How did the Gilded Age lead to Industry and Big Business?

Important Business Practices Protective Tariffs

Laissez Faire

Subsidizing

Railroad Strike

Breaking Antiunio

n Actions

Page 20: Aim: How did the Gilded Age lead to Industry and Big Business?

Antiunion Actions • Sherman Antitrust Act (1890): to order unions to STOP disrupting free trade. It outlawed any trust that operated restraint of trade or commerce in the US.

Page 21: Aim: How did the Gilded Age lead to Industry and Big Business?

Exit Ticket: Were the Titans of Big Business: Captains of Industry or Robber Barons..WHY!?


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