Ch. 6.3:
-Tell me about Andrew Carnegie.
born 1835 came to america from scotland six years after he was the secretary fo r the local superintendent for the Pennsylvania Railroad Andrew was rewarded with stock became one of the richest people of his time hes sold his steel mill he set up Libraries public institutions and a college vertical integration
-Tell me about John D. Rockefeller.
established the standard oil company treated his employees well
-What was Social Darwinism and how did it apply to business?
Started by CHarles Darwin Social Darwinism means that the states who have the fittest will strive in the society survival of the fittest there were only to classes rich and poor Carnegie was a social darwinism
-Explain how companies formed monopolies(vertical/horizontal integration, trusts).
a merger is when one corporation bought out the stock of another one
-How did the government try to regulate business?
-What are labor unions and what is their purpose?
A Lavor Union is a union of workers working together to et better pay work conditions were poor
Were labor unions successful in achieving their goals? Explain/Give examples.
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