Industrialists Of The Gilded Age

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Industrialists Of The Gilded Age

  1. 1. Industrialists of the Gilded Age
  2. 2. Bessemer Process <ul><li>Quick method of turning iron ore into steel </li></ul><ul><li>Led to more manufacturing (factories/skyscrapers) & transportation (RRs/Trolley Cars/Subway) </li></ul>
  3. 3. Social Darwinism <ul><li>“ Survival of the Fittest” </li></ul><ul><li>Influenced cut-throat business practices </li></ul><ul><li>Led to large differences in economic & social class (few rich, many poor) </li></ul>
  4. 4. Robber Barons <ul><li>Industrialists who became wealthy through corrupt business practices </li></ul><ul><li>Prevalent in the steel, oil, finances, & railroad industries </li></ul><ul><li>Monopoly/Trust: Company controls an entire industry. Limits competition & controls price. </li></ul>
  5. 5. Philanthropy <ul><li>Donating some profits to charitable causes </li></ul>

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