10-14-09

6-3 Joe Lemons discusses his slide show today.Andrew Carnegie was a true rags to riches story.he was a very poor person as he grew up and he made a steel business and later onsold it for 1 billion dollars, which was the first billion dollar corporation in the world. which isnow known as US Steel.a monopoly is when there are more then one business is owned selling the same thingand then one business tries to buy out or sell out the other persons company to get rid ofcompetition and then if you had no comp, you could sell it as high as you wanted IT.Social Darwin grew out of Charles Darwings theory of biological evolution.The standard oil company in Ohio was started by John D Rockefellerin 1890 they produced nearly 89% of the nations crude oil. - achieved by selling his oil cheaper than others.Labor- steel mills supplied the most jobs, and the people who worked there worked 7 days weeks and kids as young as 5 could have jobs there. Made just above slave wages basically.In 1877 the workers of the Balitimore and Ohio railroads started a strike because of 2nd wage cut in two months.A strike is when someone goes on Rebellion such as if we were to go on strike we would make signs and put no blog no blog no blog. ha.Striking in these early days were pointless because the rich people always had the power.
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  • Ok--be sure to focus on answering the key questions I gave you over these sections.
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