The Rise Of Big Business

How will you get rich? ,[object Object],[object Object]

How did people get rich? ,[object Object]

Name three ways people & products moved around in the late 1800’s ,[object Object],[object Object]

Big Business # 1: Railroads ,[object Object],[object Object]

How do railroads make money again? ,[object Object],Vanderbilt

Eliminating the Competition ,[object Object],[object Object],[object Object]

Who does competition help? How? ,[object Object],[object Object],Who does competition hurt? How? ,[object Object],[object Object]

RR’s began to help each other instead of competing ,[object Object],Let’s not compete anymore Let’s Pool!

When businesses cooperate who wins? ,[object Object],When businesses compete who wins? ,[object Object]

The biggest losers when RR’s cooperated (pooled) were the farmers WHY?

Why was it so tough for Farmers? ,[object Object],[object Object],[object Object],[object Object],[object Object]

The Vanderbilt family controlled most of the RR lines in the U.S.

Railroad Monopoly ,[object Object],[object Object]

Big Business #2: Steel ,[object Object],[object Object],[object Object]

Bessemer Process ,[object Object]

Andrew Carnegie, King of Steel ,[object Object],[object Object]

Steel Mills ,[object Object],[object Object]

Life for workers ,[object Object],[object Object],[object Object],[object Object],[object Object]

Vertical Integration ,[object Object],[object Object]

Time to make up some examples of Vertical Integration ,[object Object]

Big Business # 3: Oil ,[object Object]

Rockefeller ,[object Object],[object Object],[object Object],[object Object]

Time to make up some examples of Horizontal Integration ,[object Object]

The Standard Oil Monopoly ,[object Object],[object Object]

What were some uses for oil? ,[object Object]

Big Business #4: Banking & Finance ,[object Object],[object Object],[object Object]

Banking ,[object Object],[object Object],[object Object]

J.P. Morgan ,[object Object],[object Object],[object Object]

J.P. Morgan…continued ,[object Object],[object Object],[object Object],[object Object]

Trusts (noun) ,[object Object]

Controlling the Trusts? ,[object Object],[object Object],[object Object]

The pros & cons of powerful trusts ,[object Object],[object Object]

Homework ,[object Object],[object Object],[object Object]

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