镀金时代背景介绍.pptxVIP

Balancing Capital and LaborWhat is the chief end of man?--to get rich. In what way?--dishonestly if we can; honestly if we must.-- Mark Twain 1871 The Gilded AgePurposes of This PPTThe origin of “ The gilded age”The bright appearance of “the gilded age”The dark side of “the gilded age”Mark%20Twain.asxMark TwainThe “Gilded Age” was coined by Samuel Clemens in his book of the same name.Explored political and economic corruption in the United States. The central characters were tied together in a government railroad bribery scheme.Depicted an American society that, despite its appearance of promise and prosperity, was riddled with corruption and scandal. The Gilded AgeSecond Industrial RevolutionCapitalism (Big Business and Robber Barons)UrbanizationIn American history, the Gilded Age refers to substantial growth in population in the United States and extravagant displays of wealth and excess of Americas upper class during the post-Civil War and post-Reconstruction eras of the late 19th century (1865-1901). .Second Industrial Revolution 1871-1914Marked by enormous growth and consolidation of wealth and ownershipMajor IndustriesRailroadsAutomobileSteelOilElectricityCommunicationThe Industrialists or Robber BaronsWilliam Vanderbilt (Railroads)Jay Gould (Railroads)Andrew Carnegie (Steel)John D. Rockefeller (Oil)Henry Ford (Automobiles)Forced competitors out of business by reducing wages therebyguaranteeing price control.Big BusinessAndrew CarnegieIndustrialists who made a fortune in steel in the late 1800’s, as a philanthropists, he gave away some $350 million.John D. RockefellerIndustrialists who made a fortune in the oil refining industryU.S. Standard OilBig BusinessJ.P. MorganIndustrialists who started U.S. Steel from Carnegie Steel and other companies. Became 1st Billion dollar Corporation.Bailed out the U.S. economy on more than one occasion. Big BusinessVertical IntegrationA process in which a company buys out all of the suppliers. (Ex. coal and iron mines, ore f