Presentation is loading. Please wait.

Presentation is loading. Please wait.

Age of Moguls Let’s look at some terms –Mogul –Trust –Monopoly –Incorporated –pious.

Similar presentations


Presentation on theme: "Age of Moguls Let’s look at some terms –Mogul –Trust –Monopoly –Incorporated –pious."— Presentation transcript:

1 Age of Moguls Let’s look at some terms –Mogul –Trust –Monopoly –Incorporated –pious

2 Andrew Carnegie drew-carnegie /videos/andrew-carnegie- full-episode Let’s watch a video But before we start the video, you will be required to do the following:

3 Video on Andrew Carnegie As you watch the video on Andrew Carnegie: 1.Write down 3 things you found interesting about Carnegie and explain why. 2.Identify what contributed to Carnegie’s success. 3.Why was Carnegie a mogul? 4.Draw a picture which best represents Carnegie’s impact on the industrial revolution.

4 Background Steel and Pittsburgh -- Civil War -- Railroads (iron vs. steel) -- All his eggs in one basket -- Carnegie Steel -- Henry Frick -- Limited partnership -- Secrets of his success Vertical Integration  Carnegie Steel  Henry Frick

5 Bought by United States Steel Company (1901)- Competition with JP. Morgan (monopoly) Steel tubing

6 Andrew Carnegie: Gospel of Wealth: Rich man’s duty Give it away Die Rich (No!) Why did he want to sell? Minister of his surplus of wealth (public good)

7 John D. Rockefeller

8 Background Oil –Growth of refining and exporting (Kerosene) –Excelsior Refinery (1863) –Standard Oil (1870) – Monopoly- Horizontal Integration Trust- What is it? Sherman Anti-Trust Act of oil-money-and-power -Retires(1897) Well-being of mankind

9 Capitalism and Moguls Let’s see if you can make some connections!!!!! Explain how capitalism allows/motivates the creation of Moguls


Download ppt "Age of Moguls Let’s look at some terms –Mogul –Trust –Monopoly –Incorporated –pious."

Similar presentations


Ads by Google