By: Ms. Susan M. PojerHorace Greeley HS Chappaqua, NY with

additional slides and text by Bob Daugherty

ROBBER BARONSor

CAPTAINS OF INDUSTRY?

The ‘Robber Barons’ of the Past

The Protectors of Our Industries

The ‘Bosses’ of the Senate1.Before the 17th

Amendment the US Senate was picked by the state legislatures

2.Many of these legislatures were controlled by the wealthy

3.The Senate was known as the “Millionaire’s Club”

Modern ‘Robber Barons’??

Iron & Steel Production

U. S. Corporate Mergers

Wall Street – 1867 & 1900

And Today!

The Reorganization of Work

The Assembly Line

The Reorganization of Work

Frederick W. Taylor

The Principles of Scientific Management (1911)

Gilbreth Gilbreth FamilyFamilyCheaper By the DozenCheaper By the Dozen

CHARLIE CHAPLIN’S “Modern Times” (1936)

% of Billionaires in 1900

% of Billionaires in 1918

Regulating the Trusts1877 Munn. v. IL

allowed states to regulate certain businesses within their borders, including railroads, and is commonly regarded as a milestone in the growth of federal government regulation

1886 Wabash, St. Louis & Pacific Railroad Company v. IL

Severely limited the rights of states to control interstate commerce. It led to the creation of

1887 Interstate Commerce Commission First Federal government attempt to regulate

business1890 Sherman Antitrust Act

Banned any combination that “restrained trade”1895 US v. E. C. Knight Co. sugar case in which the Court severely limited

government’s ability to regulate trusts

Relative Share of World Manufacturing