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Robber barons or captains of industry 2011
- 1. If there areno rules against cheating, does that make it ok? Why or why not?
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- 4. a.) served USApositively, created jobs b.) Philanthropists- giving to charities, founding libraries and museums a.) built fortunes from exploiting workers b.) drained USA’s natural resource
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- 6. The late nineteenthand early twentieth centuries are often referred to as the time of the "robber barons.“ Who profited by exploiting the American customer… Or did they only work as any good, thrifty capitalist would?
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- 10. Social Darwinism- BigBusiness men justified what they did by Darwin’s theory of evolution Federal Government- lassiez-faire policies- hands off of business practices and people, no regulation
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- 13. "Law? Who caresabout the law. Hain't I got the power?" —Comment alleged to have been made by Cornelius Vanderbilt, when warned that he might be violating the law
- 14. "Law? Who caresabout the law. Hain't I got the power?" —Comment alleged to have been made by Cornelius Vanderbilt, when warned that he might be violating the law “ You have undertaken to cheat me. I won't sue you, for the law is too slow. I'll ruin you. “ —Cornelius Vanderbilt
- 15. "I believe thepower to make money is a gift of God. . . . I believe it is my duty to make money and still more money and to use the money I make for the good of my fellow man according to the dictates of my conscience."
- 16. a business leaderwhose means of amassing a personal fortune contributes positively to the country in some way may have been through increased productivity, expansion of markets, providing more jobs
- 17. may have engagedin some unethical and illegal business practices used the capitalist system to exploit workers, form anti-competitive trusts, and place the accumulation of wealth above all else. The belief that the rich could use whatever means necessary to increase their riches
- 18. Though a centuryhas passed since the heyday of the great industrialists and financiers, debate continues: were these men captains of industry, without whom this country could not have taken its place as a great industrial power, were they robber barons, limiting healthy competition and robbing from the poor to benefit the rich? Where do we draw the line between unfair business practices and competition that leads to innovation, investment, and improvement in the standard of living for everyone? Would the industrial economy have succeeded without entrepreneurs willing to take competition to its extremes?
- 19. My Hair sweepsaway the competition If I sing it, you’ll buy anything I want you to My adorableness will keep you from suspecting my evil deeds I have a monopoly on your hearts, so buy my concert tickets
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