Lesson: Captains of Industry

Social Gospel

Gospel of Wealth

Social Darwinism

by limiting competition

by decreasing the urban growth rate

by preventing technological innovation

by failing to keep pace with European industries

Imperialist

Laissez-faire

Mercantilists

Protectionist

Standard Oil is a monster trying to control the entire USA

Standard Oil is trying to save government from political bosses

Standard Oil is trying to keep government on the right track to benefit laborers

Stand Oil had control over many aspects of government

Gospel of Wealth

laissez faire

capitalism

Social Darwinism

to support the labor union movement

to defend and justify monopolistic actions

to promote legislation establishing a minimum wage

to encourage charitable organizations to help the poor

Horizontal Integration

Vertical Integration

meatpacking, automobile, and construction

railroads, steel and oil

textile, meatpacking and canals

political machines, settlement houses and ghettos

Horizontal Integration

Vertical Integration

Oil Industry

Captain of Industry

Steel Industry

to eliminate unfair business practices

to reduce imports from foreign nations

to reduce the power of labor unions

to increase the power of local governments

the economic development of flatlands in the American west

a company owns all the businesses that supply it with raw goods and necessary services

when the government lets businesses operate without restrictions

a company acquires similar competing businesses and merges them into a single entity