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Objectives:

Objectives:. 9. Explain why tycoons wanted to keep government and business separate. 10. List 2 problems associated with monopolies. . 10/12: Monopolies. Pro-Monopoly. Tycoons: Robber Barons: Rockefeller, Carnegie, Vanderbilt, Morgan. Pro-Monopoly.

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Objectives:

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  1. Objectives: • 9. Explain why tycoons wanted to keep government and business separate. • 10. List 2 problems associated with monopolies.

  2. 10/12: Monopolies

  3. Pro-Monopoly • Tycoons: • Robber Barons: Rockefeller, Carnegie, Vanderbilt, Morgan

  4. Pro-Monopoly • Free-Enterprise system: Keep the government out of business • Laissez-faire: idea that government should play as small a role in economic affairs. “LAZY GOVERNMENT”

  5. Andrew Carnegie • “It will be a great mistake for the community to shoot the millionaires, for they are the bees that make the most honey, and contribute most to the hive even after they have gorged themselves full.”

  6. Anti-monopoly • Monopolies reduce competition and are bad for a majority of the people (Consumers)

  7. Anti-monopoly • Farmers were forced to pay high train rates • Burned Their Crops for fuel instead of paying high rates • Wanted the government to set more fair Rates

  8. Sherman Anti-Trust Act • 1890- bans the formation of trusts and monopolies

  9. Child Labor

  10. Child Labor

  11. Child Labor

  12. Child Labor

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