Is Greed Good?

The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.

Before there was Wolf of Wall Street there was Wall Street? What is Michael Douglas' character Gordan Gecko saying in this classic quote from the movie? Do you agree or disagree with his opinion?

What is the difference between a 'Robber Baron' and a 'Captain of Industry?'  Which is Warren Buffet?  Donald Trump?

Look at the chart: Legacy of the Bushiness Tycoons. Which of these views is most similar to that of Gordan Gecko? (click below to enlarge)

How do the new American Tycoons live up to this legacy?

Of course lets not forget the demise of Augustus Gloop.

Richest People In the World

Who are the 5 richest people in the world today? Sure you can name Bill Gates but what about the rest? How did they make their fortunes? The answers may surprise you.

Who were the TYCOONS of the late 1800s? In what ways are they similar or different from today's tycoons?

Is Greed Good?  What is the legacy of the Business Tycoons?

Modern Times

Charlie Chaplin, considered to be one of the most pivotal stars of the early days of Hollywood, lived an interesting life both in his films and behind the camera. He is most recognized as an icon of the silent film era, often associated with his popular "Little Tramp" character; the man with the toothbrush mustache, bowler hat, bamboo cane, and a funny walk.

Modern Times, Charlie Chaplin's last 'silent' film, was filled with sound effects and was made when everyone else was making 'talkies.' Charlie turns against modern society, the machine age, (The use of sound in films ?) and progress.

Firstly we see him frantically trying to keep up with a production line, tightening bolts. Then he is selected for an experiment with an automatic feeding machine, but various mishaps leads his boss to believe he has gone mad.

The idea of the film was apparently given to Chaplin by a young reporter, who told him about the production line system in Detroit, which was turning its workers into nervous wrecks. In the film, Charlie becomes literally trapped in the machine.

This was one of the films which, because of its political sentiments, convinced the House Un-American Activities Committee that Charles Chaplin was a Communist, a charge he adamantly denied. He left to live in Switzerland, vowing never to return to America.

Discussion Questions

What would Charlie Chaplain think about our technological world today?

Thomas Edison's Shaggy Dog

"It was back in the fall of eighteen seventy-nine," said the stranger at last, softly. "Back in the village of Menlo Park, New Jersey. I was a boy of nine. A young man we all thought was a wizard had set up a laboratory next door to my home, and there were flashes and crashes inside, and all sorts of scary goings on. The neighborhood children were warned to keep away, not to make any noise that would bother the wizard. "I didn't get to know Edison right off, but his dog Sparky and I got to be steady pals. A dog a whole lot like yours, Sparky was, and we used to wrestle all over the neighborhood. Yes, sir, your dog is the image of Sparky."

1) Would you want to be Edison's Shaggy Dog?

2) What is a 'Shaggy Dog' story?

3) What if dogs are smarter than people?  What have they figured out?

4) What is the moral of the story?

5) How smart are dogs?

The Current War: Edison vs. Tesla

Sure you know about Thomas Edison the Ohio entrepreneur and inventor. But who was the real genius behind many of his inventions?

Starting in the late 1880s, Thomas Edison and Nikola Tesla were embroiled in a battle now known as the War of the Currents.

Edison developed direct current -- current that runs continually in a single direction, like in a battery or a fuel cell. During the early years of electricity, direct current (shorthanded as DC) was the standard in the U.S.

But there was one problem. Direct current is not easily converted to higher or lower voltages.

Tesla believed that alternating current (or AC) was the solution to this problem. Alternating current reverses direction a certain number of times per second -- 60 in the U.S. -- and can be converted to different voltages relatively easily using a transformer.

Edison, not wanting to lose the royalties he was earning from his direct current patents, began a campaign to discredit alternating current. He spread misinformation saying that alternating current was more dangerous, even going so far as to publicly electrocute stray animals using alternating current to prove his point.

What kind of monster publicly electrocutes his neighbors dogs and cats?

Did Tesla really invent a way to transmit elecrticity wireless for free?

How has Tesla been immortalized in the movies?

Want to build your own 'Tesla Tower?'

Why don't we have wireless energy?

Peculiar Patents

What is this contraption?

The U.S. Constitution states in Article 1, section 8, clause 8 that one purpose of the legislature is:

To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries

This is known as the "patent and copyright clause" and states the rationale for a patent system. The government is counting on commerce involving successful inventions, and the infectious inspiration which hopefully will encourage other inventors.

A great many inventions that receive patents never earn their inventors anything. We're not worried about that now. What we want to know is: what makes an invention patentable over those that aren't according to U.S. law?

In short your invention will qualify if it fits one of these five criteria:

1)Process: doing something?
example: toasting bread

2)Machine: something that can do something
example: a pop up toaster

3)Manufactured: something made by man
example: a Pop tart

4)Composition of Matter: substance made by man
example: snozzberry Pop tart filling

5)New Use: doing something new with something that isn't new.
example: Pop tart as body fragrance?  Toaster as musical instrument?

Now take a look at these peculiar patents and you decide whether they 'cut the mustard.'

Have a great idea for an invention you think would make our lives here at school easier?

Think it could get patented?

Founded in 1973, The National Inventors Hall of Fame meets every year to honor a new group of inventors. To be considered for induction, an inventor must hold a US patent and the invention must have benefited society and advanced science and technology. Inventors in the Hall of Fame include Orville Wright and Wilbur Wright for the airplane, Rudolf Diesel for the internal combustion engine, and more recently Les Paul for the solid body electric guitar. Click here to see the complete list.

Who in our class would we induct?

Cross of Gold

What should the caption of this cartoon be?

The most famous speech in American political history was delivered by William Jennings Bryan on July 9, 1896, at the Democratic National Convention in Chicago. The issue was whether to endorse the free coinage of silver at a ratio of silver to gold of 16 to 1. (This inflationary measure would have increased the amount of money in circulation and aided cash-poor and debt-burdened farmers.) After speeches on the subject by several U.S. Senators, Bryan rose to speak. The thirty-six-year-old former Congressman from Nebraska aspired to be the Democratic nominee for president, and he had been skillfully, but quietly, building support for himself among the delegates. His dramatic speaking style and rhetoric roused the crowd to a frenzy. The response, wrote one reporter, “came like one great burst of artillery.” Men and women screamed and waved their hats and canes. “Some,” wrote another reporter, “like demented things, divested themselves of their coats and flung them high in the air.” The next day the convention nominated Bryan for President on the fifth ballot. The full text of William Jenning Bryan’s famous “Cross of Gold” speech appears below. The audio portion is an excerpt. [Note on the recording: In 1896 recording technology was in its infancy, and recording a political convention would have been impossible. But in the early 20th century, the fame of Bryan’s “Cross of Gold” speech led him to repeat it numerous times on the Chautauqua lecture circuit where he was an enormously popular speaker. In 1923 (25 years after the original speech), he recorded portions of the speech for Gennett Records in Richmond, Indiana. Although the recording does not capture the power and drama of the original address, it does allow us to hear Bryan delivering this famous speech.]


W.J. BRYAN CARRIES ON THE SHOULDERS OF HIS ADMIRERS AFTER HIS ORATION. 
from Harper's Weekly, 18 July, 1896.

You come to us and tell us that the great cities are in favor of the gold standard; we reply that the great cities rest upon our broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic; but destroy our farms and the grass will grow in the streets of every city in the country.

 Therefore, we care not upon what lines the battle is fought. If they say bimetallism is good, but that we cannot have it until other nations help us, we reply, that instead of having a gold standard because England has, we will restore bimetallism, and then let England have bimetallism because the United States has it. If they dare to come out in the open field and defend the gold standard as a good thing, we will fight them to the uttermost. Having behind us the producing masses of this nation and the world, supported by the commercial interests, the laboring interests and the toilers everywhere, we will answer their demand for a gold standard by saying to them: 

You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold!

William Jennings Bryant would lose to Ohioan William McKinley in one of the most dramatic presidential races in American History, and America would stay on the 'gold standard' more or less for the next 70 years.