chapter 6 section three
-Tell me about Andrew Carnegie.
had the first steal company worked on the railroads started poor 1899 proudced the more steral than britain he used two processes called vertical abnd horizontial and integration buy out companys so you can produce and send cheaper owned everything so could sell everything at the price they wanted bout out other steal companys like monapaly
-Tell me about John D. Rockefeller.
owned largest oil compony he bought out all his comptiention they used a trust merged companys together so they would make more money whaen they took it to court 7 of the 8 things failed so theys top trying to inforce it alot of ppl didint like him cuz they tought he was stealing ppls money was the first billionare ppl made pics of him looking like the devil cuz he killed the american dream of ppl owning there own bussniess conico amco bout out by bp chvron exon moible broke up microsoft
-What was Social Darwinism and how did it apply to business?
explains the proces of natural selection bigger bussiness take more control than little bussiness so they had to sell for more they mad more money abig ones would buy out smaller ones
-Explain how companies formed monopolies(vertical/horizontal integration, trusts).
anwsered thie earlywer paragahaps
-How did the government try to regulate business?
-What are labor unions and what is their purpose?
group of workers who form uions to fight for the rights work condiotions were in horrible conditions and worked over 12 hours a day for twelve hours a week child labors wrer five from 15 1890 to 1910 doubled usaly worked in sweat shops only paid kids 27 andmen paid more fight for rights in factorys in 1866 the first large scale uion was formed but black ppl were not alowed to join motto was an ingury to one concerns of all open to all workers nights of labors 8 hour days in 1886 had bout 700000 members include works from diftent trades wages incresed and hours decreased grate stirke of 1877 railroads went on strike and over 50000 miles it was stopped for over a week
Were labor unions successful in achieving their goals? Explain/Give examples.
yeas they got some of there hours and wages changed
Comments