PPT-Robber Barons

How to get rich in America How do you get to be a Robber Baron The term was used to describe business men who got INCREDIBLY RICH through unethical immoral and monopolistic methods Took advantage of political connections to get laws and treaties passed that would help them corner their markets. Captains of Industry?. U.S. History. Mrs. . B. Robber Baron or Captain of Industry?. Robber Baron. late-nineteenth-century industrialists, especially those who . overly displayed . their wealth . Wealthy . Cornelius Vanderbilt . Railroad and Steamboat Baron. “What do I care about the law. . Ain’t. I got the power?”. Worth $100 million at his death ($143 Billion today). One of his many arch enemies was Mark Twain who accused him of having no soul. . or . Captains of Industry?. Panic of 1893. corporation abuses, mismanagement, over building, and competition pushed many railroad to brink of bankruptcy. panic was worst depression up to that time. 500 banks and 15000 businesses failed. Chapter . 6. Section . 3. Objectives: . Identify business and management strategies that led to big business.. Explain Social Darwinism. Identify methods that led to monopoly. Big Business Emerges . Created by . Beldon. . Kealoha. with sources from these. Authors. : Christine . Colihan. and Amy . Vitcusky. August 2006. captains of industry or robber barons.. Students will . understand and learn that big . Large business organizations called “trusts” were formed. Trusts worked together to set prices & maximize profits. Businessmen come to be seen as “Captains of Industry” because of their ingenuity. Extortion:. Forced against your will. Rebates. :. discount or refund on “freight charges”. Drawbacks / Kickbacks:. . . Standard Oil gave certain railroads all its shipping business if it agreed to charge Standard Oil 25% to 50% less than its competitors. Students will be able to define:. Philosophies . Ruthless. Social Darwinism. What Industrial Philosophies led Robber Barons to be so ruthless?. Independent Activity. Read the 2 documents about Laissez-Faire economics and Social Darwinism and answer the questions that follow.. industrialists. . There is no doubt that these industrialists were driven by one motive, and that was wealth. However, historians and others debate the title to . bestow . on these men – that of “. Bellwork. terms to define:. Robber Baron: an American capitalist who got rich at the expense of others, exploited natural resources, or had unfair government influence.. Captains of Industry: business leaders who built a personal fortune and contributed positively to the country through jobs and philanthropy (charity). By Robber Barons: Junlan Lu, Sushil Bhandaru, Bhargav Vemulapalli. Of course they are justified!. Who are the Robber Barons?. Wealthy industrialists. Extremely powerful. Believed in creation of large, consolidated, organization. Today’s Objective . After today’s lesson, we will be able to…. Discuss whether the industrialists of the late 19. th. century were robber barons or captains of industry. Robber Baron or Captain of Industry. Chapter 19 – Big Business and Urbanization. Extortion:. Forced against your will. Rebates. :. discount or refund on “freight charges”. Drawbacks / Kickbacks:. . . Standard Oil gave certain railroads all its shipping business if it agreed to charge Standard Oil 25% to 50% less than its competitors. Transforming the American Economy and Society. Robber Barons or Captains of Industry?. Student Learning Target/Objective. I can examine how industrialization transformed the US economy.. Access . Notebowl.