Think Now You are the President and CEO of TechBo Oil Company. Your company has been quite successful, and you have wealth beyond your wildest dreams.

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Presentation transcript:

Think Now You are the President and CEO of TechBo Oil Company. Your company has been quite successful, and you have wealth beyond your wildest dreams. However, you’ve discovered that greed is an unquenchable thirst, and you are looking to improve your profits. You’ve looked over your budget with your Head Accountant, and determined that you could cut spending in multiple areas, including the following: Workers : You could lower the wage you pay your workers or increase their hours. Or, you could hire workers that are willing to work for less. Shipping: Rather than pay another railroad company to ship your oil, you can build your own railroad. Why let another company reap your profits? Resources: You could acquire the resources needed to run your business – forests, ore, iron, raw materials, and farms – so you don’t have to buy these materials from someone else. Acquisition: You could buy up your fellow oil companies and reap their profits too! Where do you cut? Why?

What is a Robber Baron? What is a Captain of Industry?

Today’s Webhunt You’ll be assigned one of the following: –Andrew Carnegie –Cornelius Vanderbilt –J. Pierpont Morgan –John D. Rockefeller Research using the links I’ve provided on my website Complete the chart Determine… robber baron or captain of industry? Be ready to present & discuss!

Essential Questions What various practices of industrialists & financiers led to their being labeled "robber barons"? "Captains of industry"? In what ways did such industrialists & financiers harm and/or benefit the U.S. economy and the quality of life of its citizens?