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Turn of the Century

Turn of the Century. Agenda. Share our Annotated Bibliography” Collect the Annotated Bibliography Start “Turn of the Century” Movie. America: The Story of US. http://www.youtube.com/watch?v=g5cS5IOMANk. Big Industry and the Robber Barons. PROJECT SHARE:

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Turn of the Century

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  1. Turn of the Century

  2. Agenda Share our Annotated Bibliography” Collect the Annotated Bibliography Start “Turn of the Century” Movie
  3. America: The Story of US http://www.youtube.com/watch?v=g5cS5IOMANk
  4. Big Industry and the Robber Barons PROJECT SHARE: 3 Important Facts about your TOPIC. Why is your TOPIC important to Reconstruction?
  5. Vocabulary Corporation- a business owned by many investors. Monopoly- company that controls all or nearly all business in a particular industry. Trust (Corporate)- a group of corporations run by a single board of directors.

  6. The Robber Barons

    Set up a new page of Cornell Notes We will look at 3 aspects of each man: Their wealth How they got there Their legacy
  7. What are Cornell Notes?
  8. What is real wealth? What kinds of jobs do the richest, most famous people that you know of have?
  9. What is real wealth? What kinds of jobs do the richest, most famous people that you know of have? Musicians?
  10. What is real wealth? What kinds of jobs do the richest, most famous people that you know of have? Musicians? Athletes?
  11. What is real wealth? What kinds of jobs do the richest, most famous people that you know of have? Musicians? Athletes? T.V.?
  12. 3 of the Wealthiest Men of All Time John D. Rockefeller (1) Andrew Carnegie (2) Cornelius Vanderbilt (4) Source: Business Insider 1 2 4
  13. 3 of the Wealthiest Men of All Time John D. Rockefeller (1) Andrew Carnegie (2) Cornelius Vanderbilt (4) Source: Business Insider All lived at the turn Of the 20th Century in America 1 2 4
  14. Carnegie’s Wealth Carnegie sold U.S. Steel for $495 million in 1901. Worth anywhere from $75 billion to $298 billion in today's terms
  15. Carnegie’s Wealth 6 times the wealth of Warren Buffet Carnegie sold U.S. Steel for $495 million in 1901. Worth anywhere from $75 billion to $298 billion in today's terms
  16. Carnegie’s Wealth Over 100times Tom Brady’s $ Carnegie sold U.S. Steel for $495 million in 1901. Worth anywhere from $75 billion to $298 billion in today's terms
  17. Carnegie’s Homes Castle in Scotland NY Mansion
  18. Vanderbilt’s Money and Power At the peak of his power, he owned almost half of the railroads in the eastern United States. wealth would be worth approximately $170 to $185 billion today.
  19. Vanderbilt’s Money and Power At the peak of his power, he owned almost half of the railroads in the eastern United States. wealth would be worth approximately $170 to $185 billion today. More than 3x Warren Buffet!!!
  20. Biltmore Estate, Asheville, NC
  21. Biltmore Estate, Asheville, NC Built between 1889 and 1895 by his grandson
  22. Biltmore Estate, Asheville, NC Built between 1889 and 1895 250 rooms with 35 bedrooms and 43 bathrooms
  23. Biltmore Estate, Asheville, NC Built between 1889 and 1895 250 rooms with 35 bedrooms and 43 bathrooms …and a bowling alley
  24. Biltmore Estate, Asheville, NC Built between 1889 and 1895 250 rooms with 35 bedrooms and 43 bathrooms …and a bowling alley estimated market value: $125 million
  25. At the Top of the List: John D. Rockefeller The wealthiest American in history. His wealth today would be anywhere from $392 billion to $664 billion!
  26. At the Top of the List: John D. Rockefeller The wealthiest American in history. His wealth today would be anywhere from $392 billion to $664 billion! That is over 31,000 times tom brady’ssalary
  27. At the Top of the List: John D. Rockefeller The wealthiest American in history. His wealth today would be anywhere from $392 billion to $664 billion! More than 10 times The net worth Of 2012’s richest Man alive
  28. Carnegie: How he got there Born in Scotland to a poor weaver family. Moved to the U.S. in 1848 and started working at 13 years old Ran a telegraph company by the time he was 30.
  29. Carnegie: How he got there Born in Scotland to a poor weaver family. Moved to the U.S. in 1848 and started working at 13 years old Ran a telegraph company by the time he was 30. Eventually created the largest steel business in the world.
  30. Carnegie and Vertical Integration Vertical Integration: 1 company owns every part of the process of making a product. Carnegie owned: Mines for coal, iron Steel mills Transport ships
  31. Vanderbilt: How he got there Born on Staten Island, NY Began working on his father’s ferry at age 11 Owned his own ferry at age 16
  32. Vanderbilt: How he go there Born on Staten Island, NY Began working on his father’s ferry at age 11 Owned his own ferry at age 16 Eventually bought steam ships then built the largest railroad business in America
  33. Rockefeller: How he got there Opened his own business at 19 years old. Known for ethics of hard work and “honesty” Developed crude oil business after Civil War
  34. Rockefeller: How he got there In 13 years, he took over 90% of the world’s oil industry. Bought out all competitors by “offering” to buy them or run them into the ground. Eventually, Standard Oil was the only company selling oil in the U.S.
  35. Rockefeller and Horizontal Integration Horizontal Integration: 1 company creates all of the product. This forces all consumers to buy from 1 company. Which vocab word sounds familiar to this?
  36. Rockefeller and Horizontal Integration Horizontal Integration: 1 company creates all of the product. This forces all consumers to buy from 1 company. Which vocab word sounds familiar to this? Monopoly!
  37. The Rockefeller Monopoly The Supreme Court found Rockefeller guilty of having a monopoly in 1904. Forced Standard Oil to break up in 34 different oil companies. Some of which are still around today: ExxonMobil, Chevron, Amoco, BP, Pennzoil
  38. The “Barons’ Legacy” Along with competing for wealth and lavish lifestyles, the “Barons” also competed in charity. Many of the nation’s universities, foundations, and public buildings were contributed.
  39. Carnegie: Giving Back Gave about $460 million of his $490 million away. 1,000 libraries across the U.S.that were opened with money from Carnegie. Donated $10 million to a college in Pittsburgh (Renamed: Carnegie Mellon U.)
  40. Carnegie’s Death Carnegie died in 1919 and gave his remaining $30 million to charity, leaving basically nothing to his friends and family. Did he do the right thing with all of his money?
  41. Vanderbilt: Not Quite as Generous When Vanderbilt died, he divided up his wealth between his 8 kids. One of his grandkids, George Washington Vanderbilt II, built the Biltmore Estate.
  42. Rockefeller: Big Money, Big Giver Donated 10% of the money he earned to his Baptist church. Founded the University of Chicago and Rockefeller University with gifts of more than $80 million.
  43. Rockefeller: Big Money, Big Giver He donated millions to finding cures for diseases. Responsible for eradicating hookworm and yellow fever in the U.S. In total, he donated around $550 million.
  44. Robber Barons Ticket out the door These are 3 of the 4 richest men in history. They were each exceptional, but many say “the times make the man”. What about this time in U.S. history allowed or aided these men in building so much wealth and power?
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