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political machines
George Washington Plunkitt (November 17, 1842 – November 19, 1924)
He served in both houses of the New York State Legislature and was a member of the Tammany Hall political machine in New York City.
known for Graft -
THE GILDED AGE Bussiness ~ MONOPOLY
Rockefeller held developed a monopoly over Standard Oil in 1870. He used strategies like temporarily undercutting his competitors prices until they went out of business to become one of the most successful monopolies -
THE GILDED AGE ~ ROBBER BARON
John D. Rockefeller (1839–1937) is considered by most people to be the wealthiest man in American history. He created the Standard Oil Company in 1870 along with partners including his brother William, Samuel Andrews, Henry Flagler, Jabez A. Bostwick, and Stephen V. Harkness. Rockefeller ran the company until 1897. -
the gilded age problem
The major political issues of the Gilded Age were the tariff, currency reform and civil service reform. The first two issues were of obvious interest to businessmen, and they lobbied and spent freely to gain support for favorable tariff legislation and business-friendly monetary policy. -
THE GILDED AGE ~ ROBBER BARON
John Pierpont Morgan (1837–1913) was known for reorganizing a number of major railroads along with consolidating General Electric, International Harvester, and US Steel. -
THE GILDED AGE Bussiness ~ TRUST
Carnegie pioneered vertical integration-that is, controlling all aspects of manufacturing, from extracting raw materials to selling the finished product-enabled Carnegie to achieve even greater efficiency. From iron ore fields to a huge sales force, Carnegie Steel controlled every phase of the industry. His goal was to “[never] pay a price, profit, or royalty to any outsider”
