Monopoly- Real Talk

1. Monopoly- Real Talk

2. Learning Objective • What was America like after the Civil War • How did the condition of America make it easy for Big Business to be born? • What is a Monopoly? 4. What were the tycoons?

3. After the Civil War…. • Although Lincoln’s ULTIMATE goal was to…. • After the civil war, the country was broken • People headed ______________ to start over • After Abraham Lincoln came Andrew Johnson who was impeached, and then came Ulysses S. Grant celebrated Union hero • Grant was personally moral, but he surrounded himself with a CORRUPT administration • This administration worked hand in hand with Big Business to legislate laws that favored the tycoons • Entrepreneurs took advantage of the lack of government authority/ used government to benefit them • Big Business was born…. Here’s the story

4. The Least You Need To Know- After the Civil War • After the ____________________ the country was broken, as was the __________________ • ___________________ took advantage and ______________________ was born • _____________________ became president after Andrew Johnson, and hade an EXTREMELY corrupt _____________________ • Grant’s administration worked hand and hand with __________and ____________________ was born. “The Public be damned!” – William H. Vanderbilt (railroad tycoon)

5. $ BIG Business Out West$1877-1906 • Cows= BIG BUSINESS and BIG MONEY- • Cowboys and Cattle Towns • The West Really Was Wild! Modern Day Robin Hoods? STOP AND THINK- How is all of this beef being transported?

6. The Railroad! $$$ • The railroad was what connected the nation and what ran the nation • Whoever owned it, was rich! • John Pierpont Morgan (J.P. Morgan?) owned HALF of the rail roads in the nation • His friends (literally) owned the other half FIXED PRICES EXORBIENTLY HIGH, what did this accomplish? STOP AND THINK What is a monopoly?

7. Who Runs the World  Gold • After the war, the nation was funded by gold: gold gold and black gold= • In 1859 oil was struck in Pennsylvania, this gave an Ohioan name John Davidson Rockefeller an idea… he “knew” oil would be the next big thing, and he would make Cleveland the place to refine and distribute it • Then, (*just like in the game,) he put together ALL of the companies that had to do with oil (the Standard Oil Trust)  First of many almighty trust= STOP AND THINK What would an almighty trust allow you to do ?

8. The Gilded Age- The Rich Get Richer… • The Gilded Age was a time of naked greed, robber barons were making bank, as the rest of America was still recovering from the _____ _______ and HAD to bend to their will • Charles Darwin published his book, Origin of the Species, about natural selection= • Capitalist translated natural selection into economics ***Robber Barons claimed that government should not interfere with social welfare because those who were rich, were rich because they were the fittest and worked the hardest 

9. Light at the End of the Tunnel? • Carnegie Melon was the “Man of Steel” • He agreed with Social Darwinism BUT in a speech he gave called the, The Gospel of Wealth, he said it is the rich’s responsibility to use their money to help the poor! Age of Invention- There Were A LOT! • The Plane- Orville and Wilbur Wright • The Phone- Alexander Graham Bell • The Light Bulb- Thomas Edison • Skyscrapers- Multiple engineers • Car! Model T- Henry Ford

10. The Least You Need To Know- Real Life Monopoly • After the ________________ the government was broken. Entrepreneurs _______________ the niche in the market and making LOTS of _____________ becoming _______________ • Controlling EVERY ASPECT= _______________ • Tycoons like _____________________, _______________ and ________________ . • _________________________ in general went unchecked 5. Creating a roller-coaster BOOM AND BUST ECONOMY Needed more _________________ 6. Big Business generated investment and the era after the civil war was a time of GREAT ______

11. The Golden Door • America is a nation of immigrants • Everytime a new wave of immigrants came, the Americans that were here resented the immigrants because…… • When immigrants came they saw the Statue of Liberty- “Give me Your Tired Your Poor, Your Hungry…” • STOP AND THINK- Is this different from Today? The Other Half • The poor during this time were EXTREMELY poor, and the RICH were EXTREMEMLY rich • The poor lived in slums • Teddy Roosevelt wrote a book called, “How The Other Half Live” This inspired reform

12. Labor Organization to Fight Oppression • Knights of Labor- 1878- UNION (both skilled and unskilled worker… will fall apart after big strike failed - 8 hour work day - Lead Strikes - Fought Monopolies • AFL- American Federation of Labor Great Strikes • People started to realize, without the cogs (worker bees,) the machine doesn’t run! - Homestead Strike - Pullman Strike

13. cause The Least You Need To Know effect _____________________________

14. Names To Know! • Rockefeller- • Carnegie- • Monopoly- • Gilded Age- • Age of Invention-

15. Exit Slip- On a SEPARATE SHEET OF PAPER-Use your notes! READ and ANSWER each question FULLY! • What was America like after the Civil War • How did the condition of America make it easy for Big Business to be born? • What is a Monopoly? 4. Who were the tycoons?