WHAT IS THE GILDED AGE?

•LATE NINETEENTHCENTURY

•SPREAD OF RAILROADLINES

•MOVING TO INDUSTRIALIZED CITIES

•LABOR UNIONS

•POLITICAL CORRPUPTNESS

INDUSTRIALIZATION

•MOVEMENT FROM RURAL(FARMS) TO URBAN (CITIES)

•LARGE SCALE MANUFACTURING

CAUSES OF INDUSTRIALIZATION

•A LOT OF NATURAL RESOURCES

•NEW MANUFACTURING METHODS

•IMPROVED TRANSPORTATION

RESULTS OF INDUSTRIALIZATION

• GROWTH OF CITIES

• INCREASED TRADE

•ENORMOUS FORTUNE

1. WHERE WERE PEOPLE MOVING DURING THE GILDED AGE?

2. WHAT CAN YOU SEE IN THIS PICTURE?

3. WHY DO YOU PEOPLE

THIS IMAGE ILLUSTRATES THE CHANGE FROM –

A. A DIRECT DEMOCRACY TO A REPRESENTATIVE

ONE

B. A FOREIGN POLICY OF ISOLATIONISM TO

INTERVENTIONISM

C. A SLAVE OWNING SOCIETY TO ONE WITHOUT

SLAVERY

D. A RURAL SOCIETY MOVING TO AN URBAN

SOCIETY

INVENTIONS

BESSEMER

PROCESS

ELECTRICITY

TELEPHONE

MORE

EFFICIENT

WAY OF

PRODUCIN

G STEEL

• THOMAS

EDISON

• BUSINESSE

S COULD

STAY OPEN

LONGER

• MAKE

MORE

• ALEXANDE

R GRAHAM

BELL

• COULD

COMMUICA

TE ACROSS

A

DISTANCE

KEY VOCABULARY

•MONOPOLY – BIG BUSINESS

•PHILANTROPHIST – GIVING MONEY TO CHARITY

•CAPTAINS OF INDUSTRY –BUSINESS LEADER

•ROBBER BARON – EXPLOITED RESOURCES TO BE RICHK

EY VOCABULARY

BIG BUSINESS OWNERS•ANDREW CARNEGIE•OWNED STEEL INDUSTRY

• JOHN D. ROCKEFELLER•OWNED STANDARD OILCOMPANY

•J.P. MORGAN•SUCCESSFUL BANKER

ANDREW CARNEGIE•FOUNDED CARNEGIE STEEL

•PHILANTHROPIST (GAVE MONEY TO CHAIRTY)

•PAID WORKERS LOWWAGES

•“PROVIDE LADDERS UPON WHICH THE ASPIRING CAN RISE”

GOSPEL OF WEALTH• GIVE MONEY IN A WAY THAT BENEFITS OTHERS

• DECIDE WHAT KIND OF HELP POOR PEOPLE NEED

• USE WEALTH FOR THE GREATER GOOD OF SOCIETY

JOHN D. ROCKEFELLER•STANDARD OIL COMPANY

•HAD A MONOPOLY OVER THE PRODUCT

•FORCED RAILROADCOMPANIES TO GIVE HIM SPECIAL RATES

•CHARGED COMPETITORS HIGHER PRICES

“LAISSEZ-FAIRE” BUSINESS

•FRENCH FOR “HANDS OFF”

•GOVERNMENT SHOULD NOT INTERFERE IN FREE MARKET

•ECONOMY WORKED BETTER WITHOUT GOVERNMENT INTERFERENCE

•GREAT FOR BUSINESS OWNERS

SOCIAL DARWINISM•TOOK CHARLES DARWIN’S THEORY OF “SURVIVAL OF THE FITTEST”

•APPLIED IT TO PEOPLE

• IF YOU WERE POOR.. IT’S YOUR FAULT

•ONLY THE RICH WILL SURVIVE

CAPTAIN OF INDUSTRY ROBBER BARON•EXPANDS MARKETS

•CREATES MORE JOBS

•FUNDS NATION’S PUBLIC INSTITUTIONS

•PRACTICES PHILANTHROPY (CHARITABLE)

•DRAINS COUNTRY OF RESOURCES

•CORRUPTS PUBLIC OFFICIALS

•PAYS POOR WAGES

•WORKERS WORK IN DANGEROUS CONDITIONS

POLITICAL CORRUPTION

• PROVIDING SPECIAL PRIVLEDGE

• OFFERING BRIBES

• INDUSTRIES USED CONNECTIONS

WITH CORRUPT GOVERNMENT

OFFICIALS

MONOPOLIES

• DURING THE GILDED AGE THERE WAS AN

INCREASE IN SUPPORT FOR BIG BUSINESS

TODAY’S RECAP

MOVING FROM

RURAL TO…

WHAT IS RURAL?

WHAT IS URBAN?

BESSEMER PROCESS

PRODUCED…

LIGHT BULB CREATED

BY..

URBAN

COUNTRYSIDE

FARM

CITY

STEEL

THOMAS EDISON

WHAT COULD

BUSINESSES DO?

ANOTHER NAME FOR

BIG BUSINESS?

PHILANTHROPIST

ANDREW CARNEGIE

JOHN D.

ROCKEFELLER

STAY OPEN LONGER

MONOPOLY

MONEY TO CHARITY

CARNEGIE STEEL

STANDARD OIL

J.P. MORGAN

“LAISSEZ FAIRE”

SOCIAL

DARWINISM

POLITICAL

CORRUPTION

INCREASE IN

SUPPORT FOR..

BANKING

HANDS OFF

ONLY RICH SURVIVE

SPECIAL

PRIVLEDGE/BRIBES

BIG BUSINESS