Presenting Today!!!
Ch. 6.3:
-Tell me about Andrew Carnegie.
-born in Dunfemline, Scottland
-moved to us in 1846 when he was 12
-had a job when he was 18 as a personal secretary
-he single handedly untangled a snare of passenger and freight trains
-led to his first stock givent to him by Thomas A Scott
-entered the steel industry in 1873
-one of the first businessmen to use "new business strategies"
-Tell me about John D. Rockefeller.
-born on July 8th in Richford NY
-worked in the town library where he was an assistent librarian
-showed early signs of being a major player in business
-What was Social Darwinism and how did it apply to business?
-herbert spencer was the first man to apply the proccess to business
-he used to it to explain how human society was evolving
-eventually pepole started using it to justify the doctrine of lassez faire
-Explain how companies formed monopolies(vertical/horizontal integration, trusts).
-a monopoly is when one company controls almost all business involving a good or service
-vertical and horizontal integration and trusts were the most common tactics for monopolies
-standard oil, microsoft, etc.
-How did the government try to regulate business?
-some was the sherman antin trust act
-the doctrine of laissez faire
-the doctrine stated the marketplace couldnt be regulated because it was controlled byu natural law
-this was supported by many people including William G Sumner, a proffeser at Yale
-What are labor unions and what is their purpose?
-a group of workers joining together for a certain cause
- blacks, whites, men, women, and children were all involved
-labor unions did not succeed at first because nobody took them seriously
-to get better working conditions was there goal. Fewer hours, better pay, etc.
Were labor unions successful in achieving their goals? Explain/Give examples.
-they didnt succeed at first because nobody took them seriously
-tried to get better working conditions
-in 1882 an average of 675 workers were killed in work related accidents each week!!!
Ch. 6.2:
-What impact did railroads have on the US?
-it was an easier way to get to the west and people could get to adventure faster
-helped develop the country we have today
-brought availible land
-helped with trade
-Why were many people upset with the railroads?
-farmers were the most upset
-railroad lands were supposed to be given to the farmers but insited railroad companies would give it to other railroad companies
-What did the Grangers or government do to regulate the railroads?
-the grangers were a group of people, usually poor people or farmers and they formed groups that fought back against the railroads
Ch. 7.2
Why did cities grow so quickly in the late 1800's and early 1900's?
-immigrants came because they were the cheapest, offered laborers and steady jobs, schools, religion, culture, tradition, language
-people moving from the country to the city
-farmers moved because they lost their jobs
What problems did cities fact due to the rapid increase in population?
-when people moved in there wernt enough houses for everybody
-NY City passed a law where the house had to have airshafts, the garbage picked up, and some kind of plumbing
-transportation-mass transit, 1873 street cars, electric subways in Boston in 1897
-the water wasnt good and they would get diseases from it because it wasnt clean and filtered
What did some people do to try to help the bad situation in the cities?
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