Welcome Back!Warm-UP

Monday 4/16

• In your notebook list 3 important things you learned about industrialism before spring break.

The Growth of Big BusinessThe Good and the Bad

Describe This Image

What do you see?

It depends on Your Perspective!

Young Old Lady Woman

Business Leaders

Andrew CarnegieSteel

John D. RockefellerOil

Cornelius VanderbiltRailroads

J.P. MorganBanking

Philip ArmourMeatpacking

Robber Barons• Business leader

who made fortune by stealing from public.

• Drained natural resources, paid low wages to workers, required long hours of employees

• They persuaded public officials to interpret laws in their favor.

• They ruthlessly drove their competitors to ruin.

• Paid their workers meager wages and forced them to toil under dangerous and unhealthful conditions.

“Robber Barons”

Captains of Industry• The business leaders

served their nation in a positive way.• Increased the supply

of goods by building factories.• Raised productivity

and expanded markets.

• Created jobs that enabled many Americans

to buy new goods and raise their standard of

living.

• Also created museums, libraries,

and universities, many of which still

serve the public today.

Carnegie Hall

Carnegie Mellon University

Philanthropy• Concern for human

welfare, usually manifested by donations of money, property, or work to needy persons.

• Robber Baron – negative

Robber Baron versus Captain of Industry

Captain of Industry – positive

Robber Baron or Captain of Industry?

• You are going to walk around the room and note down key information about the 6 industrialist on your sheet.

• You will decide whether you think each industrialist is a Robber Baron or a Captain of Industry.

• We have looked at political cartoons throughout the semester and now it’s time to make your own.

• Choose one (or more than one) of the industrialists that we learned about today and create a political cartoon using them. Will you depict them as a Robber Baron or a Captain of Industry?

Which Led to the Sherman Antitrust Act

• Enacted in 1890• Effort by Congress to end trusts/monopolies• Ineffective due to lack of enforcement• More about it in future units