Friday, September 16

Ch. 6.3:

-Tell me about Andrew Carnegie.
was born in Scotland in 1836. He was poor and he moved to the U.S. when he was 12 years old in 1848. In six years he worked his way up to private secratary for the Pennsylvania Railroad. Thomas Scott gave him a chance to buy stock when he worked out a problem. First industrial mogul to make his own fortune.
-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.


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