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BIG BUSINESS-Robber Barons

Published on Nov 24, 2015

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

ECONOMY OF U.S. BEFORE THE CIVIL WAR

2.

ECONOMY OF U.S. AFTER THE CIVIL WAR

3.

BIG BUSINESS

THEN
4.

BIG BUSINESS

TODAY
5.

COMPARE THE "ROBBER BARONS" TO INDUSTRIALIST TODAY? IN THE BILLIONS

6.

BIG BUSINESS

CONTEMPORARY POLITICAL CARTOON
7.

AGRICULTURE V. BIG BUSINESS

8.

JOHN D. ROCKEFELLER

CAPTAIN OF OIL INDUSTRY
9.

JOHN D. ROCKEFELLER

  • Born poor
  • Captain of Oil Industry
  • Controlled 90-98% of oil in U.S.
  • Politically powerful
  • Company named Standard Oil
10.

OIL INDUSTRY

11.

OIL INDUSTRY

12.

STANDARD OIL

13.

JOHN D. ROCKEFELLER

  • Treated employees badly
  • Treated competitors badly
  • Created Trusts - illegal
  • All oil companies merged
  • Gave away $500 million
14.

UNIVERSITY OF CHICAGO

15.

UNIVERSITY OF CHICAGO

16.

UNIVERSITY OF CHICAGO

17.

JOHN D. ROCKEFELLER

VERTICAL MONOPOLY
18.

STANDARD OIL

THE GREAT MONOPOLY MONSTER
19.

JOHN D. ROCKEFELLER

THE GOVERNMENT IN THE PALM OF HIS HAND
20.

STANDARD OIL TRUST

21.

ROCKEFELLER HOME

22.

ROCKEFELLER HOME

23.

ROCKEFELLER HOME

24.

ROCKEFELLER HOME

25.

ROCKEFELLER HOME

26.

ANDREW CARNEGIE

CAPTAIN OF STEEL INDUSTRY
27.

STEEL INDUSTRY

CARNEGIE
28.

STEEL INDUSTRY

HOMESTEAD, PA
29.

STEEL INDUSTRY

HOMESTEAD MILL
30.

ANDREW CARNEGIE

  • Made good products cheaply
  • Kept accurate records
  • Hired smart people
  • Cutthroat
  • Wanted total control of steel industry
31.

COAL MINE

+
32.

IRON ORE

+
33.

RAILROADS

=
34.

HORIZONTAL INTEGRATION

35.

ANDREW CARNEGIE

  • By 1901, owned 80% of steel in U.S.
  • Made $25 million per year
  • Gave away $500 million
  • $11.6 billion today
  • Built Carnegie Hall
36.

ANDY CARNEGIE

GREAT PHILANTHROPIST
37.

CARNEGIE-MELLON

38.

CARNEGIE HALL

39.

ANDREW CARNEGIE

BUSINESS TRUSTS
40.

CHILDHOOD HOME

41.

CARNEGIE HOME

42.

CARNEGIE HOME

43.

CORNELIUS VANDERBILT

CAPTAIN OF RAILROAD & SHIPPING INDUSTRY
44.

CORNELIUS VANDERBILT

  • Shipping & Railroad industry
  • Sold shipping business in 1863
  • Worth $40 million in 1863
  • $770 million today
  • Made more in railroads
45.

RAILROAD INDUSTRY

VANDERBILT
46.

CORNELIUS VANDERBILT

CAPTAIN OF RAILROAD INDUSTRY
47.

RAILROAD TRUST

48.

VANDERBILT HOME

49.

VANDERBILT HOME

50.

VANDERBILT HOME

51.

VANDERBILT HOME

52.

VANDERBILT HOME

53.

VANDERBILT HOME

54.

VANDERBILT HOME

NEW YORK CITY
55.

VANDERBILT HOME

NEW YORK CITY
56.

VANDERBILT HOME

57.

ROBBER BARONS

STEALING MONEY FROM THE PEOPLE
58.

ROBBER BARONS

MONOPOLY OVER LABOR
59.

ROBBER BARONS

LOW WAGES AND POOR WORKING CONDITIONS
60.

BIG BUSINESS

CONTROL OVER THE GOVERNMENT
61.

OTHER INDUSTRIALISTS

62.

% OF BILLIONAIRES IN 1900

63.

J.P. MORGAN

CAPTAIN OF BANKING INDUSTRY
64.

BANKING INDUSTRY

65.

BIG BUSINESS

THE END

James Nance