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Industrial Growth During the Gilded Age 1880-1919
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Industry expands Age of Railroads Big Business and Labor $$$$ and poverty....
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Causes Nation has wealth of natural resources Explosion of inventions improve business and manufacturing efficiency Growing urban populations provide workers and markets Railroads establish new markets Industrial Growth Effects Big business emerge Business consolidates under monopolies and trusts workers endure harsh conditions labor unions develop
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Railroad $$$
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Munn v Illinois Court case that gave the states rights to regulate railroads and the rates they charged. RR had gotten so big they were ripping people off
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Credit Mobilier Scandal major railroad scandal under President Grant
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George M Pullman Designed the Pullman car for trains. Built whole cities to produce Pullman cars
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Transcontinental Railroad Nations first railroad that went from east coast to west coast and back. It was a combination of the Central Pacific and Union Pacific Railroads. They met at Promontory Point, Utah in 1869
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The Inventors
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Alexander Graham Bell inventor of telephone
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Thomas Alva Edison inventor of electricity
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Richest Americans Now
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Richest Americans Then
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Andrew Carnegie Steel businessman Today, he would be worth $250 Billion dollars
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John D Rockefeller One of the wealthiest and most powerful industrialists as head of Standard Oil Company today his wealth would be worth $190 billion dollars!
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Greed, Guile, Corruption
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What Does That Wealth Look Like?
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The Gilded Age meant several lavish “summer cottages” or “castles” were built by the wealthy. In one party guests received party favors of precious jewels even as a deep Depression left thousands of children homeless and starving.
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How Did They Get That Rich?
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Social Darwinism promoted business competition - let the best business win....
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Horizontal integration Merging/combining of similar companies
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Vertical integration Owning all aspects of a business - from raw materials through production, through packaging, distribution, and selling
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Robber Barons running Congress
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Is Everyone Rich in America During This Gilded Age
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During the "Gilded Age," every man was a potential Andrew Carnegie, and Americans who achieved wealth celebrated it as never before. In New York, the opera, the theatre, and lavish parties consumed the ruling class' leisure hours. Sherry's Restaurant hosted formal horseback dinners for the New York Riding Club. Mrs. Stuyvesant Fish once threw a dinner party to honor her dog who arrived sporting a $15,000 diamond collar.
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Tenement Housing a sub standard, multi-family dwelling inmulti-family dwelling the urban core, usually old and occupied by the poor.
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Tenement Housing
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Corruption extended to the highest levels of government. During Ulysses S. Grant's presidency, the president and his cabinet were implicated in the Credit Mobilier, and the Whiskey Ring as well as other notorious scandals
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What About The Workers?
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What Is A Union?
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A labor union is an organization of workers dedicated to protecting their interests and improving wages, hours and working condition s
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Samuel Gompers president of American Federation of Labor (AFL) union of workers
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American Federation of Labor one of the first American labor unions: craft unions like plumbers, iron workers, etc.
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Eugene Debs head head of Industrial Workers of the World Union
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Industrial Workers of the World very large union of industrial workers throughout the world
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What Laws Control the Rich Robber Barons? What Laws Make Competition Fair?
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Sherman Antitrust Act Made monopolies illegal
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Interstate Commerce Act Law that made it illegal to form trusts that interfered with free trade between states
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Populism The movement to try and protect farmers during the gilded age. It tried to increase farmers political power and to work for legislation in their interest.
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Plessy v Ferguson 1896
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Supreme Court says: Separate but equal is ok
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