Governing The Trusts & The Gospel of Wealth: Senator John Sherman
Senator John Sherman was a prominent political figure in the late 19th century. He was not only a Senator from Ohio, but also the brother of famed
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Slide1Governing The Trusts &The Gospel of Wealth
Slide2Sen. John Sherman 1. Senator from OH 2. Brother of famed Civil War General, William T. Sherman. 3. Supported legislation that would penalize the Trusts/monopolies for “restraint of trade” 4. Bill named after him in his honor
Slide3Sherman Anti-Trust Act 1. First Measure by Congress to prohibit Trusts or Monopolies. 2. Prevents restraint of trade due to Congress’s regulation of interstate commerce. 3. Prevents price fixing to prevent competition. 4. Treats Labor Unions as companies who have a monopoly on labor.
Slide4Why are there PoorPeople?
Slide5Who’s Responsibility is itto take care of the Poor?
Slide6The Gospel of Wealth 1. Created by Andrew Carnegie after a dream he had about going to Hell. 2. Believed the Wealthy had been blessed by God, and were responsible for helping their fellow human beings. 3. Built 300 Libraries, and paid for Teacher Pensions. Also built 2 Carnegie Halls.
Slide8Life in the South