if you won the lottery, make a quick list of what you would do with your money
TRANSCRIPT
If you won the lottery, make a quick list of what you would
do with your money.
Cars
SAVINGS
VacationPhilanthropy
PHILANTHROPYCharitable work and/or
fundraising.
He was an American shipping and railroad tycoon that helped create an 1800’s global transport network. He was called “commodore” because he made his fortune in shipping.
In the late 1840’s, Vanderbilt established the Accessory Transit Co. to move passengers and freight from New York to the California gold fields by way of central America. In the 1860’s, Vanderbilt added railroads to his transportation network by buying the controlling stock in the New York and Harlem railroad.
Soon Vanderbilt had taken over and consolidated the Hudson River and New York Central railroads.
Cornelius Vanderbilt
Leland StanfordBorn to a new york farming family ,
attended excellent schools. Practiced law in wisconsin and made a career in california. Built the western section of
railroads. Served one term as governor.
His political connections helped him obtain huge state land grants and other
benefits for his railroad companies.
Andrew CarnegieWhen Andrew was 12, his family left scotland to immigrate to the united states. He first worked
in a cotton factory for $1.20.
While working for thomas scott, years later, he learned about industrial leaders and investing. By the 1890’s he was one of the world’s richest men. By the age of 64 his steel company was
worth $480 million (13.5 billion today).
After he became very wealthy, Carnegie donated 2,509 libraries to towns and cities throughout the world at a cost of more than $56 million.
His intention was that his libraries be “free to the people forever,” words that are often inscribed on the buildings. Many of these libraries are still in use today.
J.P MorganHe provided loans to the US government to help
save the gold standard. This fixes the unit of currency equal to a set amount of gold.
He was also a huge supporter of the arts. Morgan was one of the early supporters of the
metropolitan museum of art.
John D. rockefeller
“Growth of business is merely a survival of the fittest.”
Like carnegie, he valued vertical integration. He bought railroad tanker cars to carry his oil and forced a 10 percent rebate from the railroads. He
also got kickbacks on his competitor’s oil shipments. When pipelines began to carry oil, rockefeller set up a pipeline network. By 1890, he was
worth $800 million.
Standard oil companies still exist as independent companies such as – exxonmobil, chevron and amoco
Write an Obituary NAME / ANNOUNCEMENT
Full name of the deceased, including nickname, if anyResidence (for example, the name of the city) at deathAge, day and date of death (remember to include the year)Cause of death
LIFEDate and place of birth Childhood: siblings, stories, schools, friendsMarriage(s)Education: school, college, university and otherEmployment
Places of residenceHobbies, sports, interests, activities, and other enjoymentCharitable, religious, political, and other affiliations; positions heldAchievements and DisappointmentsUnusual attributes, humor, other stories
FAMILYSurvived by (and place of residence):
SpouseChildren (in order of date of birth, and their spouses)Pets (if appropriate)
SERVICE information
How might this cartoon relate to the tycoons?
Do Now
1. businesses that sell portions of ownership called stock shares
2. profits
3. total ownership of a product or service
4. ownership of businesses involved in each step of a manufacturing process
5. owning all businesses in a certain field
6. a legal arrangement grouping together a number of companies under a single board of directors
7. a view of society based on scientist Charles Darwin’s theory of natural selection
Horizontal Integration Monopoly Trust Dividends Corporation
Social Darwinism Vertical Integration
Corporation – businesses that sell portions of ownership called stock shares
Dividends - profits
Monopoly – total ownership of a product or service
Vertical integration – ownership of businesses involved in each step of a manufacturing process
Horizontal integration - owning all businesses in a certain field
Trust – a legal arrangement grouping together a number of companies under a single board of directors
Social Darwinism - a view of society based on scientist Charles Darwin’s theory of natural selection
What is the grossest thing you can imagine?
Sanitation 1893 NYC
Sewage disposal, Rhode Island 1895
Theodore Roosevelt gave that name to the reporters who were always sifting through the dirt (or muck) to find stories about corruption.
He meant the name as an insult, but muckrakers took up the name proudly.
There were several well known muckrakers.
Muckrakers helped change the attitude of the public. Before their stories were published, many people tolerated corruption. Once people saw how corrupt politicians and businesses could possibly threaten the good of the nation, they joined the muckrakers in demanding reform.
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