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The Men Who Built AmericaCaptains of Industry, Tycoons, The Industrial Revolution and Their Lasting Impact on Business and CommerceEpisode 7 Overview:Directions: Read the Episode 7: Taking the White House, Overview below prior to viewing the episode.Vanderbilt, Rockefeller, Carnegie and Morgan have gone unchecked for decades, but American politicians are about to change that. They want to stop the monopolies and the abuse of power in business. Business tycoons Rockefeller, Carnegie, and Morgan who have been lifelong enemies will come together with a play to gain influence in the White House. Their candidate, William McKinley, wins the White House and passes laws that favor big business. Morgan and Carnegie create U.S. Steel, the first billion-dollar company in the U.S., while Rockefeller takes control of 90 percent of North American oil. But just when things look like they are going to be fine, McKinley is assassinated. Vice President Theodore Roosevelt becomes president and his presidency will rock the powerful business tycoons to their core!Episode 7 Vocabulary Words & TermsReview the following vocabulary words and terms prior to watching Episode 7 in order to enhance your learning throughout the video. There will be a vocabulary quiz after Episode 8 (episodes 7-8).Administration: a group of people who manage a company, school, organization or a government that is identified with its leader.Anti-trust: any person or law that is against forming trusts or monopoliesAristocrat: the highest social class who have more money and power than the other people in a societyCoercion: to make (someone) do something by using force or threatsConglomerate: a large business that is made of different kinds of companiesConsolidate: to join or combine business together into one big businessControlling interest: control over a company because you own the most stock in the companyCorrespondent: a person whose job is to send news to a newspaper, radio station, or television program often from different places around the worldElite: the group of people who have the most wealth and status in a society; the most successful or powerful group of people.Foreman: a person who is in charge of a group of workersGold Standard: a monetary (money) system where a country’s paper money has a value directly linked to goldIndustrialist: someone who owns or manages an industryManipulate: to control something or someone to your advantage, often unfairly or dishonestlyWilliam McKinley: the Republican candidate in the 1986 presidential election that won the presidency mainly because his campaign was funded by big business leadersNegotiating: when two or more groups or persons work together to make an agreement that all involved can be happy withNemesis: a rival that is difficult to defeatNet Worth: the total amount of money that a person has when you cash-out everything they ownPoverty Line: when a family’s income is less that what they can live onProhibitionist: someone who supports laws to make producing and selling alcohol illegal in the U.S.Prosperity: the state of being successful usually by making a lot of moneyRenounce: to say in a formal way that you refuse to follow, obey, or support someone or something any longerTheodore Roosevelt: Vice President of the United States who became the President after the assassination of William McKinley that filed anti-trust suits against the major industrialistCharles Schwab: the president of Carnegie Steel that helped negotiate the sale of Carnegie steel to J.P. MorganTrademark: a quality or way of behaving, speaking, etc., that is very typical of a particular person, group, or organizationTrust-Buster: a government official who took big business monopolies to court for breaking antitrust lawsTrusts: partnerships between big corporations in an industry where the stocks of all the companies involved in the partnership are combined and a group of people are selected to manage and control the combined stocksWealth Distribution: the way the money in a nation is divided among groups of peopleEpisode 7 Viewing GuideDirections: While watching Episode 7: Taking the White House, answer each of the following questions in the “Episode Guide” section. You should read one question ahead so that you are always listening for the answers you need. At the peak of their power, J.P. Morgan, John Rockefeller and Andrew Carnegie are worth the modern equivalent of over $1 trillion combined. More than the entire __________________________ of the 40 richest people alive today.The gap between the rich and the poor is as big as it’s ever been. Over ____________________ of Americans survive on less than ________________________________ per month, while the average worker earns barely a dollar a day – well below the poverty line.Bryan’s emergence is the biggest threat the Titans have ever faced. He promises to ______________________________________ their companies and to not rest until they’re behind bars.Desperate to protect the empires they’ve spent their lifetimes building, the titans throw their full support behind the candidacy of Ohio Governor, _________________________________.Bryan fights back. He undertakes the country’s first __________________________________, criss-crossing the nation and talking directly to the people. The tour becomes the model for the way presidents’ campaign today.On election day the lines are drawn. It’s _______________________________versus _____________________________________, rich versus poor.Morgan had much more power than he had wealth and he understood that he could have more influence over the ______________________________than Rockefeller, than Carnegie, than just about anybody else.If Morgan can_________________________________ steel, he could potentially create the largest corporate empire in the world. Bu due to that, J.P. Morgan will need to pull off his biggest and most daring move yet – a complete takeover of Andrew Carnegie’s empire.Morgan knows he can’t go after Carnegie directly. He needs another way in. So he sets up a meeting with Carnegie’s right-hand man.Carnegie writes down $480 million on a piece of paper. It’s the equivalent of $400 billion today – more than Gates and Buffet together. Carnegie has dared J.P. Morgan to buy him out for an outrageous price. A sum that is higher than the entire budget of the ___________________________________________.For 30 years, Andrew Carnegie has battled John D. Rockefeller for the title of America’s richest man, and now he’s finally surpassed him. The deal gives Carnegie a personal net worth of __________________in today’s money; the largest private fortune the modern world has ever seen.J.P. Morgan calls his new company, ___________________________. It’s instantly the biggest corporation in the world. The first company in history to be worth more than $1 billion and it will dominate the steel business for almost 100 years, virtually unchallenged.As governor of New York, ______________________________ passes laws clamping down on big business. His biggest targets are the nation’s most powerful monopolies and the men behind them.President William McKinley is re-elected to a second term and aspiring ___________________ Theodore Roosevelt is installed as Vice President.Leon Czolgosz is a former factory worker who recently lost his job at a company J.P. Morgan took over during the creation of U.S. Steel. As Czolgosz struggled, he took refuge in the growing _______________________movement.For America’s most powerful men, it’s the worst case scenario. An assassin’s bullet has robbed them of their president, a man they spent millions to get elected and with his death their worst enemy comes to power. Teddy Roosevelt is about to become the leader of ___________________________________________.Roosevelt insisted that the big capitalists recognize that they were mere capitalists and that the _________________________________of the country, were the ones that the people had chosen.Roosevelt quickly launches a campaign against the nation’s largest trusts and his first target is a railroad ___________________________owned by J.P. Morgan.Roosevelt refuses to back down from Morgan. He sues his company in Federal court in the first government __________________________filed against a major corporation. Roosevelt goes on to win and Morgan’s railroad monopoly is broken up.The government files suit against Standard Oil – in what promises to be the biggest anti-trust case of all time and the government is hoping their lead witness will be John D. Rockefeller himself. The feds issue a ______________________________and Rockefeller goes on the run; from California, to Maine, to Key West, the most powerful man in America has become a fugitive from justice.Episode 7 – Short Answer Questions:What did William Jennings Bryan want to do if he won the presidential election of 1896?What did Andrew Carnegie, John Rockefeller, and J.P. Morgan decide to do when William Jennings Bryan announced he would be running for president in the 1896 election?Who was Theodore Roosevelt? What was his background? Why did Roosevelt scare Carnegie, Rockefeller, and Morgan?In what ways did Theodore Roosevelt help to build America? ................
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