Gilded Age - tycoons

Gilded Age:

Tycoons

Aim: Who were the tycoons from
the Gilded Age and what impact

did they have?

DO NOW: Who do you
think is a modern day
version of a tycoon?

What is a tycoon?

-A tycoon is a wealthy, powerful
person in a business or industry

-Some tycoons from the Gilded Age
are John D. Rockefeller, Andrew
Carnegie, and J. P. Morgan

-These men were also referred
to as “robber barons”

What is a robber baron?

-A robber baron is a
wealthy business man that
used ruthless and
exploitative practices to
obtain their wealth and
expand their businesses

-They often had a hand in
politics, which enabled
them to continue
practicing unsafe and
unfair working conditions

Multiple Choice

Which of the following is a wealthy, powerful person in a business or industry

• tycoon

• robber baron

• monopolist

• capitalist

Multiple Choice

which is the definition of a robber baron?

• a politician that worked with tycoons to pass unfair legislation related to labor

• wealthy business man that used ruthless and exploitative practices to obtain their wealth and expand their businesses

• a wealthy, powerful man in a business or industry

Multiple Choice

Is this a negative or a positive depiction of a robber baron?

• Negative

• Positive

John D. Rockefeller

-America’s first billionaire

-Owned the Standard Oil Company -
the largest business in the U.S.

-Formed trusts to reduce
competition

-Trust - combination of firms
formed by legal agreement

-Before his death, he gave away half
of his wealth to churches,
universites, etc.

Andrew Carnegie

-Founder of the Carnegie Steel
Company

-Steel was needed for railroads,
newly built skyscrapers, the navy,
etc…

-He bought iron mines and railroads to
reduce costs and expand his business

-Before his death, he donated $350
million dollars to public foundations

-Opened over 3,000 libraries

J.P. Morgan

-Unlike Rockefeller & Carnegie, he was born
into a wealthy family

-A tycoon in the banking industry

-Expanded to other businesses

-Bought Carnegie’s steel business

-Had legal trouble because of antitrust laws

-Morgan eventually had to relinquish his
monopoly

-Eventually moved to Europe to avoid
legal trouble

Multiple Choice

Which of these tycoons owned the Standard Oil Company?

• John D. Rockefeller

• Andrew Carnegie

• J.P. Morgan

Multiple Choice

Which modern bank is associated with J.P. Morgan?

• TD Bank

• Capital One Bank

• Chase Bank

• Santander Bank

Poll

Which of these tycoons did not have a rags-to-riches life?

• John D. Rockefeller

• Andrew Carnegie

• J.P. Morgan

Multiple Choice

Which of these tycoons owned a steel company?

• John D. Rockefeller

• Andrew Carnegie

• J.P. Morgan

Multiple Choice

Which of these tycoons had to run away to Europe to avoid legal trouble?

• John D. Rockefeller

• Andrew Carnegie

• J.P. Morgan

• All of the above

Multiple Choice

Which of these tycoons were also referred to as robber barons?

• John D. Rockefeller

• Andrew Carnegie

• J.P. Morgan

• All of the above

Poll

Did these tycoons do more good or harm for the country?

• Good

• Harm