entrepreneurs n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Entrepreneurs PowerPoint Presentation
Download Presentation
Entrepreneurs

Loading in 2 Seconds...

play fullscreen
1 / 6

Entrepreneurs - PowerPoint PPT Presentation


  • 102 Views
  • Uploaded on

Entrepreneurs . Standard 4.3 E.Q. What businessmen impacted the industries in the late 1800’s? . Glided Age. Describing the excesses of the late 1800’s. “Robber Barons”: Leaders of industry and philanthropists who robbed the middle class.

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

PowerPoint Slideshow about 'Entrepreneurs' - halden


Download Now 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
entrepreneurs

Entrepreneurs

Standard 4.3

E.Q. What businessmen impacted the industries in the late 1800’s?

glided age
Glided Age
  • Describing the excesses of the late 1800’s.
  • “Robber Barons”: Leaders of industry and philanthropists who robbed the middle class.
    • Competition led to economic uncertainty and periodic depressions and eventually to a public call for government regulation of monopolistic practices.
    • Voting public pressured the Congress to assert limited control over the power of Big Business.
    • Business leaders with corrupt political machine was the biggest threat to democratic government.
andrew carnegie
Andrew Carnegie
  • Control of the steel industry; from the mining of iron ore to coal to the steel mill.
  • He searched for ways to make his product better and cheaper and he hired talented young people and offered them stock in the company.
    • Gospel of Wealth: Carnegie improving his image by giving $ to charities such as universities & libraries.
andrew carnegie1
Andrew Carnegie
  • Bessemer Process: A technique involving injecting air into molten iron removing the carbon & other impurities, producing a lighter, more flexible, rust – resistant metal – steel.
  • Vertical Integration: a process in which you buy out competing producers of raw materials in order to control the raw materials and transportation systems.
    • Coal fields and iron mines, ore freighters, and railroads lines. Allow himself to under sell his competitors.
john d rockefeller
John D. Rockefeller
  • 1st to create a trust – Standard Oil
  • Used a variety of tactics in his struggle against his competitors to gain control of the oil industry.
    • Forced railroads to give him kickbacks and rebates that hurt his competitors.
  • Controlled retails outlets and forced them not to sell the products of his competitors.
john d rockefeller1
John D. Rockefeller
  • Undersold the market until he drove his competition out and then increased the price of oil.
  • Horizontal Integration: companies producing similar products merge all raw materials to make a cheaper finished product.
    • Used both Vertical and Horizontal Integration to stay on top.
  • Sherman Anti – Trust Act: made it illegal to form a trust that interfered with free trade between states or international; this act was designed to control big business, but was not effective.
    • Later it will be used against the worker’s unions.