Captains of IndustryCaptains of Industryor Robber Barons ?or Robber Barons ?

Robber BaronRobber Baron

• By the 1890s the term was used to attack any businessman who used questionable practices to become wealthy. It combines the sense of criminal ("robber") and illegitimate aristocracy ("baron").

Captains of IndustryCaptains of Industry

describing a business leader whose means of amassing a personal fortune contributes positively to the country in some way

John D. John D. RockefellerRockefeller

Standard OilStandard Oil

John D. John D. RockefellerRockefeller

Standard OilStandard Oil

Horizontal integration - a firm is being taken over by, or merged with, another firm which is in the same industry. This process is also known as a "buy outbuy out" or "take-over""take-over". .

Goal:consolidate like companies and monopolize an industry.

Andrew CarnegieAndrew CarnegieSteel Industry

Andrew CarnegieAndrew CarnegieSteel Industry

Vertical IntegrationVertical Integration

J. P. MorganJ. P. MorganBanking

Someone had to lend them the money for the large corporations.

Social EffectsSocial Effectsof Industrial Revolutionof Industrial Revolution

““Rags to RichesRags to Riches””Gilded Age (1870 – 1900)Gilded Age (1870 – 1900)

Social EffectsSocial Effectsof Industrial Revolutionof Industrial Revolution

UrbanizationUrbanization

Social EffectsSocial Effectsof Industrial Revolutionof Industrial Revolution

TenementsTenements

Social EffectsSocial Effectsof Industrial Revolutionof Industrial Revolution

Child LaborChild Labor

Social EffectsSocial Effectsof Industrial Revolutionof Industrial Revolution

Labor Unions and LegislationLabor Unions and LegislationMines Mines

FactoriesFactories

Timber IndustryTimber Industry

Social EffectsSocial Effectsof Industrial Revolutionof Industrial Revolution

Labor Unions and LegislationLabor Unions and LegislationBy late 1800’s the fastest growing classBy late 1800’s the fastest growing class

of people in the western world was theof people in the western world was the

Middle ClassMiddle Class

Women: “A woman’s place is in the home”Women: “A woman’s place is in the home”

Social EffectsSocial Effectsof Industrial Revolutionof Industrial Revolution

SUFFRAGESUFFRAGE

Rights of Women to voteRights of Women to vote

Susan B. AnthonySusan B. Anthony

Political and EconomicsPolitical and EconomicsNew IdeasNew Ideas

Capitalism – Capitalism – Free EnterpriseFree Enterprise

Political and EconomicsPolitical and EconomicsNew IdeasNew Ideas

Socialism – Socialism – Private ownership of business withprofits being shared by allPrivate ownership of business withprofits being shared by all

Utilitarianism Utilitarianism --““greatest happiness for the greatest number”greatest happiness for the greatest number”

Political and EconomicsPolitical and EconomicsNew IdeasNew Ideas

Communist ManifestoCommunist Manifesto – Karl Marx – Karl Marx

Political and EconomicsPolitical and Economics

Communist ManifestoCommunist Manifesto – Karl Marx – Karl Marx

Struggle between social classesStruggle between social classes

would lead to a classless societywould lead to a classless society

Bourgeoisie vs Bourgeoisie vs ProletariatProletariat

Workers would rise up and take control of all production

(controlled by the state – gov. for the people, by the people)

By the early 1900’s

•Germany and United States were the Germany and United States were the Industrial leaders in the world…Industrial leaders in the world…

Union FightsUnion Fights

Midwest – Midwest – Auto IndustryAuto Industry

Steel ManufacturingSteel Manufacturing

West VirginiaWest VirginiaCoal MinesCoal Mines

Northwest – Northwest – Boeing AircraftBoeing Aircraft

Timber IndustryTimber Industry

SAT Scores by StateUnion vs Non-Union

Only Top Students Take Test – Validity

1 Iowa 3% 610 615 588 1813 RTW

2 Wisconsin 5% 594 608 582 1784 U

3 Minnesota 7% 595 609 578 1782 U

4 Missouri 5% 595 600 584 1779 U

5 Illinois 6% 588 604 583 1775 U

6 Michigan 5% 584 603 575 1762 U

7 South Dakota 3% 589 600 569 1758 RTW

8 Nebraska 4% 587 594 572 1753 RTW

9 North Dakota 3% 590 593 566 1749 RTW

10 Kansas 7% 581 589 564 1734 RTW

11 Kentucky 7% 573 573 561 1707 U

12 Oklahoma 5% 575 571 557 1703 RTW

13 Tennessee 10% 571 565 565 1701 RTW

14 Arkansas 5% 572 572 556 1700 RTW

16 Wyoming 5% 567 568 550 1685 RTW

17 Mississippi 4% 567 554 559 1680 RTW

18 Louisiana 7% 563 558 555 1676 RTW

19 Alabama 7% 557 552 549 1658 RTW

20 Utah 6% 559 558 540 1657 RTW

SAT Scores by StateUnion vs Non-Union

Test is Optional – around 50%

25 Washington 53% 524 531 507 1563 U

28 Oregon 52% 523 525 499 1548 U

29 Vermont 64% 518 518 506 1543 U

32 Alaska 46% 520 516 492 1528 U

33 Virginia 68% 511 512 498 1522 RTW

34 California 49% 500 513 498 1511 U

37 Maryland 69% 500 502 495 1498 U

38 Rhode Island 66% 498 496 494 1489 U

39 North Carolina 63% 495 511 480 1487 RTW

40 Nevada 42% 501 505 479 1485 RTW

41 Indiana 63% 496 507 480 1484 U

44 Florida 59% 497 498 480 1476 RTW

45 Texas 51% 486 506 475 1468 RTW

48 South Carolina 67% 486 496 470 1453 RTW

49 Hawaii 58% 479 502 469 1451 U

SAT Scores by StateUnion vs Non-Union

Push the Students to Take Test – Over 75%

26 New Hampshire 75% 523 523 510 1557 U

27 Massachusetts 84% 514 526 510 1551 U

30 Connecticut 83% 509 513 512 1535 U

36 New Jersey 76% 496 513 496 1506 U

42 Delaware 71% 495 498 484 1478 U

43 Pennsylvania 71% 493 501 483 1478 U

46 New York 85% 485 502 478 1466 U

47 Georgia 71% 490 491 479 1461 RTW

50 Maine 90% 468 467 455 1391 U

51 DC 79% 466 451 461 1379 UNK