Wednesday/Thursday, Sept. 17 & 18 Objective: • We will analyze the impact of big business on America in the early 1900s. Agenda: • Warm Up • Monopolies and Growth of Industry • Robber Barons and Captains of Industry • What did you learn HW: • Unit 1 Review Sheet due 9/23 • Unit 1 Test on Tuesday 9/23
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Wednesday/Thursday, Sept. 17 & 18 Objective: We will analyze the impact of big business on America in the early 1900s. Agenda: Warm Up Monopolies and Growth.
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Wednesday/Thursday, Sept. 17 & 18Objective:• We will analyze the
impact of big business on America in the early 1900s.
1. List the 4 nationalities that migrated to the US during the 1870s-1900s to work .
2. Why did most Asian Immigrants settle out in the West?
3. Why were Chinese immigrants discriminated against and treated poorly?
4. Like automobiles, which businesses grew due to the expansion of railroads?
LARGE AMERICAN COMPANIES
The Creation of Monopolies• A monopoly is when on
company owns/controls an entire market or industry.
• This allows that company to control the prices of their product.
• The laissez-faire government of the 1870s-1900s allowed big bussiness to thrive and control the market place.
Why did big Business Grow?• Availability of a work force (immigrants)• National Markets created by transportation.• Lower cost of production.• Inventions.• Advertising.• Financial resources.• Access to raw materials and energy sources.• Lack of Government regulation.
Social Darwinism• “Only the strong survive”• “Survival of the fittest”
• Businesses and companies that are strong and powerful will continue on to be successful.
• Companies that cannot keep up with modern technology, innovation, production or competition will “die off”.
"The law of competition may be sometimes hard for the individual, [but] it is best for the race, because it insures
the survival of the fittest in every department.“
-Andrew Carnigie
Robber Barons vs. Captains of IndustryRobber Barons:A ruthlessly powerful U.S. capitalist or industrialist of the late 19th century considered to have become wealthy by exploiting natural resources, corrupting legislators, or other unethical means.
Andrew Carnegie• Led the enormous expansion of the
American steel industry in the late 19th century.
• He used his connections to acquire contracts for his Keystone Bridge Company and the rails produced by his ironworks company. Essentually monopolizing the steel industry.
• Although he made millions, he never raised wages or improved working condition in his factories.
• At his death, he had already given away $350,695,653 to charity.