Robber Baron or Captain of Industry

someone who uses money and power to exploit workers and make huge profits

• captain of industry

• robber baron

• pilot

• barista

Tags

CCSS.RI.7.7

CCSS.RI.8.7

CCSS.RL.7.7

CCSS.RL.8.7

CCSS.RL.9-10.7

business leader who uses money and power to promote industry and create jobs

• captain of industry

• robber baron

• cartoonist

• cartographer

Rockefeller made his fortune by creating a monopoly with which company?

• US Steel

• Vanderbilt Railroad Lines

• Standard Oil

• Old Dominion Freight

Andrew Carnegie was a poor immigrant who worked his way to own this industry.

• US Steel

• Vanderbilt Railroad Lines

• Standard Oil

• Old Dominion Freight

JP Morgan invested in Thomas Edison's light bulb and built this company that would put electricity in every house.

• US Steel

• Vanderbilt Railroad Lines

• Standard Oil

• General Electric

Cornelius Vanderbilt, The Commodore, left his father's shipping company to invest in this new transportation that would connect everyone in the United States.

• US Steel

• Railroads

• Standard Oil

• General Electric

“The American Beauty Rose can be produced in the splendor and fragrance which bring cheer to its beholder only by sacrificing the early buds which grow up around it. This is not an evil tendency in business. It is merely the working-out of a law of nature and a law of God. “ –John Rockefeller

Which of the following conclusions could be drawn about John Rockefeller based on the quote above?

• He was a strong supporter of government regulation in business.

• He supported the theory of Social Darwinism.

• He welcomed competitors because he knew competition was beneficial to consumers.

• He was a proponent of trust-busting and opposed any one company having too much control over an industry.

Based on your knowledge of the Industrial Revolution in Chapter 2, what statement is this cartoon making?

• The federal government is ruining the oil industry by placing too many restrictions and regulations on business owners.

• The oil industry is thriving due to a healthy working relationship with the federal government.

• Emissions from oil refineries are polluting the air and harming the environment.

• The owner of Standard Oil has too much power and influence over the federal government.

What is the main idea of this cartoon?

• The best way to support the Standard Oil Company was to form proprietorships.

• The Standard Oil Company was a harmful monopoly.

• Foreign competition with the Standard Oil Company was hurting American companies.

• Government regulations were strangling the Standard Oil Company.

George Rice, “How I Was Ruined by Rockefeller,” New York World, October 16, 1898.

“I am but one of many victims of Rockefeller’s colossal combination,” said Mr. [George] Rice, “and my story is not essentially different from the rest. . . . I established what was known as the Ohio Oil Works. . . . I found to my surprise at first, though I afterward understood it perfectly, that the Standard Oil Company was offering the same quality of oil at much lower prices than I could do—from one to three cents a gallon less than I could possibly sell it for.”“I sought for the reason and found that the railroads were in league with the Standard Oil concern at every point, giving it discriminating rates and privileges of all kinds as against myself and all outside competitors.”

What advantage did Standard Oil have over their competitors?

• Control of the Railroads

• Control of the steel making market

• Control over the Interstate Highways

• Control of numerous cargo ships