Governing The Trusts & The Gospel of Wealth

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Presentation transcript:

Governing The Trusts & The Gospel of Wealth

Sen. John Sherman 1. Senator from OH 2. Brother of famed Civil War General, William T. Sherman. 3. Supported legislation that would penalize the Trusts/monopolies for “restraint of trade” 4. Bill named after him in his honor

Sherman Anti-Trust Act 1. First Measure by Congress to prohibit Trusts or Monopolies. 2. Prevents restraint of trade due to Congress’s regulation of interstate commerce. 3. Prevents price fixing to prevent competition. 4. Treats Labor Unions as companies who have a monopoly on labor.

Why are there Poor People?

Who’s Responsibility is it to take care of the Poor?

The Gospel of Wealth 1. Created by Andrew Carnegie after a dream he had about going to Hell. 2. Believed the Wealthy had been blessed by God, and were responsible for helping their fellow human beings. 3. Built 300 Libraries, and paid for Teacher Pensions. Also built 2 Carnegie Halls.

Social Darwinism

Life in the South

Industrializing The South