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Industrialists of the Gilded Age
5

Industrialists Of The Gilded Age

Dec 25, 2014

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Page 1: Industrialists Of The Gilded Age

Industrialists of the Gilded Age

Page 2: Industrialists Of The Gilded Age

Bessemer Process

• Quick method of turning iron ore into steel• Led to more manufacturing

(factories/skyscrapers) & transportation (RRs/Trolley Cars/Subway)

Page 3: Industrialists Of The Gilded Age

Social Darwinism

• “Survival of the Fittest”• Influenced cut-throat business practices• Led to large differences in economic & social

class (few rich, many poor)

Page 4: Industrialists Of The Gilded Age

Robber Barons

• Industrialists who became wealthy through corrupt business practices

• Prevalent in the steel, oil, finances, & railroad industries

• Monopoly/Trust: Company controls an entire industry. Limits competition & controls price.

Page 5: Industrialists Of The Gilded Age

Philanthropy

• Donating some profits to charitable causes