1. Big Business and Labor
CHAPTER 6 SECTION 3
BY TAYLOR FAH

2. Andrew Carnegie

3. 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

5. John D. Rockefeller

6. 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.

7.  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.

8. 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