Friday, September 30th

[6CarlyN]

Today we did presentations on 6-3 and 7-1Ch. 6.3:-Tell me about Andrew Carnegie.He worked for the Pennsylvania RailroadStarted Carnegie Steel Companymost powerful steel companyHe was one of the firsts to do Accounting and offered stocks-Tell me about John D. Rockefeller.He was an owner of an oil companyhe started to buy out small companies to eliminate competionOne of the richest men in the world at the time-What was Social Darwinism and how did it apply to business?the success and failure in business were governed by natural law and no one had the right to interveneThe Sherman Antitrust Act-Explain how companies formed monopolies(vertical/horizontal integration, trusts).Refer to page 242big companies buy out small companys to eliminate competion-How did the government try to regulate business?The Sherman Antitrust Act-What are labor unions and what is their purpose?Were created for keeping the workers from being over worked and under paid.They were workers in the factories to make a higher wages.Better working conditionsWere labor unions successful in achieving their goals? Explain/Give examples.Yes and No, they struggled at first it was easy for companies to fire the people in labor unions and hire immigrantsCh. 7.1:Why did immigrants come to the US?Came for better paying jobsReligous FreedomWhere did immigrants come from?China and Japan to San Fransisco or Angel Island, and Italy and Russia to New York or Ellis Island.What problems/issues did immigrants face on the trip over and once they got here?Why did some people want to put restriction on immigration? What were those restrictions?Because they were taking American jobsChinese Exclusion Act