Explain what is going on
It shows the rich or industrialist/big business leaders are benefitting from the hard work of those who are poor.
Monopoly
Total ownership of a product/industry/good.
Who was known for their business in OIL
John D. Rockefeller
Explain what is going on
It shows that Rockefeller is gaining money from the government because of his oil company
Captain of industry
Looked at as good they add more jobs to the labor (work) force.
Who was known for their business in FINANCE ?
J.P. Morgan
Explain what is going on
It shows that Standard Oil has control of the government.
Robber Barons
Looked at as bad pushing out smaller companies. High prices to costumer.
Cornelius Vanderbilt
You get the points if and only if you have a claim, answer the prompt in full detail, and provide information for your claim.
- Do you believe Big Business Leaders were Captain of Industry or Robber Barons ?
Answer varies.
Explain what is going on
It shows that the oil company Standard oil had to be broken down into 3 different categories because it was monopolizing the oil company.
Sherman Antitrust Act
An act passed in 1890 that made it illegal to create monopolies or trusts that made it hard to trade.
Andrew Carnegie
You get the points if and only if you have a claim, answer the prompt in full detail, and provide information for your claim.
- What were the attitudes of Big Business Leaders?
Answer varies- some acceptable answers:
- They were greedy
-They were selfish
-They were controlling
Explain what is going on
Horizontal Integration
Owning all businesses in a certain field.
This is a freebie. How did you have the best invention? What made it the best?
Answer varies
You get the points if and only if you have a claim, answer the prompt in full detail, and provide information for your claim.
-Do you believe that people should have total ownership of an industry/product?
Answer varies.