big business emerges businesses consolidate into big industries or ________________ businesses...

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Page 1: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These
Page 2: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Big Business Emerges

Businesses consolidate into big industries or ________________

These are run by businessmen who become very wealthy and become known as ___________________.

Page 3: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Big Business Emerges

Businesses consolidate into big industries or corporations

These are run by businessmen who become very wealthy and become known as _____________.

Page 4: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Big Business Emerges

Businesses consolidate into big industries or corporations

These are run by businessmen who become very wealthy and become known as robber barons.

Page 5: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Government practices

Government supported laissez-faire economics _______________ Government does very little _________ Result=very wealthy businesses and lots of corruption

and little competition

Page 6: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Government practices

Government supported laissez-faire economics Means hands off Government does very little _________ Result=very wealthy businesses and lots of corruption

and little competition

Page 7: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Government practices

Government supported laissez-faire economics Means hands off Government does very little regulation Result=very wealthy businesses and lots of corruption

and little competition

Page 8: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Social Darwinism

Idea that the best individuals will succeed The survival of the _______ Government should do very little

Page 9: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Social Darwinism

Idea that the best individuals will succeed The survival of the fittest Government should do very little

Page 10: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Robber Barons or Captains of Industry?

Andrew Carnegie Built a giant steel firm Bought out competition and

provides of raw materials and transportation of his goods

Known as __________ consolidation

Page 11: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Robber Barons or Captains of Industry?

Andrew Carnegie Built a giant steel firm Bought out competition and

provides of raw materials and transportation of his goods

Known as vertical integration

Page 12: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Vertical Integration

Buying out companies for ________ of the productive process from raw materials to marketing.

Page 13: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Vertical Integration

Buying out companies for every stage of the productive process from raw materials to manufacturing to marketing.

Page 14: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

John D. Rockefeller

Another robber baron Controlled ___________ Bought other oil

companies This is horizontal

consolidation=controlling competition at ___________ process of a product.

Page 15: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

John D. Rockefeller

Another robber baron Controlled Standard

Oil Bought other oil

companies This is horizontal

consolidation=controlling competition at ___________ process of a product.

Page 16: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

John D. Rockefeller

Another robber baron Controlled Standard

Oil Bought other oil

companies This is horizontal

consolidation=controlling competition at one step in the process of a product.

Page 17: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Horizontal Integration

Vert

ical In

teg

rati

on

Page 18: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Other robber barons Cornelius Vanderbilt:

___________________

J. P. Morgan: ________________________

Robber barons did philanthropy work (gave money to charities)

Page 19: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Other robber barons Cornelius Vanderbilt: RR

monopolist J. P. Morgan: __________

______________

Robber barons did philanthropy work (gave money to charities)

Page 20: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Other robber barons Cornelius Vanderbilt: RR

monopolist J. P. Morgan: banking

monopolist

Robber barons did philanthropy work (gave money to charities)

Page 21: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Are you a philanthropist? Could you be?

Page 22: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Monopolies and trusts

Robber barons created _________ Where a firm controls

__________________________

Also created _____ Companies agree to work

together

Page 23: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Monopolies and trusts

Robber barons created monopolies Where a firm controls

__________________________

Also created _____ Companies agree to work

together

Page 24: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Monopolies and trusts

Robber barons created monopolies Where a firm controls all

the competition

Also created _____ Companies agree to work

together

Page 25: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Monopolies and trusts

Robber barons created monopolies Where a firm controls all

the competition

Also created trusts Companies agree to work

together

Page 26: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Sherman Anti-trust Act

Congress passed the Sherman anti-trust act to outlaw ______________

___________ Difficult toenforce

Page 27: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Sherman Anti-trust Act

Congress passed the Sherman anti-trust act to outlaw trusts and monopolies Difficult toenforce

Page 28: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

What’s wrong with this?

What’s wrong with having monopolies and no competition?

Page 30: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

End

Finish working on Guided Reading 19-2 front and back (Due Monday)

Page 31: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Industrial Workers

Page 32: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Working conditions

Conditions were terrible Long hours Dangerous conditions Poor living conditions Child Labor To improve conditions

formed labor unions

Page 33: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Development of Labor unions

Labor Movement: unions illegal until 1840's for interfering in commerce, black lists Federal Government kept unions weak

 

Page 34: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Unions

Knights of Labor: unskilled/skilled workers demanded reforms in child labor, safety, hours (8 hr day), equal pay for women

American Federation of Labor: skilled workers demanded higher pay, shorter work weeks.

Page 35: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Strikes

Strikes resulted and usually ended in violence. Government usually sent in troops against the unions

Page 36: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

3 Main Goals of UnionsWrite these on the side of your notes

Shorter hours (8 hours of work, 8 hours of sleep, and 8 hours for whatever)

Higher wages Safer working conditions

Page 37: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Notable Strikes

Great RR Strike of 1877: RR shut down, Hayes used army to end strike

Haymarket Square Riot: bomb killed 7 policeman, police fired on strikers

Homestead Strike: Carnegie hired Pinkertons to violently end strike

Pullman Strike: RR shut down, federal troops brought in and people get hurt and lose their jobs.

Page 38: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Business leaders react

Unions were prevented by: Not hiring union workers Banning union meetings Using the courts and troops to stop unions

Page 39: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

End

Page 40: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

June1892

May1894

Homework: Read 568-569 and complete this chart

Page 41: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

June1892

May1894

Page 42: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot

June1892

May1894

Page 43: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot Workers gather to protest the killing of two strikers by the police

June1892

May1894

Page 44: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot Workers gather to protest the killing of two strikers by the police

Riot breaks out and many more protesters as well as police are killed.Knights reputation is harmed.

June1892

May1894

Page 45: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot Workers gather to protest the killing of two strikers by the police

Riot breaks out and many more protesters as well as police are killed.Knights reputation is harmed.

June1892

Homestead Strike

May1894

Page 46: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot Workers gather to protest the killing of two strikers by the police

Riot breaks out and many more protesters as well as police are killed.Knights reputation is harmed.

June1892

Homestead Strike Carnegie steel workers protested new machinery that would cost them jobs

May1894

Page 47: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot Workers gather to protest the killing of two strikers by the police.

Riot breaks out and many more protesters as well as police are killed.Knights reputation is harmed.

June1892

Homestead Strike Carnegie steel workers protested new machinery that would cost them jobs.

Carnegie hired Pinkertons to violently end strike.Union lost strike.

May1894

Page 48: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot Workers gather to protest the killing of two strikers by the police

Riot breaks out and many more protesters as well as police are killed.Knights reputation is harmed.

June1892

Homestead Strike Carnegie steel workers protested new machinery that would cost them jobs

Carnegie hired Pinkertons to violently end strike.Union lost strike.

May1894

Pullman Strike

Page 49: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot Workers gather to protest the killing of two strikers by the police

Riot breaks out and many more protesters as well as police are killed.Knights reputation is harmed.

June1892

Homestead Strike Carnegie steel workers protested new machinery that would cost them jobs

Carnegie hired Pinkertons to violently end strike.Union lost strike.

May1894

Pullman Strike Railroad workers protested wage cuts

Page 50: Big Business Emerges Businesses consolidate into big industries or ________________ Businesses consolidate into big industries or ________________ These

Date Conflict Causes Outcome

May1886

Haymarket Riot Workers gather to protest the killing of two strikers by the police

Riot breaks out and many more protesters as well as police are killed.Knights reputation is harmed.

June1892

Homestead Strike

Carnegie steel workers protested new machinery that would cost them jobs

Carnegie hired Pinkertons to violently end strike.Union lost strike.

May1894

Pullman Strike Railroad workers protested wage cuts

Gained nationwide support.Company broke strike because Federal Government sent in troops to end strike.