If you won the lottery, make a quick list of what you would do with your money. Charitable work and/or fundraising. Cornelius Vanderbilt He was an American shipping and railroad tycoon that helped create an 1800’s global transport network. He was called “commodore” because he made his fortune in shipping. In the late 1840’s, he established the Accessory Transit Co. to move passengers and freight from New York to the California gold fields by way of central America. In the 1860’s, Vanderbilt added railroads to his transportation network by buying the controlling stock in the New York and Harlem railroad. Soon het had taken over and consolidated the Hudson River and New York Central railroads. Leland Stanford Born to a new york farming family , attended excellent schools. Practiced law in wisconsin and made a career in california. Built the western section of railroads. Served one term as governor. His political connections helped him obtain huge state land grants and other benefits for his railroad companies. Andrew Carnegie When he was 12, his family left scotland to immigrate to the united states. He first worked in a cotton factory for $1.20. While working for thomas scott, years later, he learned about industrial leaders and investing. By the 1890’s he was one of the world’s richest men. By the age of 64 his steel company was worth $480 million (13.5 billion today). After he became very wealthy, Carnegie donated 2,509 libraries to towns and cities throughout the world at a cost of more than $56 million. His intention was that his libraries be “free to the people forever,” words that are often inscribed on the buildings. Many of these libraries are still in use today. J.P Morgan He provided loans to the US government to help save the gold standard. This fixes the unit of currency equal to a set amount of gold. He was also a huge supporter of the arts. Morgan was one of the early supporters of the metropolitan museum of art. John D. rockefeller Like carnegie, he valued vertical integration. He bought railroad tanker cars to carry his oil and forced a 10 percent rebate from the railroads. He also got kickbacks on his competitor’s oil shipments. When pipelines began to carry oil, he set up a pipeline network. By 1890, he was worth $800 million. Standard oil companies still exist as independent companies such as – exxonmobil, chevron and amoco “Growth of business is merely a survival of the fittest.” Write a Eulogy NAME / ANNOUNCEMENT Places of residence Full name of the deceased, including Hobbies, sports, interests, activities, and nickname, if any other enjoyment Residence (for example, the name of Charitable, religious, political, and other the city) at death affiliations; positions held Age, day and date of death (remember Achievements and Disappointments to include the year) Unusual attributes, humor, other stories Cause of death LIFE FAMILY Date and place of birth Survived by (and place of residence): Childhood: siblings, stories, schools, Spouse friends Children (in order of date of Marriage(s) birth, and their spouses) Education: school, college, university Pets (if appropriate) and other Employment SERVICE information How might this cartoon relate to the tycoons? Do Now 1. businesses that sell portions of ownership called stock shares 2. profits 3. total ownership of a product or service 4. ownership of businesses involved in each step of a manufacturing process 5. owning all businesses in a certain field 6. a legal arrangement grouping together a number of companies under a single board of directors 7. a view of society based on scientist Charles Darwin’s theory of natural selection Horizontal Integration Monopoly Trust Dividends Corporation Social Darwinism Vertical Integration Corporation – businesses that sell portions of ownership called stock shares Dividends - profits Monopoly – total ownership of a product or service Vertical integration – ownership of businesses involved in each step of a manufacturing process Horizontal integration - owning all businesses in a certain field Trust – a legal arrangement grouping together a number of companies under a single board of directors Social Darwinism - a view of society based on scientist Charles Darwin’s theory of natural selection What is the grossest thing you can imagine? Sanitation 1893 NYC Sewage disposal, Rhode Island 1895 Theodore Roosevelt (1901-1909) gave that name to the reporters who were always sifting through the dirt (or muck) to find stories about corruption. He meant the name as an insult, but muckrakers took up the name proudly. There were several well known muckrakers. Muckrakers helped change the attitude of the public. Before their stories were published, many people tolerated corruption. Once people saw how corrupt politicians and businesses could possibly threaten the good of the nation, they joined the muckrakers in demanding reform. Read excerpt and note interesting details.