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Industrialization and the Gilded Age

Industrialization and the Gilded Age. Julia Feldman, Brittany Seitzman , Kaitlin Homberg , Daniel Mulavelil , and Bhavichy V. The Gilded Age. Coined by Mark Twain who said “It is an era of serious social problems hidden by a layer of gold”

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Industrialization and the Gilded Age

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  1. Industrialization and the Gilded Age Julia Feldman, Brittany Seitzman, Kaitlin Homberg, Daniel Mulavelil, and Bhavichy V

  2. The Gilded Age • Coined by Mark Twain who said • “It is an era of serious social problems hidden by a layer of gold” http://www.youtube.com/watch?v=d0bwcppAGFc&list=PL67928E6ED0A35DA0

  3. Influence of railroads • Granger laws • Synchronized time • Specialty towns http://www.youtube.com/watch?v=d0bwcppAGFc&list=PL67928E6ED0A35DA0

  4. “Big Business” • Large scale, corporate controlled, financial business activity • Railroads, steel, and merchant banks • JPMorgan, Standard Oil Company, Carnegie steel

  5. Andrew Carnegie • Immigrant from Scotland • Founded a steel company • Used vertical integration • Used horizontal consolidation • Gospel of Wealth

  6. Railroad lines Controls Steel company Ore freighters Controls Coal and iron mines Controls

  7. Standard Oil Company Bought Bought Bought Competition Competition Competition

  8. John D Rockefeller • Creator of Standard Oil Company • Used trusts • Sold oil at a very low price and gave his employees very low wages • Robber Barons

  9. 1. What was the author trying to convey to his audience in this political cartoon?2. Explain the caption at the bottom in your own words3. Symbolically, who is being made to walk the plank?4.  Who do the pirates represent in this political cartoon? Why? “ONE SEES HIS FINISH UNLESS GOOD GOVERNMENT RETAKES THE SHIP”

  10. Assess the validity of this statement: “Modern American business practices were born during the 1880’s”

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