Ch. 6.3:
-Tell me about Andrew Carnegie.November 25, of 1835 very poor secretary of the local superintendent for the Pennsylvania left the railroad company in 1865 started a steel mill business and sold it in 1901 then started working on his management work also libraries public institutions and a college were also things he started.
-Tell me about John D. Rockefeller. took a different approach on "merging" he found oil right away and wanted the oil as a business he tried and treated everyone equally he wanted a good future for everyone
-What was Social Darwinism and how did it apply to business? started by Charles Darwin means that the states who have the fittest will strive in the society those who wee poor were automatically weak and lazy some people thought they were very superior. either rich or poor.
-Explain how companies formed monopolies(vertical/horizontal integration, trusts). they bought out other companies' stock and merge and become one company.
-How did the government try to regulate business?
-What are labor unions and what is their purpose? formed in 1866 by William Syvis who was an iron worker
Were labor unions successful in achieving their goals? Explain/Give examples. no because factory workers worked 12 or more hours a day 6 days a week vacation was not an option 675 workers were killed due to work related stuff a week
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