Industrial Giants

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Industri al Giants “Captains of Industry” or “Robber Barons”

description

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 - PowerPoint PPT Presentation

Transcript of Industrial Giants

Page 1: Industrial Giants

Industrial

Giants“Captains of Industry” or

“Robber Barons”

Page 2: Industrial Giants

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

Page 3: Industrial Giants

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

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Robber Barons

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Early Industrial GiantsJohn D. Rockefeller

Standard OilBig Four

Central Pacific Railroad

Andrew CarnegieCarnegie Steel Company

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John D. Rockefeller

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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

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Rockefeller Center

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Rockefeller Center

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Rockefeller Center

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The Big Four Big Four

Leland Stanford Stanford University

Collis P. Huntington Huntington Library Huntington Beach Huntington, VA

Dominate government and economy of California

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Stanford Mansion

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Stanford University

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Stanford Mausoleum

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Huntington Library

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Huntington Gardens

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Andrew Carnegie

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Andrew Carnegie

Carnegie Steel CompanyPittsburgh, PA

Founded:Carnegie Hall Carnegie Mellon University

2nd richest man in history ($309 billion)

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Carnegie Mellon University

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Skibo Castle

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Andrew Carnegie

"Maybe with the giving away of his money, he would justify what he had done to get that money."

Joseph Wall

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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?

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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