Big business and labor
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Big business and labor

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Big business and labor Big business and labor Presentation Transcript

  • Big Business and Labor CHAPTER 6 SECTION 3 BY TAYLOR FAH
  • Andrew Carnegie
  • Andrew Carnegie Worked at the Pennsylvania Railroad Started The Carnegie Steel Company Most powerful steel company in 1899 New machinery and techniques  Accounting, offer stocks, liked competition Vertical and Horizontal integration Carnegie Hall Gave most of his fortune away View slide
  • John D. Rockefeller View slide
  • John D. Rockefeller Rockefeller created a monopoly  Monopoly- When one company has complete control over the production of a product and they can control the market of that product Low wages, low price, no more competitors They were called the Robber Barons Rockefeller Foundation, Medical Institute, University of Chicago.
  •  Social Darwinism-The success and failure in business were governed by natural law and no one had the right to intervene. The South was slower than the North industrially after the end of the Civil War The Sherman Antitrust Act  Governments attempt to stop monopolies.
  • Sources The Americans US History Book http://en.wikipedia.org/wiki/Andrew_Carnegie http://www.pbs.org/wgbh/amex/rockefellers/peopl eevents/p_rock_jsr.html http://www.spartacus.schoolnet.co.uk/USAcarnegie. htm