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Do Now: Match column A with column B – . Andrew Carnegie John D Rockefeller Thomas Edison Alexander Graham Bell Cornelius Vanderbilt Monopoly. Oil baron Invented the telephone Founded General Electric Made money in transportation and construction Steel industry - PowerPoint PPT Presentation
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Do Now: Match column A with column B –
Andrew Carnegie John D Rockefeller Thomas Edison Alexander Graham
Bell Cornelius
Vanderbilt Monopoly
Oil baron Invented the telephone Founded General
Electric Made money in
transportation and construction
Steel industry When a person or
company controls all aspects of a market
Big Business
Assembly line
http://www.history.com/videos/history-of-the-holidays-the-story-of-labor-day#history-of-the-holidays-the-story-of-labor-day
ASSEMBLY LINE - Process in which parts are added to a product in sequential order using optimally planned logistics to create a finished product much faster than with handcrafting-type methods
INTERCHANGEABLE PARTS – parts that are essentially identical which makes for easy assembly and repair (the candy)
Henry Ford
http://www.history.com/shows/america-the-story-of-us/videos/henry-ford-and-the-model-t#henry-ford-and-the-model-t
Henry Ford Innovated “mass
production”• Division of labor• Use of unskilled
labor• Interchangeable
parts• Assembly lines
Known for treating employers better than most
The Model T car
Big Business RecapOne of the founders
of US Steel
Andrew Carnegie
Big Business Recap Made fortune
through transportation and building
Vanderbilt
Big Business RecapFirst billionaire in the world
Created a monopoly by controlling all aspects of oil production and distribution
John D Rockefeller
Student Activity Create an assembly
line to create seasonal product (pot at the end of the rainbow)
Each row represents an assembly line
You will have 5 minutes to plan your logistical strategy with your factory workers
Each time an item drops off of you desk, it constitutes an “accident” and you have a ten second delay