The document discusses several key aspects of industrialization and the modern corporation in late 19th century America: 1) The policy of laissez-faire allowed businesses to operate without government regulation, which could potentially lead to problems if left unchecked. 2) Monopolies formed by "Robber Barons" like Rockefeller and Carnegie controlled entire industries, raising prices while overworking employees and reducing competition. 3) Living and working conditions during this period were often poor, with low standards of living as seen in high birth/death rates, low literacy, and high infant mortality rates compared to later periods.

1. Business in America 10 th Grade Social Studies Benchmark B: Gd 10#2 Learning Target: Analyze the impact of industrialization and the modern corporation in the U.S. on economic and political practices with emphasis on: a. laissez-faire policies b. monopolies c. standard of living

2. Laissez-Faire -To Let Be -Business would be allowed to conduct their “business” in any way they felt necessary. -No government regulation or intervention. -How could this be a potential problem? -Do we still follow this policy today?

4. No Competition

5. Increased prices

6. Harsh working conditions

7. Loss of jobs

9. Andrew Carnegie

10. J.P. Morgan

11. Cornelius Vanderbilt

12. What did these men have in common?!

14. Corrupt politicians

15. Corrupt government

16. Poverty

17. Sanitation

18. Working Conditions

22. Death rate?

23. Literacy rate?

24. Gross Domestic Product?

25. Infant Mortality rate?

26. Would you say the Standard of Living was high or low? Why?