1. Growth of Big Business
As industrial capabilities grew, so did the wealth of some company owners

2. “Robber Barons” or “Captains of Industry”-(some business men accumulated staggering wealth!)
Built fortunes by stealing from people
Help from public officials
Harm to workers
Served nation in positive way
Expand markets, better technology
Founded schools, museums, libraries, colleges

3. Monopolies
Control a product or service

4. Andrew Carnegie US Steel Purchased iron ore mills to form monopoly
Cartel- loose association of companies
Supported libraries

6. Carnegie mansion

7. John Rockefeller Standard Oil Company
Bought out companies (competition) to form monopoly
Trust-managed a number of companies in a single unit

9. Satire on Rockefeller

10. Vertical consolidation
Horizontal consolidation

11. Sherman Anti-Trust Act
Bans Monopolies