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Big Business. What is a corporation? Businesses that sell portions of ownership called stock shares (or stocks) What role do stockholders play in a corporation? Individuals invest money through the purchase of stock This makes them a part owner

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Big Business


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big business
Big Business
  • What is a corporation?
    • Businesses that sell portions of ownership called stock shares (or stocks)
  • What role do stockholders play in a corporation?
    • Individuals invest money through the purchase of stock
    • This makes them a part owner
    • The money allows the company to engage in business, and hopefully, generate profit
    • Stockholders then receive a portion of the profit as a return on their investment
  • Why are corporations advantageous for stockholders?
    • They can only lose the amount of money that they invest, no more
    • They are free to sell their stock to whomever they want
corporate leaders
Corporate Leaders
  • Andrew Carnegie
    • Worked in a railroad company and worked his way up
    • Turned to steelmaking…created the U.S. Steel Corp.
    • Used vertical integration to control every step of process
  • John D. Rockefeller
    • Consolidated businesses using horizontal integration
    • Standard Oil Company owned 90 percent
    • Formed a trust that grouped many companies under one board of directors
    • The first billionaire in the world
  • Leland Stanford
    • Made money selling equipment to miners
    • Governor of California
    • Founded Central Pacific Railroad
    • Believed that workers should be part of the ownership process
  • All three gave back to charitable causes later in life (although Rockefeller gave less and later in life)
vertical and horizontal integration1
Vertical and Horizontal Integration

Store #1 Wal-Mart Store #2

social darwinism
Social Darwinism
  • Define social Darwinism.
    • The view that Darwin’s “survival of the fittest” theory determines who would succeed in business and in life
  • Why did some business leaders give money to charity?
    • They felt that the rich had a duty to aid the poor
the antitrust movement
The Antitrust Movement
  • Why did critics oppose the practices of big business?
    • They believed that big business used unfair practices like driving smaller competitors out of business and creating monopolies
  • How did concerns about trusts lead to the Sherman Antitrust Act?
    • Voters were concerned about the political power of trusts and wanted the government to control monopolies and trusts
  • Was the Sherman Antitrust Act successful in curbing the power of wealthy trusts?
    • No
  • Why (or why not)?
    • It did not legally define what a trust was and was too difficult to enforce