Industrialists, Capitalists, and Monopolies
About the Industrialists, Capitalists, and Monopolies Lesson
This lesson introduces students to industrialists, capitalists, and monopolies.
• To be able describe the difference between industrialists, capitalists, and monopolies.
• To be able name some of the major capitalists.
• To be able to define a philanthropist.
While the country was becoming wealthy, the wealth was not shared and enjoyed by all, The United States was founded on the proposition that ?all men are created equal,? yet the growth America experienced during this industrialized period produced disturbing social inequalities. One of these inequalities was the increased gap between the rich and the poor.
The main gap was between those that working in factories and those that owned the factories and industries. The owners of the industries were called ?capitalists.? ?Capital? means money, and capitalists put their money into developing businesses and industries. They wanted to make more money from what the industry would produce and sell.