Toda we continued to do presentations
-Tell me about John D. Rockefeller.
Standard OilCompany- corperation- tow or three percnet of oil in the world- controlled ninty percent of businesses- called him a Robber Barons because he had good marketing tactics-ran business very efficiently-got so big that he could undersell some things- very rich- donated 5 million to university of chicago-philanthrapy- give money to people - richest person in the world- owned standerd oil company-repected and hated him-The Sherman Antitrust Act
trust-monoply The sherman Antitrust broke up monoply- also broke up microsoft
-What was Social Darwinism and how did it apply to business?
process of natural selection weeded out less suited individualss enavled the best adapted to survive, survival of the fittest, laixxez faire, people like Carnege drove away a lot of small business, which made them mad, big business take over small business
-What are labor unions and what is their purpose?
When workers would go on strike-had leaders that would talk to the mangers to try to get better wages and hours- first labor union had made conditons like they are today goal is to better things for the workers
8Madison
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