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The Incorporation of America Pt. 3. By: Ms. Susan M. Pojer Horace Greeley HS Chappaqua, NY with additional slides and text by Bob Daugherty. ROBBER BARONS or CAPTAINS OF INDUSTRY?. The ‘Robber Barons’ of the Past. The Protectors of Our Industries. The ‘Bosses’ of the Senate.
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The Incorporation of America Pt. 3 By: Ms. Susan M. PojerHorace Greeley HS Chappaqua, NY with additional slides and text by Bob Daugherty
The ‘Bosses’ of the Senate • Before the 17th Amendment the US Senate was picked by the state legislatures • Many of these legislatures were controlled by the wealthy • The Senate was known as the “Millionaire’s Club”
Wall Street – 1867 & 1900 And Today!
The Reorganization of Work The Assembly Line
The Reorganization of Work Frederick W. Taylor The Principles of Scientific Management (1911) Gilbreth Family Cheaper By the Dozen
Regulating the Trusts 1877 Munn. v. ILallowed states to regulate certain businesses within their borders, including railroads, and is commonly regarded as a milestone in the growth of federal government regulation 1886 Wabash, St. Louis & Pacific Railroad Company v. IL Severely limited the rights of states to control interstate commerce. It led to the creation of 1887 Interstate Commerce Commission First Federal government attempt to regulate business 1890 Sherman Antitrust Act • Banned any combination that “restrained trade” 1895 US v. E. C. Knight Co. sugar case in which the Court severely limited government’s ability to regulate trusts