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Industrial Giants

Industrial Giants. “Captains of Industry” or “Robber Barons”. ???. Robber Barons or Captains of Industry. ???. Praised for vision and skills Invested their wealth in worldwide ventures Employed thousands of workers Added to general prosperity. Destroyed competition

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Industrial Giants

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  1. Industrial Giants “Captains of Industry” or “Robber Barons”

  2. ??? Robber Barons or Captains of Industry ??? Praised for vision and skills Invested their wealth in worldwide ventures Employed thousands of workers Added to general prosperity Destroyed competition Damaged free-enterprise system Reformers called for laws to prevent monopolies and regulate corporations Benefitted at expense of others

  3. Robber Barons Robber Barons or Captains of Industry Captains of Industry Praised for vision and skills Invested their wealth in worldwide ventures Employed thousands of workers Added to general prosperity Destroyed competition Damaged free-enterprise system Reformers called for laws to prevent monopolies and regulate corporations Benefitted at expense of others

  4. Robber Barons

  5. Early Industrial Giants • John D. Rockefeller • Standard Oil • Big Four • Central Pacific Railroad • Andrew Carnegie • Carnegie Steel Company

  6. John D. Rockefeller

  7. John D. Rockefeller • Founded Standard Oil • ExxonMobil and Chevron • World’s first billionaire • Richest man in history ($330 billion) • Founded • University of Chicago & Rockefeller University • Eradicated Hookworm and Yellow Fever • 1911 – Congress orders break-up of Standard Oil

  8. Rockefeller Center

  9. Rockefeller Center

  10. Rockefeller Center

  11. The Big Four • Big Four • Leland Stanford • Stanford University • Collis P. Huntington • Huntington Library • Huntington Beach • Huntington, VA • Dominate government and economy of California

  12. Stanford Mansion

  13. Stanford University

  14. Stanford Mausoleum

  15. Huntington Library

  16. Huntington Gardens

  17. Andrew Carnegie

  18. Andrew Carnegie • Carnegie Steel Company • Pittsburgh, PA • Founded: • Carnegie Hall • Carnegie Mellon University • 2nd richest man in history ($309 billion)

  19. Carnegie Mellon University

  20. Skibo Castle

  21. Andrew Carnegie • "Maybe with the giving away of his money, he would justify what he had done to get that money." • Joseph Wall

  22. Check for Understanding Do you feel Rockefeller and Carnegie were robber barons or captains of industry? Why? Do we face this same question today with modern businessmen?

  23. Bill Gates • Worth $58 billion • Criticized for management techniques • Congress ruled violation of anti-trust laws • Founded Bill & Melinda Gates Foundation • Largest transparently operated charitable organization in the world • Given over $28 billion as of 2007

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