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<-- Agree Disagree --> Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community. Andrew Carnegie Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community. Andrew Carnegie

lecture 19.20 on gilded city life

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Page 1: lecture 19.20 on gilded city life

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“Surplus wealth is a sacred trust which its possessor is bound to

administer in his lifetime for the good

of the community.” Andrew Carnegie

“Surplus wealth is a sacred trust which its possessor is bound to

administer in his lifetime for the good

of the community.” Andrew Carnegie

Page 2: lecture 19.20 on gilded city life

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“And while the law of competition may be

sometimes hard for the individual, it is best for the race, because it ensures the

survival of the fittest in every department.”

Andrew Carnegie

“And while the law of competition may be

sometimes hard for the individual, it is best for the race, because it ensures the

survival of the fittest in every department.”

Andrew Carnegie

Page 3: lecture 19.20 on gilded city life

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“The way to make money is to buy when blood is running in

the streets.” John D. Rockefeller

“The way to make money is to buy when blood is running in

the streets.” John D. Rockefeller

Page 4: lecture 19.20 on gilded city life

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“Charity is injurious unless it helps the

recipient to become independent of it.”

John D. Rockefeller

“Charity is injurious unless it helps the

recipient to become independent of it.”

John D. Rockefeller

Page 5: lecture 19.20 on gilded city life

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“I don't care half so much about making money as I do about making my point, and coming out

ahead.” Cornelius Vanderbilt

“I don't care half so much about making money as I do about making my point, and coming out

ahead.” Cornelius Vanderbilt

Page 6: lecture 19.20 on gilded city life

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“You have undertaken to cheat me. I won't sue you, for the law is too slow. I'll ruin

you.”—Cornelius Vanderbilt

“You have undertaken to cheat me. I won't sue you, for the law is too slow. I'll ruin

you.”—Cornelius Vanderbilt

Page 7: lecture 19.20 on gilded city life

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“A man always has two reasons for doing

anything: a good reason and the real reason.”

J. P. Morgan

“A man always has two reasons for doing

anything: a good reason and the real reason.”

J. P. Morgan

Page 8: lecture 19.20 on gilded city life

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“Well, I don’t want a lawyer to tell me what I cannot do. I hire him to tell how to do what I want to do.”

J. P. Morgan

“Well, I don’t want a lawyer to tell me what I cannot do. I hire him to tell how to do what I want to do.”

J. P. Morgan

Page 9: lecture 19.20 on gilded city life

Chapters 19 and 20

Gilded Age in the North

Page 10: lecture 19.20 on gilded city life

Managerial Revolution

Chapter 19 and 20

I. Managerial Revolution

a. Effects of the Railroad

b. Systematic Innovation

c. Robber Barons

II. Immigrant Life

III. Strikes

Page 11: lecture 19.20 on gilded city life

Effects of the Railroad

Chapter 18

I. Managerial Revolution

a. Effects of the Railroad

b. Systematic Innovation

c. Robber Barons

II. Immigrant Life

III. Strikes

Invention ConstructionRaw Materials

Page 12: lecture 19.20 on gilded city life

Systematic Innovation

Chapter 18

I. Managerial Revolution

a. Effects of the Railroad

b. Systematic Innovation

c. Robber Barons

II. Immigrant Life

III. Strikes

Page 13: lecture 19.20 on gilded city life

Robber Barons

Chapter 18

I. Managerial Revolution

a. Effects of the Railroad

b. Systematic Innovation

c. Robber Barons

II. Immigrant Life

III. Strikes

OilRefinery

OilRefinery

OilRefinery

OilRefinery

Iron Ore

Train

BessemerPlant

Page 14: lecture 19.20 on gilded city life

European Immigrants

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant LifeI. Background

II. Social Darwinism

III. Living Conditions

IV. Working Conditions

V. Political Issues

III. Strikes

Page 15: lecture 19.20 on gilded city life

Background

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant LifeI. Background

II. Social Darwinism

III. Living Conditions

IV. Working Conditions

V. Political Issues

III. Strikes

Page 16: lecture 19.20 on gilded city life

Social Darwinism

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant LifeI. Background

II. Social Darwinism

III. Living Conditions

IV. Working Conditions

V. Political Issues

III. Strikes

Page 17: lecture 19.20 on gilded city life

Living Conditions

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant LifeI. Background

II. Social Darwinism

III. Living Conditions

IV. Working Conditions

V. Political Issues

III. Strikes

Page 18: lecture 19.20 on gilded city life

Working Conditions

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant LifeI. Background

II. Social Darwinism

III. Living Conditions

IV. Working Conditions

V. Political Issues

III. Strikes

Page 19: lecture 19.20 on gilded city life

Political Issues

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant LifeI. Background

II. Social Darwinism

III. Living Conditions

IV. Working Conditions

V. Political Issues

III. Strikes

Page 20: lecture 19.20 on gilded city life

Lower Class Discontent

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant Life

III. Strikes

a. Great Railroad Strike

b. Homestead Strike

c. Pullman Strike

Page 21: lecture 19.20 on gilded city life

Lower Class Discontent

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant Life

III. Strikes

a. Great Railroad Strike

b. Homestead Strike

c. Pullman Strike

Page 22: lecture 19.20 on gilded city life

Lower Class Discontent

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant Life

III. Strikes

a. Great Railroad Strike

b. Homestead Strike

c. Pullman Strike

Page 23: lecture 19.20 on gilded city life

Lower Class Discontent

Chapters 19 and 20

I. Managerial Revolution

II. Immigrant Life

III. Strikes

a. Great Railroad Strike

b. Homestead Strike

c. Pullman Strike