continuing with presentations today. 6-3.
i really wish my hair would stay straight through early band and p.e. and for the most part, it does. but it always gets those annoying little waves in it....hair fwippies, i call them.
anyways.
#1 Tell me about Andrew Carnegie.
andrew carnegie, classic rags-to-riches type story. worked at a steel company, boss gave him a stock share, he made lots of money on it. got really rich. made fortune in steel. eventually became a philanthropist (person who gives money away at the end of his life) gave lots of money to libraries, museums, etc. not a big believer in giving all his money to his children, because he believed it would breed laziness (wanted them to work for their money, like he did).
#2 tell about john d rockefeller.
also a philanthropist. hated by many americans, more so than andrew carnegie. owned the standard oil company. probably the richest man in the world at the time. he would undersell, sell at a loss, so the smaller oil companies couldnt compete, thus he bought them out. called him a robber baron.
Thomas Nass was the most famous political cartoonist at the time.
the sherman anti-trust act. trust is a fancy word for monopoly. this act tried to break up monopolies. it broke up standard oil into 34 different smaller oil companies.
#3- social darwinism.
charles darwin- famous for the theory of evolution. wrote book, the origin of species. survival of the fittist, natural selection.
businesses used this theory to justify driving other businesses to bankruptcy
we are having breakfast pizza for lunch today.
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#4 explain monopolies
horizontal integration- oil company a buying out company b, buying out company c. one company trying to buy out all its smaller competition., drive them out of business.
vertical integration- one bigger company buying out its suppliers and transportation. say, a ranch buying a railroad. a steel factory buying an iron mine.
#5 how did the government try to regulate businesses?
sherman anti-trust act. see above.
#6 labor unions and their purpose...
organization of workers who came together to try to get better conditions. a union of laborers.
huge stuggles at first. but there is power in numbers. worked hard to bring in lots of things we have today, such as: child labor laws, overtime, minimum wage, injury protection, weekends, workmens compensation insurance, pension security, maternity, the right to organize, etc. (also question 7...at first not succesful, but over time gained respect and reached their goals. short term failure, long-term success)
Craft Unions vs. Industrial unions.- industrial allows anoyone working in an industry to join, regardless of race, gender, job, or skill.
Craft unions- divided into little breakdowns between jobs in an industry (like teachers in one union, janitor unions, cook union, prinicipal union....etc)
American Federation of Labour
done with 6-3. yay.
the end of 6-3. yay.
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