US History Webquest Industrialization Robber barons or Captains of Industry? —The United States experienced exponential industrial growth during the late 19th century. Rockefeller, Carnegie, Morgan and Vanderbilt are constantly revered as the business men Bill Gates, Donald Trump, Warren Buffet look up to. How did the above industrialists impact America? How did they become so successful? Why are they looked up to as heroes of Industrialization? Do they deserve all this praise? These are some of the questions you’ll be answering today. Your researchable question: Are these men Robber Barons or Captains of Industry? By identifying these individuals as captains of industry, we offer a positive impression of their achievements as men of inventiveness who hard work and ingenious strategies transformed the American economy of the post-Reconstruction era and the early 20th century. These men are to also be honored for their charitable activities (philanthropy). In extending the title of robber baron to these men, we emphasize the cruel and self-centered entrepreneurs who took advantage of the worker, whether it be immigrant, female, or child to accumulate wealth. The factory was a place where the worker experienced harsh conditions and poor pay. You will be working to research the actions of these men. You will identify both the positive and negative actions of each man listed. You will then decide and describe if each figure deserves the title Robber baron or Captain of Industry. (One paragraph explaining your position of each individual) Here are the names: Andrew Carnegie http://www.biography.com/people/andrew-carnegie-9238756 http://www.pbs.org/wgbh/amex/carnegie/peopleevents/pande01.html http://en.wikipedia.org/wiki/Andrew_Carnegie http://www.notablebiographies.com/Ca-Ch/Carnegie-Andrew.html John D. Rockefeller http://en.wikipedia.org/wiki/John_D._Rockefeller http://www.pbs.org/wgbh/amex/rockefellers/peopleevents/p_rock_jsr.html http://www.notablebiographies.com/Pu-Ro/Rockefeller-John-D.html http://www.biography.com/people/john-d-rockefeller-9461341 Cornelius Vanderbilt http://www.biographybase.com/biography/Vanderbilt_Cornelius.html http://en.wikipedia.org/wiki/Cornelius_Vanderbilt http://www.biography.com/people/cornelius-vanderbilt-9515195 http://www.nnp.org/nni/Publications/Dutch-American/vanderbiltc.html JP Morgan http://www.biography.com/people/john-pierpont-morgan-9414735 http://en.wikipedia.org/wiki/J._P._Morgan http://www.fordham.edu/academics/colleges__graduate_s/undergraduate_colleg/fordham_colle ge_at_l/special_programs/honors_program/hudsonfulton_celebra/homepage/biographies/jp_mo rgan_32212.asp http://www.pbs.org/wgbh/amex/1900/peopleevents/pande10.html http://www.pbs.org/wnet/historyofus/web10/features/bio/B14.html http://www.biography.com/people/john-pierpont-morgan-9414735/videos/jp-morgan-fullepisode-2073249939 Part 2: Business Terms Directions: Identify the following terms as they relate to business in the late 1800s. 1. Monopoly 2. Trust 3. Holding Company 4. Vertical Integration 5. Horizontal Integration