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Objective 5.02. Explain how business leaders accumulated wealth and wielded political and economic power. Essential Questions. • What characteristics were vital to the success of industrial leaders of the Gilded Age? • How did captains of industry accumulate wealth and power?

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Objective 5 02

Objective 5.02

Explain how business leaders accumulated wealth and wielded political and economic power.


Essential questions
Essential Questions

• What characteristics were vital to the success of industrial leaders of the Gilded Age?

• How did captains of industry accumulate wealth and power?

• Should an individual be allowed to accumulate as much wealth as possible?


Bessemer process
Bessemer Process

Process by which Iron was melted until the impurities were burnt off and steel was the end product


Andrew carnegie
Andrew Carnegie

Owner of US Steel


U s steel
U S Steel

Giant Steel Monopoly


Edwin drake
Edwin Drake

Drilled the first Oil Well in New York


John d rockefeller
John D. Rockefeller

Owner of Standard Oil Company


Standard oil company
Standard Oil Company

Giant Oil Monopoly


J p morgan
J P Morgan

Banker of the Gilded Age, Made money investing in companies like US Steel


Monopoly
Monopoly

One company controls all of the product in a market


Trust
Trust

Board of Directors of several companies come together to form a monopoly


Vanderbilt family
Vanderbilt Family

Father Cornelius, family made money from the railroad industry, Biltmore House


George westinghouse
George Westinghouse

Developed electric appliances for home use, alternating current


Horatio alger
Horatio Alger

American writer that wrote rags to riches stories and fulfillment of the American Dream


Gospel of wealth
Gospel of Wealth

God ordained for me to be wealthy, God favors those that have wealth


Social darwinism
Social Darwinism

“Survival of the Fittest”, I’m wealthy because I am better than you


Gilded age
Gilded Age

Age of the “Robber Barons”, ridiculous wealth, political machines, immigrants, industrialization


Quiz choose 5

Edwin Drake

Bessemer Process

Andrew Carnegie

Gospel of Wealth

J. P. Morgan

U. S. Steel

John D. Rockefeller

Standard Oil Company

Vanderbilt family

George Westinghouse

Horatio Alger

Herbert Spencer

Gilded Age

“Captains of industry”

“Robber barons”

QuizChoose 5


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