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Unit 4 Review

Unit 4 Review. Unit 4 Review. Corporations – Post Civil War – limited liability Monopolies – Eliminate competition Sherman Anti-trust Act – 1 st attempt, ineffective Interstate Commerce Act – Limit power of railroads to set rates. Unit 4 Review. Laissez Faire –

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Unit 4 Review

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  1. Unit 4 Review

  2. Unit 4 Review • Corporations – • Post Civil War – limited liability • Monopolies – • Eliminate competition • Sherman Anti-trust Act – • 1st attempt, ineffective • Interstate Commerce Act – • Limit power of railroads to set rates

  3. Unit 4 Review • Laissez Faire – • No govt. interference in business • Social Darwinism – • Survival of fittest in business • Gilded Age – • A few enjoy great wealth, many are poor • Mass Production & Assembly Line – • Ford

  4. Unit 4 Review • Robber Barons vs. Captains of Industry – • Positive and negative views of business leaders • Free Enterprise System – • Businesses compete, succeed & fail • Rural to Urban population movement – • Migration, agricultural to industrial • Rockefeller, Carnegie, Morgan – • Capitalists, used cutthroat tactics

  5. Unit 4 Review • Philanthropists – • Gave away money, libraries • Knights of Labor – • Skilled & unskilled labor – failed • American Federation of Labor – • Skilled only – succeeded • Samuel Gompers – • Leader of AFL • Strikes – • Early ones were violent & unsuccessful

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