PowerPoint Presentation

The American Beauty Rose can be produced in the splendor and fragrance which bring cheer to its beholder only by sacrificing the early buds which grow up around it. This is not an evil tendency in business. It is merely the working-out of a law of nature and a law of God.John D Rockefeller

What point is JDR making byComparing the American BeautyRose to business in the Gilded Age?Are Marcel Luigi and/or Alfredo Carporci in la casa?

Social Darwinismsurvival of the fittest in businessThe most competent businesses would survive and society would benefit from fierce competitionLaissez faireallow to doGovt should leave business alone to let this take place and not regulate big business

Government actually supports big business:High tariffsNo immigration restrictionsSubsidizes the railroadsPOSITIVE EFFECTS OF THE Rise of big business in the Gilded Age (1870s- early 1900s)1870s, 80s- Largest economic growth in historyPass Britain as worlds #1RR- transform the economyMechanized farming- massive production of food in the westCorporations become the dominate form of businessBy 1900 trusts dominate steel, oil, sugar, meat and farm machinery industries (horizontal, vertical integration)Millions employed- huge era of innovation and inventions (kerosene, steel, telephone, electricity, running water, phonograph)Rise of the middle class (wages increase 60%) and wealth (per capita income #1 in the world)

Gospel of Wealth- Industrialists become philanthropistsCarnegie donates 90% of wealth to charityRockefeller- $500,000,0001000s of colleges, hospitals, museums, academies, schools, opera houses, public libraries, charities paid for by industrialistsBy the end of the 1800s, many began to be critical of the power of big business and the wealth of industrialists

According to the cartoonsWhat was the problem with the rise of big business, formation of monopolies and trusts, and the growing power and wealth of industrialists.

(on back of your cartoon, write down at least three issues the cartoons are critical of)What a Funny Little Government, by Horace Taylor for the September 25, 1899 issue of The Verdict

THE TRUST GIANTS POINT OF VIEWWHAT A FUNNY LITTLE GOVERNMENT

Mark Hanna- iron and coalindustrialistPhilip Armour- meatpackingindustrialistONE SEES HIS FINISH UNLESS GOOD GOVERNMENT RETAKES THE SHIPLABORThe Standard Oil Octopus

Joseph Keppler - 1889 political cartoon "The Bosses of the Senate",

The Protectors of our Industry1883

Russell Sage- financier andRailroad executiveCyrus Field- AmericanTelegraphCompanyJay Gould-Railroad DeveloperAnd speculatorWilliam Henry Vanderbilt- railroadsSamuel Ehrhardt, History Repeats Itself: The Robber Barons of the Middle Ages and the Robber Barons of Today, Puck, c. 1889

On back of your cartoon..If you havent, please write down 3 specific problems the cartoonists saw with the rise of big business, formation of monopolies and trusts, and the growing power and wealth of industrialists.

For at least one, write down a possible solution to the problem.

Challenge: what might the arguments be against the(se) solution(s)