Robber Barons One of the American industrial or financial tycoons who became wealthy by unethical means, such as exploitation of labor – Think monopoly guy Cornelius Vanderbilt was considered one Argued for “laissez faire” – What is laissez faire?
John D. Rockefeller President of Standard Oil Company – ExxonMobil, Chevron, Conoco, BP, Marathon Accused of being a robber baron – corrupt boss He had $257.6 BILLION in today’s dollars – Bill Gates only has $100 billion
Labor Unions Why would you want to be in a labor union? – What does a labor union accomplish?
Haymarket Square Riot Chicago, May 4, 1886 8 hour work day was scheduled to be implemented on May 1, 1886 Some bosses weren’t following that law Someone threw a bomb at the police Most people thought it was an anarchist or socialist. Why?
Haymarket Square Riot The media may have distorted the event The governor pardoned some of the people convicted in the deaths of police officers – Labor union population dropped dramatically International Labor Day is on May 1 st – Ours is in September – May 1 in the U.S. is Law Day