Still sick.In class they finished the questions of section 6-3 which I learned from other studentsWhat was Social Darwinism and how did it apply to business?-It came from Charles Darwin's theory of evolution. Used the term "survival of the fittest", and people began to think God favored riches. Big businesses used "survival of the fittest to justify what they were doing by taking out other businesses.Explain how companies formed monopolies(vertical/horizontal integration, trusts).-Monopoly is getting rid of competition in your own field. Big businesses lower their prices more than smaller businesses, can go longer with a smaller profit. Consumers buy from larger business and then buy the smaller businesses and raise prices high, and no competition.How did the government try to regulate business?-Gov't tried to break up businesses that were being unfair. Sherman Antitrust Act, antimonopoly.What are labor unions and what is their purpose?-Things formed by workers because they thought their long and difficult hours were unfair, and so they tried to fight back. Collective Bargining is when many people tried to work for one common goal.Were labor unions successful in achieving their goals? Explain/Give examples.-COllective bargining, and successful unions on strikes were American Railway Union, Japanese and Mexican workers in 1903, The Great Strike of 1877, The Harmarket Affair, The Homestead Strike.
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