This preview shows page 1. Sign up to view the full content.
Unformatted text preview: n o f
Wo The Assembly Line Ve rtic al and Ho rizo ntal
Inte g ratio n
Inte S tandard Oil Co . Re g ulating the Trus ts
1877 Munn. v. IL
1886 Wabash, St. Louis & Pacific Railroad Company v. IL
1890 Sherman Antitrust Act in “restraint of trade” “rule of reason” loophole
1895 US v. E. C. Knight Co. The Go s pe l o f We alth:
Re lig io n in the Era o f
Indus trializatio n
$ Wealth no longer looked upon as bad.
$ Viewed as a sign of God’s approval.
$ Christian duty to accumulate wealth.
$ Should not help the poor.
Russell H. Conwell “On We alth”
$ The AngloSaxon race is superior.
$ “Gospel of Wealth” (1901).
$ Inequality is inevitable and good.
$ Wealthy should act as “trustees” for their “poorer brethren.”
Andrew Carnegie Co rne lius [“Co mmo do re ”]
View Full Document
- Fall '11