Today in U.S History we are pesenting group projects.
Ch. 6.3:
-Tell me about John D. Rockefeller. hated by many americans. oil riches person in the world at the time and in todays time if alive. oil huge in 1800s. under sale his products, to gain more people. a month 4 oil compunes out of bussiness. them made the prices go up again.
-What was Social Darwinism and how did it apply to business? SD- where Try to drive people out of what they are doing.
-Explain how companies formed monopolies(vertical/horizontal integration, trusts). They tried to be the biggest compeny in the steel bussness. trust- monopolies. Horizontal- where oil bussiness tries to buy out another oil bussiness. Vertical-buy out railroads to back ruted them.
-How did the government try to regulate business? Serman Itrie trust Act- illegal to form a trust that with free trade between states.
-What are labor unions and what is their purpose?folks who bought you the weekend. child laws, minimum wage, workmens compensation insurance. Workers organizing together to get people want the people need.
Were labor unions successful in achieving their goals? Explain/Give examples. YES- because they got they people more freedom and more time of and paid money for time off. minimum wage, and insurance of car- teeth- doctors, etc...
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