aim how can we connect the growth of big business in the late 1800 s to the creation of monopolies n.
Skip this Video
Loading SlideShow in 5 Seconds..
If YOU were there…. PowerPoint Presentation
Download Presentation
If YOU were there….

Loading in 2 Seconds...

play fullscreen
1 / 14

If YOU were there…. - PowerPoint PPT Presentation

  • Uploaded on

Aim: How can we connect the growth of big business in the late 1800’s to the creation of monopolies?. If YOU were there….

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about 'If YOU were there….' - dima

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
aim how can we connect the growth of big business in the late 1800 s to the creation of monopolies

Aim: How can we connect the growth of big business in the late 1800’s to the creation of monopolies?


If YOU were there….

  • It is 1895, and your town is home to a large corporation. The company’s founder and owner, a wealthy man, lives in a mansion on a hill. He is a fair employer but not especially generous. Many townspeople work in his factory. You and other town leaders feel that he should contribute more to local charities and community organizations.
  • How could this business leader help the town more?
dominance of big business
Dominance of Big Business
  • Many entrepreneurs formed their businesses as corporations (business that sell portions of ownership called stock shares)
  • Leaders were
    • Widely respected
    • Praised as examples of hard work, talent, and success
corporations generate wealth
Corporations Generate Wealth
  • -Investors who hold stock (% of profits based on how much they own)
  • Investors are not responsible for debts
  • Free to sell stock whenever they want
andrew carnegie
Andrew Carnegie
  • Came to the United States as a poor immigrant from Scotland
  • Took a job with the railroad and worked his way up to superintendent
  • Focused his efforts on steel making. Expanded his business by buying out competitors when steel prices were low
vertical integration
Vertical Integration
  • Ownership of business involved in each step of a manufacturing process
  • Ex. Carnegie-bought iron mines, coalfields, and railroads
john d rockefeller
John D. Rockefeller
  • Was a successful consolidator
  • Started an oil-refining company .
  • Standard Oil Company (largest in country in only 10 years)
horizontal integration
Horizontal Integration
  • Owning all businesses in a certain field
  • a legal arrangement grouping together a number of companies under a single board of directors
  • To earn more money, trusts often tried to get rid of competition and to control production (This was a concern!)
leland stanford
Leland Stanford
  • Sold equipment to miners
  • Founded Central Pacific Railroad
  • Stanford University
  • He believed that industries should be owned and managed cooperatively by workers. This would help with democracy.
social darwinism
Social Darwinism
  • Thought that Darwin’s “survival of the fittest” theory decided which human beings would succeed and in life in general.
  • Other business leaders believed that the rich had a duty to aid the poor.
  • Philanthropy-giving money to charities
  • (Carnegie-$350 million)
  • Total ownership of a product or service
sherman anti trust act
Sherman Anti-Trust Act
  • A law that made it illegal to create monopolies or trusts that restrained trade
  • However, the act did not clearly define a trust in legal terms. Therefore, the antitrust laws were difficult to enforce and corporations kept growing in size and power.