Have out dialogue homework to hand in. Notes in notebook
Homework in notebook: Acrostic poem INDUSTRIALIZATION Z-zoned for
business
Slide 2
Slide 3
Its just like winning the game! One company or small group that
has TOTAL control over one part of business
Slide 4
Trust: A group of corporations that unite to reduce competition
and control prices in a business Many believed that trusts
threatened American economic and political freedoms Wealthy
business owners who were part of trusts used their enormous wealth
to buy elections and corrupt public officials.
Slide 5
Political bosses do favors and then people vote how they are
told Quid-pro-quo (something for something)(something for
something) Robber barons: Wealthy businessmen who used corrupt
practices to get ahead
Slide 6
Corruption common and state and local levels of government Boss
Tweed ran the Tammany Hall political machine in New York
CityTammany Hall
Slide 7
Andrew Carnegie Andrew Carnegie John D. Rockefeller John D.
Rockefeller J.P. Morgan J.P. Morgan
Slide 8
When one company is responsible for every part of the
production of an item from beginning to end (raw material to
finished product) Example: Carnegie Steel Co. owned iron ore mines
and paid workers to mine owned railroad companies for shipping iron
ore to factories owned the factories that turned the iron ore into
steel
Slide 9
When one company owns all the businesses in a field Example:
Standard Oil Bought out all other oil companies so Standard Oil
owned the market
Slide 10
Philanthropist: someone who uses their wealth for the benefit
of the less fortunate Carnegie Hall Rockefeller Center