Chapter 6 Section 3:Andrew Carnegie was the first person to make a foutune buying stock. The Carnegie Steel Company was created in 1899 by Andrew Carnegie himself. He was the biggest Steel producer in the U.S. when he sold his business in 1901. It was the first billion dollar company. The Sherman Anti Trust Act was started in 1890. The Sherman Anti Trust Act made it illegal to form a trust that interferred with trade with countries or states. A monopoly is when a company tries to control anything in that field so they don't have any competition against them. Social Darwinism grew out of Charles Darwin's theory of biological evolution. Herbert Spencer used Darwin's theory to explain the evolution of human society.The Standard Oil Company of Ohio was started by John D. Rockefeller. In 1890 the company produced 89% of the nations crude oil. Rich business owners were called captain of industry and robber barons at the same time. They were called robber barons because they drove people out of their businesses. They were called the captains of industry because they were the ones who gave people jobs and peopled looked up to them.
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