Corruption and Reform in America (1865-1916)

Corruption and Reform in America (1865-1916) The Second Industrial Revolution

The Age of Oil and Steel 1. Oil  In the mid-1800s …  In 1859 …  Wildcatters, or …  It lasted less than 20 … 2. Steel  In the 1850s ...  Steel helped...  It was used to...  Factories used steel machinery ...

Railroads Expand 1. 2. 3. 4. 5. 6. 7.

The Rise of Big Business 1. Big business grew in the late 1800s when entrepreneurs, ... , started businesses within an economic system called capitalism ... 2. Under laissez-faire capitalism, .... 3. There were inequalities under capitalism, ... 4. A new type of business organization developed called the corporation, ... 5. Corporations raised money by selling stock and could exist after their founders left. ... 6. To gain dominance, some competing corporations formed trusts ... 7. Mass marketing helped retailers maximize their profits and ...

Industrial Tycoons Made Huge Fortunes John D. Rockefeller Andrew Carnegie • • • • • • • Cornelius Vanderbilt George Pullman • • • • •

Workers Organize 1. 2. 3. 4. 5. 6. 19TH Century Corruption in American Business and Politics  BIG BUSINESS GROWS OUT OF CONTROL

1. IMMGRATION INCREASED TO FILL …

2. FORMER SLAVES AND SOUTHERNERS MOVED NORTH …

3. INDUSTRY DID LITTLE TO PROTECT …

4. WEALTH WAS CONCENTRATED AND WORKERS WERE …

 COMPANIES BEGAN TO FORM MONOPOLIES AND TRUSTS

1. MONOPOLIES

2. TRUSTS

 POLITICAL CORRUPTION WAS COMMON IN THE LAST HALF OF THE 1900'S

1. BIG BUSINESS CONTROLLED MANY POLITICIANS…

2. SCANDALS WERE …

 THE SPOILS SYSTEM WAS OUT OF CONTROL

1. PATRONAGE...

2. GOVERNMENT AGENCIES AND JOBS WERE USED …

 POLITICAL MACHINES CONTROLLED CAMPAIGNS AND GOVERNMENT

1. POLITICAL MACHINE

2. IMMIGRANTS WERE OFTEN …

3. BOSS TWEED

 CORRUPTION WAS RAMPANT IN …

 ASSASSINATION OF …

 MANY AMERICANS …