Do Now: What is a monopoly? Do you think its ok for a company to have a monopoly on a certain product? Objectives: Students will be able to…(1) describe the major achievements of Roosevelt's presidency (2) identify information from primary sources and images Homework: 18.2 Worksheet DUE TOMORROW Test on Chapter 18 FRIDAY Progressives going after Big Business • What do you remember about big businesses from USI? • Should we break up big companies? (Sherman Anti-Trust Act 1890) • Or should government just regulate and keep an eye on them? (Interstate Commerce Commission – ICC 1887) • Or socialism? (Government should own and operate all businesses) Theodore “Teddy” Roosevelt Teddy Overview: • Social Darwinist – Believed the US was in competition with other countries in the world • Square Deal – “I shall see to it that every man has a square deal, no less and no more” (Progressive Ideals) • Did not like when private interests interfered with the interests of the nation • How could he believe in Progressivism and Social Darwinism? “The New Nationalism” Speech Teddy Roosevelt (1910) • This was Teddy’s Progressive Philosophy (What he believed in) • Complete the worksheet with a partner or on your own Ticket to Leave • What do you think was Teddy’s most important point or message in his speech? Why? Do Now: Grab a worksheet and complete the ‘Do Now’ questions. Objectives: Students will be able to...(1) describe the presidency of Teddy Roosevelt (2) analyze a video for key information 1. Homework: Test FRIDAY Chapter 18 2. 18.3 Trusts – Kind of like monopolies… • Competition in business is really important. Why? • Trusts – A combination of firms or corporations formed by the legal agreement • One group owning sales on all of one product • They tended to reduce competition Teddy – “Jack the Giant Killer” • Believed that big business was good for the country, but was concerned with corruption • E.H. Harriman (Union Pacific RR) vs. James Hill and J.P. Morgan (Great Northern and Northern Pacific Railroads) • Result: New company: Northern Securities (TRUST) • Teddy went after them citing the Sherman Anti-Trust Act – They were broken up Coal Strikes of 1902 • Unions formed (What are unions?) • Coal workers went on strike Teddy upset with mine owners • Arbitration – Neutral mediator makes decision • Owners refused infuriated Roosevelt • Threatened to send military in to run the mines Bureau of Corporations • By intervening in the dispute he took the first step towards federal government being a powerful broker • Bureau of Corporations – Authority to investigate corporations • Investigated US Steel first • Allowed him to regulate big business without breaking it up Make a list of major events of Teddy’s Presidency • History Channel Presidents Series: Teddy Roosevelt Ticket to Leave Ticket to Leave: Which of Roosevelt’s reforms or actions was most important? Why?