If you won the lottery, make a
quick list of what you would
do with your money.
Charitable work and/or
fundraising.
Cornelius Vanderbilt
He was an American shipping and railroad
tycoon that helped create an 1800’s global transport network.
He was called “commodore” because he made his fortune in
shipping.
In the late 1840’s, he established the Accessory Transit
Co. to move passengers and freight from New York to the
California gold fields by way of central America. In the 1860’s,
Vanderbilt added railroads to his transportation network by
buying the controlling stock in the New York and Harlem
railroad.
Soon het had taken over and consolidated the Hudson
River and New York Central railroads.
Leland Stanford
Born to a new york farming family ,
attended excellent schools.
Practiced law in wisconsin and made
a career in california. Built the
western section of railroads. Served
one term as governor.
His political connections helped him
obtain huge state land grants and
other benefits for his railroad
companies.
Andrew Carnegie
When he was 12, his family left scotland to
immigrate to the united states. He first
worked in a cotton factory for $1.20.
While working for thomas scott, years
later, he learned about industrial leaders
and investing. By the 1890’s he was one of the
world’s richest men. By the age of 64 his
steel company was worth $480 million (13.5
billion today).
After he became very wealthy,
Carnegie donated 2,509 libraries to
towns and cities throughout the
world at a cost of more than $56
million.
His intention was that his libraries be
“free to the people forever,” words
that are often inscribed on the
buildings. Many of these libraries are
still in use today.
J.P Morgan
He provided loans to the US government to
help save the gold standard. This fixes the
unit of currency equal to a set amount of
gold.
He was also a huge supporter of the arts.
Morgan was one of the early supporters of
the metropolitan museum of art.
John D. rockefeller
Like carnegie, he valued vertical integration. He bought railroad
tanker cars to carry his oil and forced a 10 percent rebate from the
railroads. He also got kickbacks on his competitor’s oil shipments.
When pipelines began to carry oil, he set up a pipeline network. By
1890, he was worth $800 million.
Standard oil companies still exist as independent companies such as –
exxonmobil, chevron and amoco
“Growth of business is merely a
survival of the fittest.”
Write a Eulogy
NAME / ANNOUNCEMENT
Places of residence
Full name of the deceased, including
Hobbies, sports, interests, activities, and
nickname, if any
other enjoyment
Residence (for example, the name of
Charitable, religious, political, and other
the city) at death
affiliations; positions held
Age, day and date of death (remember
Achievements and Disappointments
to include the year)
Unusual attributes, humor, other stories
Cause of death
LIFE
FAMILY
Date and place of birth
Survived by (and place of residence):
Childhood: siblings, stories, schools,
Spouse
friends
Children (in order of date of
Marriage(s)
birth, and their spouses)
Education: school, college, university
Pets (if appropriate)
and other
Employment
SERVICE information
How might this cartoon relate to the tycoons?
Do Now
1. businesses that sell portions of ownership called stock shares
2. profits
3. total ownership of a product or service
4. ownership of businesses involved in each step of a
manufacturing process
5. owning all businesses in a certain field
6. a legal arrangement grouping together a number of
companies under a single board of directors
7. a view of society based on scientist Charles Darwin’s theory
of natural selection
Horizontal Integration
Monopoly
Trust
Dividends Corporation
Social Darwinism Vertical Integration
Corporation – businesses that sell portions of ownership
called stock shares
Dividends - profits
Monopoly – total ownership of a product or service
Vertical integration – ownership of businesses involved in
each step of a manufacturing process
Horizontal integration - owning all businesses in a certain
field
Trust – a legal arrangement grouping together a number
of companies under a single board of directors
Social Darwinism - a view of society based on scientist
Charles Darwin’s theory of natural selection
What is the grossest thing you
can imagine?
Sanitation 1893 NYC
Sewage disposal, Rhode Island 1895
Theodore Roosevelt (1901-1909) gave that
name to the reporters who were always
sifting through the dirt (or muck) to find
stories about corruption.
He meant the name as an insult, but
muckrakers took up the name proudly.
There were several well known
muckrakers.
Muckrakers helped change the attitude
of the public. Before their stories were
published, many people tolerated
corruption. Once people saw how
corrupt politicians and businesses could
possibly threaten the good of the nation,
they joined the muckrakers in
demanding reform.
Read excerpt and note
interesting details.