Objective: Explain the effects of technological advances in the development of the United States over time.
Class Starter: America in 1900
- What is the big story this map is telling us?
- How is the South changing? West? Northeast?
- Compare and contrast the populists of the 1890s with the anti-federalists of the 1780s.
Agree or disagree with the statement based on the history of the United States from 1607-1877. In your paragraph response, cite at least 3 pieces of SFI.
1A 3A 3B
1A 3A 3B
Recap: Explain the causes and effects of the settlement of the West from 1865 to 1898.
Practice Questions: p. 355 1-8
Quiz Today: Developing the West
Homework Outline: Ch. 24
- Briefly explain how transcontinental railroads were completed and brought more settlers west.
- Briefly explain how technological innovations and redesigned financial structures (such as monopolies and trusts) sought to maximize the exploitation of natural sources and a growing labor force.
Word of the Day
- Define it
- Use it in a sentence
- What sort of purchases might be described as conspicuous?
Lecture: Industrialization and Capitalism
Opposing Viewpoints: “Captains of Industry” or “Robber Barons?”
You have been provided with two opposing viewpoints expressed in primary source documents. Read each one and respond to the statements that follow.
Henry Lloyd, Wealth Against Commonwealth, 1894
“If our civilization is destroyed…it will not be by…barbarians from below. Our barbarians come from above. Our great money-makers have sprung in one generation into seats of power kings do not know. The forces and the wealth are new, and have been the opportunity of new men. Without restraints of culture, experience, the pride, or even the inherited caution of class or rank, these men, intoxicated, think that they are the wave instead of the float, and that they have created the business which has created them. To them science is but a never-ending repertoire of investments stored up by nature for the syndicates, government but a fountain of franchises, the nations but customers in squads, and a million the unit of a new arithmetic of wealth written for them. They claim a power without control, exercised through forms which make it secret, anonymous, and perpetual. The possibilities of its gratification have been widening before them without interruption since they began, and even at a thousand millions they will feel no satiation and will see no place to stop. They are gluttons of luxury and power, rough, unsocialized, believing that mankind must be kept terrorized.”
Allan Nevins, John D. Rockefeller, 1940
“The question of motive enters into any consideration either of economic vision or of business ethics; and it is important because some writers of the muckraking school have grievously misconstrued the motives…of a whole generation of business leaders. They sum up these motives in the word “greed,” as if it were greed which led Carnegie to build steel mills, Rockefeller to organize the oil industry, Westinghouse to develop the electrical industry, and Ford to manufacture motor cars. If we wish to misuse the word greed we can apply it in many contexts. We can say that Shakespeare was greedy for fame, Lincoln greedy for political power, and Duse greedy for applause. But such a word means nothing in the analysis of motive. What these figures were really interested in was competitive achievement, self-expression, and the imposition of their wills on a given environment. And these were precisely the motives which actuated Carnegie, Westinghouse, and Rockefeller….The men who built the really towering economic structures were not thinking primarily of dollars, or they would have halted at the first story.”
Answer the following for each excerpt.
- Summarize the author’s main point in one sentence.
- Based on your knowledge, provide an additional piece of specific, factual information that would support the author’s argument.
- What does the excerpt add to your understanding of corporate consolidation and the accumulation of wealth by a few industrial giants during the Gilded Age?
- Which of the sources makes the most convincing case and why?
- How might industrialists such as Carnegie or Rockefeller (or even today like Zuckerberg or Bezos) respond to allegations that they are guilty of predatory wealth?
Closer: Explain the socioeconomic continuities and changes associated with the growth of industrial capitalism from 1865 to 1898.
Next Topic: Labor in the Gilded Age
$20 Bill Project due next class
$20 Bill Project due next class