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Unit 9 L 5 A : Incorporation of America Growth of Big Business

Unit 9 L 5 A : Incorporation of America Growth of Big Business. WARM-UP ACTIVITY Only in class. Learning Objectives: Describe effects of rapid industrialization on the rise of big business in the U.S. . Key Terms: Corporation (731) Stock (731) Limited Liability Philanthropy

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Unit 9 L 5 A : Incorporation of America Growth of Big Business

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  1. Unit 9 L 5 A : Incorporation of AmericaGrowth of Big Business WARM-UP ACTIVITY • Only in class.

  2. Learning Objectives: Describe effects of rapid industrialization on the rise of big business in the U.S. . • Key Terms: • Corporation (731) • Stock (731) • Limited Liability • Philanthropy • Vertical Integration • Horizontal Integration • Effects: • Civil War leads to a more prominent role for the federal government. • Major industries form in steel, railroads, oil, tobacco, and power. • The period focused on laissez-faire economics, deflation of currency, and Social Darwinism

  3. SOAPS ANALYSIS: Laissez-Faire Policies: “Bosses of the Senate” Cartoon Analysis

  4. SOAPS ANALYSIS: Laissez-Faire Policies: “Bosses of the Senate” Cartoon Analysis

  5. Railroads “Boom or Bust” Industry What invention helped to spur this industry in the U.S. and Europe? How many transcontinental railroads were constructed by 1890? How did the federal government aid this boom in rail line construction? How did this industry lead the U.S. into depressions in 1873 and in 1893?

  6. Social Darwinism“Gospel of Wealth” • White ______ ______ _________(WASP) are superior. • Inequality is inevitable and good. • Wealthy should act as “trustees” for their “poorer brethren.” What is philanthropy? • Pamphlet “Wealth” written by _______ _________

  7. Robber Barons or Captains of Industry • Andrew Carnegie • John D. Rockefeller • J.P. Morgan • James B. Duke • Cornelius Vanderbilt

  8. Monopolists of 19th Century

  9. Monopolists View of Philanthropy

  10. What do these big business owners have in common? • What type of government policies do they want the U.S. federal government to pursue? Why? • How do they demonstrate their agreement with Herbert Spencer’s concept of Social Darwinism? • What type of money supply do they favor? • What is their view of philanthropy?

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