Gilded Egg Gilded Age 1850-1920 Is it all about the Benjamins ($)? Big Idea: Bittersweet.
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Transcript of Gilded Egg Gilded Age 1850-1920 Is it all about the Benjamins ($)? Big Idea: Bittersweet.
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Gilded Egg
Gilded Age1850-1920
Is it all about the Benjamins ($)?
Big Idea: Bittersweet
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Greed is Good
•Is what he talks about true? –Is greed good?–Why or why not?
•What are the goals of his corporation?
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Transforming AmericaWhat does this mean?I. Industry1) Railroads
- 1890: Were making twice as much as the government
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Unites the U.S.
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0
100,000,000
200,000,000
300,000,000
400,000,000
500,000,000
600,000,000
700,000,000
800,000,000
900,000,000
1,000,000,000
Railroads U.S. Government
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2) Steel- Lots of resources- Quick steel
making processwas invented making steel cheaper to produce
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3) Oil- Drilling for oil waseasier and it was becoming a useful product
How would these industries change the U.S.? Ex. of each
How have these impacted your life?
II. Big Business1) “Robber Barons” or
“Captains of Industry”
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- Cornelius William Vanderbilt
- Andrew Carnegie- John D. Rockefeller
“Captain of Industry” or “Robber Baron” Why?
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- It’s OK to be a Robber Baron.- Robber Barons are good for
society.
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2) 1859 – 1899 (U.S.)- Manufactured product
value up 622% a) $1.8 billion - $13
billion3) Who do you trust?
- What is a trust?
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Different business trustees
Bob’s Oil
Jen’sOil
Spike’sOil
Anna’sOil
StocksMoney
Business owners
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•Are these businesses competing against each other?
•What is going to happen?•Why might/should this be illegal?
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- Vertical Integrationa) the process of buying
out suppliers and distributorsex. Buying a tire factory because we make cars
- Horizontal Integrationa) the process of buying
out competitorsex. A hot dog vender who starts selling hamburgers
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•Show some examples of vertical integration and horizontal integration.–Diagram, act out, something!!–What are some examples in the world today?
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4) Gospel of WealthIf you’re rich what do you do with all the money?
- Make sure the money is put to good use
- The rich are superior humans, God gave the rich the money
Can the poor have the money? Why or why not?
- The poor make poor decisions and therefore shouldn’t have themoney
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5) Social Darwinism - Reading, Notes over the
reading- Definition
How is the Gospel of Wealth similar to Social Darwinism?
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6) Government InvolvementWhat do you think?How much should the
gov’t be involved? - Laissez-faire – “let do” gov’t not involved- People wanted the gov’t
to fix economic and societal problems
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- Sherman Anti-Trust Acta) No more trusts
(monopolies) - Federal Trade
Commissiona) Keep business
competition free and fair
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IV. Labor movement 1) Workers weren’t exactly treated
well - Used the working class - Eliminated competition, supply
went down- Cheap labor ($8-12/week)- 12-14 hour days, 6-7 days/week- Accidents were plentiful
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Work Wages JobsChildren Start
at age 10
30% of what men make
Factories NewsiesUnskilled labor
Women All women work
50% of what men make
Factories
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•What does immigration have to do with this?
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What is the message of this cartoon?How does it fit today?
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2) “We’re Not Gonna Take It!!”
- Workers decided they had rights
- Labor unions are an organization of workers who want to improve status
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•What/Who are these?–strikes–Samuel Gompers–Haymarket–Mother Jones–Industrial Workers of the World–Eugene Debs
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What to do?
- Reword the song- Draw a picture that represents the song- Write a paragraph about how the song represents this period
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•Students will be divided into groups:
(1) lower class workers requesting higher wages (2) barons of industry (3) a group of concerned citizens that feel threatened by immigrants coming into American.
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V. Populist Movement- Farmers weren’t happy- Wages were high and imports were expensive- Formed the Populist party
a) Wanted gov’t ownership of all railroads
b) Election reformc) Free silver
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•shamrag.blogspot.com/.../last-day-of-year.html
•www.yousephtanha.com/blog/category/transformers/
•www.simpsonstrivia.com.ar/superman-picture.htm
•http://amhist.ist.unomaha.edu/module_files/Iron,%20Steel%20and%20Coal%20Production.bmp
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•http://www.j-bradford-delong.net/Econ_Articles/carnegie/delong_moscow_paper2.html