The Rise of Big Business

Corporations Amass Huge Fortunes

- These gentlemen tried gaining percent by
changing the way they controlled their
businesses
- Carnegie = steel company
- Rockefeller oil company
Carnegie and Gospel of Wealth
-Carnegie was known as a bad boss
- to justify this he believed in the Gospel of
Wealth (giving money back)
- Social Darwinism the believe of the survival
of the fittest
Federal Regulations Target Corporate Businesses
- Big businesses were hurting small businesses
with their control.
- Monopoly when 1 business tries to take
over all aspects of that industry.
- Government had to begin monitoring
businesses by creating laws.

Workers Organize
Workers Endure Hardships
-

Long hours / little pay / 6 days a week

No vacation / No health benefits
Periodic layoffs
Women and children worked
Labor Unions Promote Workers Rights

- Labor union is a group to protect workers

- Knights of Labor (first labor union)
- American Federation of Labor

Workers and Socialism

- Socialism Govt controls industry and
business
- People became attracted to this idea thinking
it would improve business and working
conditions
- One Leader Eugene V. Debs