Industrial Giants
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Transcript of Industrial Giants
Industrial
Giants“Captains of Industry” or
“Robber Barons”
Robber Barons or Captains of Industry
??? ??? Praised for vision
and skills Invested their
wealth in worldwide ventures
Employed thousands of workers
Added to general prosperity
Destroyed competition
Damaged free-enterprise system
Reformers called for laws to prevent monopolies and regulate corporations
Benefitted at expense of others
Robber Barons or Captains of IndustryCaptains of
Industry Robber Barons Praised for vision
and skills Invested their
wealth in worldwide ventures
Employed thousands of workers
Added to general prosperity
Destroyed competition
Damaged free-enterprise system
Reformers called for laws to prevent monopolies and regulate corporations
Benefitted at expense of others
Robber Barons
Early Industrial GiantsJohn D. Rockefeller
Standard OilBig Four
Central Pacific Railroad
Andrew CarnegieCarnegie Steel Company
John D. Rockefeller
John D. Rockefeller Founded Standard Oil
ExxonMobil and Chevron World’s first billionaire Richest man in history ($330 billion) Founded
University of Chicago & Rockefeller University
Eradicated Hookworm and Yellow Fever
1911 – Congress orders break-up of Standard Oil
Rockefeller Center
Rockefeller Center
Rockefeller Center
The Big Four Big Four
Leland Stanford Stanford University
Collis P. Huntington Huntington Library Huntington Beach Huntington, VA
Dominate government and economy of California
Stanford Mansion
Stanford University
Stanford Mausoleum
Huntington Library
Huntington Gardens
Andrew Carnegie
Andrew Carnegie
Carnegie Steel CompanyPittsburgh, PA
Founded:Carnegie Hall Carnegie Mellon University
2nd richest man in history ($309 billion)
Carnegie Mellon University
Skibo Castle
Andrew Carnegie
"Maybe with the giving away of his money, he would justify what he had done to get that money."
Joseph Wall
Check for Understanding Do you feel Rockefeller and
Carnegie were robber barons or captains of industry? Why?
Do we face this same question today with modern businessmen?
Bill Gates Worth $58 billion Criticized for management
techniques Congress ruled violation of
anti-trust laws Founded Bill & Melinda Gates
FoundationLargest transparently operated charitable organization in the worldGiven over $28 billion as of 2007