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Robber Barons and the Gilded Age

Robber Barons and the Gilded Age. Savannah Varney Anna Larson. Gilded Age. Mark Twain- late 19 th century- “glittering on the surface but corrupt underneath” Marketable corruption, unregulated capitalism National transportation, communication network.

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Robber Barons and the Gilded Age

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  1. Robber Barons and the Gilded Age Savannah Varney Anna Larson

  2. Gilded Age • Mark Twain- late 19th century- “glittering on the surface but corrupt underneath” • Marketable corruption, unregulated capitalism • National transportation, communication network

  3. Robber Barons and Captains of industry • John D. Rockefeller- controlled 90% of oil refining business • Andrew Carnegie- industrialist, philanthropist, and entrepreneur of steel companies while donating to educational foundations • Jay Gould- prototype for robber baron, and railroad king, stirred up most enmity • Cornelius Vanderbilt- railroad empire expert and son inherited his $95 million once he died

  4. Responses to Industrialization • Big debates over business processes in America were : • Whether capital came from exploitation or from patience and frugality • Whether fortune was the result of schemes or strain of high economic forces • Whether men of wealth and power were allowed to use their riches as they wish or if they should be taxed to support of the greater good

  5. American responses • 1879 - "a widespread feeling of unrest and brooding revolution." • Violent strikes and riots overcame the nation through the turn of the century.

  6. Sources • Bledson , Helen W. "How the Wealthy Lived." Searchasourus. EBSCOhost, Apr. 2009. Web 19 Feb. 2010. <http://web.ebscohost.com/sas/detail?vid=11&hid=108&sid=eb3f289f-1a59-4609-aecb 48fc345b417c%40sessionmgr14&bdata=JkF1dGhUeXBlPSZzaXRlPXNhcy1saXZl#db=prh&AN=2958896#db=prh&AN=2958896>. • Gilded Age (sidebar)." Issues & Controversies in American History. Facts On File News Services, 14 Apr. 2006. Web. 19 Feb. 2010. <http://www.2facts.com/article/has00001362>. • Jackson, Tom, Monica Evanchik, and Alicia DeSantis. "The Wealthiest Americans Ever." The New York Times [New York, NY]. TimesPeople, 15 July 2007. Web. 22 Feb. 2010. <http://www.nytimes.com/ref/business/20070715_GILDED_GRAPHIC.html#>. • Maier, Pauline, Merritt R. Smith, and Alexander Keyssar. A Historyof the United States Inventing America. New York, NY: W. W. Norton & Company, 2003. Print.

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