1. Industry’s Golden Age GO BIG OR GO HOME 2. The Big 3 EntrepreneursAndrew Carnegie Steel Cornelius Vanderbilt Railroad Rockefellar Oil 3. Carnegie Scottish Philanthropist…

Slide 1Capitalism in the Gilded Age Adam Smith (1776) Origins of Species (1859) Social Darwinism William Graham Sumner (1880s) Andrew Carnegie (1901) Gospel of Wealth (1889)…

Slide 1 © 2001 J. Douglass Klein Competition and Profits q P Marg. Cost Av. Cost Market Price 1 Market Price 2 Market Price 3 Slide 2 © 2001 J. Douglass Klein Monopoly…

Bad Big Business Tactics Legislation/Regulation & Unionization Andrew Carnegie, 1835-1919 Scottish Immigrant Came to United States 1848, age 12 âWhen fate hands us a…

Captains of industry Captains of America Objective: I can explain how business leaders sought to limit competition and maximize profits in the late 19th century. Preview:…

DAILY LIFE Industrialism and Daily Life USH&G The Rise of Industrialism Why Industrial Growth? Lots of natural resources Better transportation People move to cities Provided…