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Big Business

Big Business. The American Dream or the American Nightmare. Captains of Industry or Robber Barons. John D. Rockefeller Oil Andrew Carnegie Steel. Cornelius Vanderbilt Railroads Gustavus Swift Meat packing J.P. Morgan Money Man. Questions.

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Big Business

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  1. Big Business The American Dream or the American Nightmare

  2. Captains of Industry or Robber Barons • John D. Rockefeller • Oil • Andrew Carnegie • Steel • Cornelius Vanderbilt • Railroads • Gustavus Swift • Meat packing • J.P. Morgan • Money Man

  3. Questions Give examples of differences between the big and small business. Why do you think those differences exist? Do you and your family shop at big business or small business? Why? Why do you think big business is able to sell their product at a lesser cost? Which size of business do you think the government supports more? Why?

  4. Business Practices Social Darwinism Monopolies, Trusts, and Conglomerations Waste not, want not Efficiency Gospel of Wealth

  5. Government Reaction Laissez-faire Munn v. Illinois – States regulate private property if it effected public interest Wabash Case - over turned Munn v. Illinois. States can’t regulate interstate commerce. Interstate Commerce Commission - Interstate commerce regulated by the Federal Government Sherman Anti- Trust Act – prohibited monopolies or trusts. Easy to get around

  6. Working Conditions

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