Stark 1 Jeremy Stark Mr. Mangan AP US History 8 December 2014 The Role of Capitalists More often than not‚ America’ s antebellum capitalists were accused of being the “ robber barons ” of industrial America. The common conception is that these men took advantage of a naïve and growing economy to reap its benefits without giving anything in return. While it was true that the majority of America was poor in comparison to the few elites‚ the philanthropists efforts and contributions to our country
Premium Robber barons Industrial Revolution Chinese Exclusion Act
involved; starting points Chapter 16 1. Andrew Carnegie – “Gospel of Wealth”; business tactics; philanthropy; 2. American manufacturers before the Civil War 3. First big business in the U.S. 4. Women and children of the workforce – conditions‚ treatment‚ salary 5. American Federation of Labor – leader 6. Railroads up to 1900s – locations 7. Knights of Labor – differences from other labor unions 8. John D. Rockefeller – major industry; business model he invented
Premium History of the United States
* What are profits? diff. b/w rev.& expenses * Factors of Production The resources that a country’s businesses use to produce goods are called * A planned economy relies on a centralized government to Control all or most factors of production * Communism and Socialism—2 most basic forms of planned economies are * Capitalism—economic system provides for the private ownership of the factors of production and also encourages entrepreneurship by offering profits as an incentive
Premium Supply and demand Capitalism Planned economy
Political: • Businesses benefited from friendly government policies that protected private property‚ subsidized railroads with land grants and loans‚ supported US manufacturers with protective tariffs‚ and refrained from either regulating business operations or heavily taxing corporate profits. • Government policies gave 170 million acres of land to railroad companies for expansion of business. • Land grants and cash loans made poor construction and increased corruption in government. • Since
Premium Trade union Pullman Strike
One hundred years have passed since the Progressive Era of 1900-1916 and although the world has seen remarkable “progress” for certain causes since then‚ there are many issues that still have not been addressed. Change is not immediate and the Progressive Era’s successes were manifestations of problems first addressed years before gaining wide public attention. Similar to the dilemmas faced one hundred years ago‚ we now face a quandary that has been discussed for around two decades: climate change
Premium Global warming Climate change Carbon dioxide
Zinn: Chapter 11 Courtney Sever Period 2 Chapter 11: Robber Barons and Rebels Main Ideas - Businessmen monopolized the markets (railroads and steel are two good examples) in exchange for “economic stability” to ensure that they had control over the full market. They would then change prices as they pleased to drive out their competition. - Many workers in the South organized strikes‚ asking for higher wages. Most of these workers were black or members of the Knights of Labor. These strikes were
Premium William Jennings Bryan Populist Party Populism
such as many of the great inventors like Thomas Edison‚ Alexander Graham Bell‚ Albert Einstein‚ and many others. These people saw unmet needs in society and met them through their ingenuity and hard work. Other business people like Andrew Carnegie‚ Rockefeller‚ J.P. Morgan‚ and others took advantage of opportunities to grow and develop their businesses into huge corporations. In addition‚ the great political leaders of America utilized their situations to propel themselves forward in their careers
Premium Alexander Graham Bell Thomas Edison Albert Einstein
The Bill and Melinda Gates foundation became the largest in the world with assets of 21.8 Billion Dollars (Strouse). Bill Gates surpasses Andrew Carnegie donation of 350 million dollars(today worth 3 billion dollars)(Strouse). Bill Gates also surpassed John D. Rockefeller donations of 540 million dollars(worth 6 billion today)(Strouse). John D. Rockefeller donated less than
Premium Bill Gates Melinda Gates Philanthropy
dThe Rise of Industry Part I: The Intellectual Underpinnings of Industrialization – Read the following documents and answer the questions below. Document A (Adam) Smith was among the first to make a clear and convincing case that when individuals follow their own self-interest‚ it automatically works to the benefit of society as a whole. As individual competitors pursue their own maximum profit‚ they are thus forced to be more efficient. This results in cheaper goods in the long run.
Premium Capitalism 19th century Charles Darwin
United States during the late nineteenth century‚ especially with regard to their effect on industrialism. The late 1800s was a time of immense industrialization and the outbreak of monopolies controlled by robber barons like Andrew Carnegie‚ JP Morgan‚ and John D. Rockefeller. Diner argues that although these individuals controlled the industry‚ immigrants played an immense role in industrialization in that they provided the huge labor force which was required to run factories. Even with the development
Premium Industrial Revolution United States Immigration to the United States