3-4 Andrew Carnegie Born november 25 1835 age 12 left scotland six years after coming he became a secretary for the railroad was able to buy stock and left the railroad company in 1865 bought a steel

[2Justin]

1. 3-4
   1. Andrew Carnegie
      
      1. Born november 25 1835
      2. age 12 left scotland
      3. six years after coming he became a secretary for the railroad
      4. was able to buy stock and left the railroad company in 1865
      5. bought a steel mill and made more there than all of britain
      6. sold the steel mill and started working on other things
      7. died aprill 11 1899
      8. Management
         
         1. Tried to make better products for cheaper
         2. bribed people with stock
         3. Vertical integration - a process in which he bought out all supplies
         4. Horizontal integration - he would by out the other companies that were failing due to his supply
      9. Social Darwinism
         
         1. States who have the fittest will strive in the society
         2. poor were automatically weak and lazy
         3. people who believed in darwinism thought they were superior
         4. rich and poor classes
         5. lazy and uneducated put into poverty
            
            1. poor people would ruin the society
         6. Andrew Carnegie believed rich should be richer
      10. Mergers
          
          1. one coporation buys the stock of another and forms a monopoly
      11. John D Rockefeller
          
          1. Attracted to the oil business
          2. Treated workers equally he wanted the future good will of his partners and employees
      12. Labor union
          
          1. A union of workers working together to get a better pay
          2. Northern wages were generally higher than southern ones
          3. would go on strike
          4. factory workers worked 12 or more hours a day and 6 days a week