The Captains
of Industry
(Robber Barons) -- late 1800s (the Gilded
Age)
zThe capitalist system: laissez-faire
zBanking as big business to finance the expansion of the railroads
y Establishment of large investment banks: J. P. Morgan
zFirst billion dollar corporation: Carnegie Steel (Andrew
Carnegie)
zAndrew Mellon: ALCOA (Aluminum Company of America)
zJ. D. Rockefeller: Standard Oil Company