Ch. 6.3:-Tell me about Andrew Carnegie.Came to the United States as kid with his parents from Scotland. Started working for Pennsylvania railroad company. Started a steel company, and called in Carnegie Steel Company. It was the biggest steel company in the world after a couple years. Promoted competitions amongst people in the company. Started accounting in a business. Very rich man. Invented Carnegie hall, which was for the arts. When he died gave a lot of his fortune away. Carnegie steel is known as today.. US Steel.-Tell me about John D. Rockefeller.Owned the standard oil factory. Created the standarad monopoly. Which is when someone owned everything. He would low wages for his employees, and he would have lower prices so more people would come to him. They were called the Robber Barans because they were kind of stealing from smaller companies. Rockefeller Foundation, Medical Institute, and the University of Chicago all got money from JOhn D Rockefellers fortune. He was a billionare.-What was Social Darwinism and how did it apply to business?the success and failure in business were governed by natural law and no had the right to intervere. So if a business was big the other ones should shut down, its natural law. Anti-monopoly.-Explain how companies formed monopolies(vertical/horizontal integration, trusts).Monopoly is trying to get rid of all compeption. Then they control everything. Horizontal and veritcal information .. refer to page 242. Horizontal intergration would be when a bigger company buys out small companies to eliminate competition. Vertical intergration is when a company would buy out railroad lines, stores, fields, so they would not have to rely on another company to get you're oil.-How did the government try to regulate business?-What are labor unions and what is their purpose?labor unions were keeping workers from being over worked and under paided. People in factories join together to fight back and get better wages. There was a lot of dangers in factories and labor laws were very much needed.Were labor unions successful in achieving their goals? Explain/Give examples.some of them let blacks in and some let woman in, but for the most part they only aloud white male.Ch. 7.1:Why did immigrants come to the US?Where did immigrants come from?countries in europe.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?they worked for lower wages. only students, teachers, merchants, tourists, and goverment officials could enter the U.S.Ch. 7.2Why did cities grow so quickly in the late 1800's and early 1900's?What problems did cities fact due to the rapid increase in population?What did some people do to try to help the bad situation in the cities?
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