There were many things that helped people become more advanced. Like the light bulb and the telephone.-Tell me about Andrew Carnegie.-Tell me about John D. Rockefeller.-What was Social Darwinism and how did it apply to business?-Explain how companies formed monopolies(vertical/horizontal integration, trusts).-How did the government try to regulate business?-What are labor unions and what is their purpose?Were labor unions successful in achieving their goals? Explain/Give examples.Chapter 6-3Big business and laberAdrew Carnegie was a scothish imigrant. Was a poor child and invested in stock then made some money.He made his money in the steel company. He sold out to become a million dollar man. He was loved and hated him. He worked hard a made a fortune and made him the second riches man in the world. He would under cut the people that he wanted the business.Monoplys are bad because they could drive the competion out of the town. They try to run you out of business to be the only one in town then control the prices in that town. You can be big and wealthly. You have a tons of companies to transport your goods.John D Rockefeller was poor but worked hard and got a lot of money. He was worse then Andrew Carnegie. His big business was oil. He was liked and very much hated. He liked to give money away to libraries and lit stuff. People tried to make them look bad.Sherman Anti-Trust actThey put an act to stop monoplies. It helped out small buisness that were trying to make money. If they dont do things fairly then they could get split.
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