From Rockefeller's Standard Oil to Carnegie;Steel.....trusts and monopolies, the USA would never be the same again.

1. Rise of Big Business
• By Jack Garrity

2. The Rise of Big Business

3. ECONOMICS
corporation

4. • corporation is an organization owned by many people but treated
by law as though it were a single person.

5. ECONOMICS

6. ECONOMICS

7. ECONOMICS

8. ECONOMICS

9. Economies of Scale

10. Economies of Scale
economies of scale

11. • economies of scale: allow corporations to make goods more
cheaply because they produce so much so quickly using large
factories.

12. Economies of Scale

13. Economies of Scale

14. Economies of Scale
fixed costs

15. Fixed costs are costs a company has to pay, whether or not it is
operating. For example, a company would have to pay its loans,
mortgages, and taxes, regardless of whether it was operating.

16. Economies of Scale
operating costs (variable)

17. • Operating costs are costs that occur when running a company, such
as paying wages and shipping charges and buying raw materials and
other supplies.

18. Economies of Scale

20. ECONOMICS

21. ECONOMICS

22. ECONOMICS

23. ECONOMICS

24. ECONOMICS

25. ECONOMICS

26. ECONOMICS

27. ECONOMICS

28. The Consolidation of Industry

29. The Consolidation of Industry

30. The Consolidation of Industry

31. The Consolidation of Industry
pools

32. The Consolidation of Industry

33. John D Rockefeller and Standard Oil
monopoly

34. • Monopoly: complete control of the entire supply of goods or of a
service in a certain area or market. : a large company that has
a monopoly. : complete ownership or control

36. John D Rockefeller and Standard Oil

37. John D Rockefeller and Standard Oil

38. John D Rockefeller and Standard Oil

39. John D Rockefeller and Standard Oil

40. John D Rockefeller and Standard Oil

41. John D Rockefeller and Standard Oil
horizontal integration

44. John D Rockefeller and Standard Oil

45. John D Rockefeller and Standard Oil

47. Andrew Carnegie and Steel

48. Andrew Carnegie and Steel

49. Andrew Carnegie and Steel

50. Andrew Carnegie and Steel

51. Andrew Carnegie and Steel
vertical integration

54. Andrew Carnegie and Steel

55. Andrew Carnegie and Steel

56. Andrew Carnegie and Steel

57. Andrew Carnegie and Steel

58. Andrew Carnegie and Steel

59. Andrew Carnegie and Steel

60. Andrew Carnegie and Steel

61. Andrew Carnegie and Steel

62. Andrew Carnegie and Steel

63. Andrew Carnegie and Steel

64. Andrew Carnegie and Steel

65. bankrupt
Andrew Carnegie and Steel

67. Andrew Carnegie and Steel

68. Andrew Carnegie and Steel

69. Andrew Carnegie and Steel

70. Andrew Carnegie and Steel

71. Andrew Carnegie and Steel

72. Andrew Carnegie and Steel

73. Andrew Carnegie and Steel

76. Brooklyn bridge 1825m suspension bridge
1883
Empire State Building 102 stories 1931

77. Andrew Carnegie
1835 – 1919
$ Eventually, he sold US
Steel, becoming the
richest man in the world
Andrew Carnegie and Steel

81. Andrew Carnegie $ He spend the rest of his
life giving his money
away.
$ Wealthy should act as
“trustees” for their
“poorer brethren.”
$ 80% of fortune went
to free education.
$ At time of death, he
had given almost all
of his money away

82. Andrew Carnegie
He built public libraries all across America
Free learning for everyone.

83. Andrew Carnegie
In NYC, he built
Carnegie Hall,
Still the best concert
hall in usa today

84. Trusts

85. Trusts

86. Trusts
trust

88. Trusts

89. Trusts

90. Holding Companies

91. Holding Companies

92. Holding Companies
holding company

94. Holding Companies

95. Holding Companies

96. The United States Industrializes
gross national product (GNP)