Industrial Revolution


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Storyboard Text

  • I'm Andrew Carnegie, and I built a steel empire, controlling over 60% of the nation's steel industry. I sold it for $400 million dollars to the United States Steel company.
  • I'm John D. Rockefeller, and I control most of our nation's oil refineries. I took over this country's oil industry by using my latest technology and efficient practices.
  • What is laissez-faire?
  • Laissez-faire is the idea of government regulation of business is alien to the economic, scientific, and religious beliefs.
  • Who is this Adam Smith character?
  • Adam Smith believes that business shouldn't be controlled by the government, but by supply and demand.
  • Wait, are you THE J.P Morgan?
  • You mean the banker who bought around 66% of the nation's railroads? Yes, that would be me!
  • I wish the US government would control these monopolies!
  • I agree completely. I fear that the trusts unchecked power and urban elites resented in the increasing influence of the new rich.
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