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dirty
money
It is a kind of

Spiritual
snobbery
that makes
people think

they can be happy

Without
money
GREED

GOOD
The man who dies
rich, dies disgraced.

-Andrew Carnegie
The love of money is
the root of all evil.
-1 Timothy 6:10
dirty
money
Radical Republicans

After 1873
Democrats rose to
power & Modified
Platform for success
GREED
CLASSISM
EXCESS
CLASSISM
dirty
money
GREED

GOOD
Robber Barons
The “Robber Barons” of the Past
Pioneer of the railroad
industry before the
Civil war
Owned 4,500 miles of
track with a fortune
of $100,000,000 by ‘77
Scottish immigrant who
worked his way up in the
railroad industry
Played the stock
market in ‘66 focusing
on steel in ‘73
1. Cut costs=profits
2. vertical integration
Began an oil operation
in the 1860s & Formed
standard oil in 1870
Railroad rebates &
laissez faire politics gave
him 90% of production
Government feared
monopoly & Standard oil
became the first trust
Made a killing (bad pun)
during the civil war in
obsolete rifles
Bailed out banks & by 1900,
Morgan owned 50% of
Americas track mileage
Capitalism
Mmm. Super sexy!

Capitalism
The man who dies
rich, dies disgraced.

-Andrew Carnegie
THOU SHALT
MAKE MONEY.
THOU SHALT
DONATE MONEY.
THOU SHALT USE
WEALTH TO
IMPROVE SOCIETY.
dirty
money
Revived 1840s Nativism
“Illiberal, narrow,
& un-American.”
REMEMBER THIS?
dirty
money
The Lure of the City

By 1920, for the 1st time in U.S. history,
more than 50% of the American
population lived in cities
1/3

Worked
as maids
1/3

Worked in
white Collar
JObs
1/3

Worked in
Industry
dirty
money
Political Machines
Like a

boss
(tweed)
dirty
money
Munn v. Illinois
(1876)
Wabash v. Illinois
(1886)
ICC CREATED (1887
TO REGULATE RATES
dirty
money
Gilded Age Industry
A Midwest Made Meat revolution”:
Thenew-and-improved “marketfor America
More regional specialization made mass
production & mass consumption possible
CYRUS FIELD’S
TELEGRAPH CABLE
BUSINESS TYPEWRITERS,
CASH REGISTERS, &
ADDING MACHINES
HIGH-SPEED
SPINDLES & LOOMS
EASTMAN’S
KODAK CAMERA
BELL’S TELEPHONE
PRODUCTION
THROUGH
ASSEMBLY LINES
“CONSPICUOUS
CONSUMPTION”
•Anarchists & workers met at Chicago’s
Haymarket Square
•Police moved in to scatter & a bomb went off
•Anarchists tried, found guilty, & executed
•Caused anti-union hysteria

HAYMARKET SQUARE
RIOT
•Homestead, PA: Carnegie Steel Mill
•Workers went on strike & Pinkerton Detectives
were sent in to take control
•Eventually, Pennsylvania militia got involved
•Union leaders arrested: riot, murder, & treason

THE HOMESTEAD
STRIKE
•Pullman, Il was a company town
•George Pullman cut wages during Panic of ’93
•Workers refused to work
•Attaching US mail cars made striking a federal
offence (Gov’t. protected “big business”)

THE PULLMAN
STRIKE
•1894: 1,400 strikes across the country
•Unemployed people demanded relief
•Jacob Coxey led an “army” from Ohio to D.C.
•Tried convincing Congress to spend $500 million
on new roads (thus creating jobs)

COXEY’S ARMY

(1894)
dirty
money
+

=
Edison
Tesla
OMG! Her skin is so
pale. So beautiful…

Her waist is super tiny!
Like a little wasp…
dirty
money
VS

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Gilded Age capitalism and the roots of wealth inequality