Cornelius Vanderbilt Andrew Carnegie John Rockefeller J.P.
Morgan Henry Ford The Captains of Industry Slide 2 Cornelius
Vanderbilt=Railroads Started with steamboat industry Bought and
combined 3 railroads Vanderbilt University Slide 3 The race is on
"Admiral" Jim Fisk of the ERIE vs. Commodore Cornelius Vanderbilt
New York Central Lines. Slide 4 Andrew Carnegie=steel Scottish
Immigrant Philanthropist Efficient ways to produce high quality
steel-controlled every aspect of steel production: owned the iron
mines, the steel mills, the railroads and the shipping lines In the
1870s, he founded the Carnegie Steel Company, a step which cemented
his name as one of the Captains of Industry. Slide 5 Stronger steel
= taller buildings BESSEMER PROCESS OF MANUFACTURING STEEL Carnegie
the philanthropist. He believed the rich had a duty improve
society. Slide 6 John D. Rockefeller=oil He came from humble
beginnings (poor) Standard Oil Company was the company he founded
which became the Standard Oil Trust and ended competition in the
oil industry. He controlled 95% of oil industry Became a
philanthropist and gave about $550 million to charities. Slide 7
John D. Rockefeller had to perform a delicate balancing act to
maintain his reputation as a philanthropist while living the live
of a wealthy businessman. Before his death in 1937, Rockefeller
gave away nearly half of his fortune. Churches, medical
foundations, universities, and centers for the arts received hefty
sums of oil money. http://www.ushistory.org/us/36b.asp Slide 8 J.P.
Morgan=steel Powerful NY banker Morgan dominated two industries in
particularhe helped consolidate the railroad industry in the East
and formed the United States Steel Corporation in 1901which bought
our Carnegie Steel Formed US Steel Corporation Philanthropist Slide
9 Henry Ford= automobile Founded Motor Company Model T Introduced
the assembly line to the automobile industry The Ford Foundation is
the charity started in his name and provides funding for a variety
of causes. Slide 10 Slide 11 Discussion Questions.. Why are these
men considered Captains of Industry? What makes some of them robber
barons? What do you think the Gilded Age means? Why do you think
these men got SO rich? What is a philanthropist? What were examples
of the biggest businesses in the early 1900s?
