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(Aidan)HOW DID THE GOVERNMENT BEGIN TO DEAL WITH THEM IN THAT RESPECT?

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(Aidan)HOW DID THE GOVERNMENT BEGIN TO DEAL WITH THEM IN THAT RESPECT?

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the owner of the railroad

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(Aidan)HOW DID THE GOVERNMENT BEGIN TO DEAL WITH THEM IN THAT RESPECT?

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(Aidan)HOW DID THE GOVERNMENT BEGIN TO DEAL WITH THEM IN THAT RESPECT?

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the owner of the railroad companies made their money untouchable

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the theory that groups are subject to the same Darwinian laws of natural selection as plants and animals.

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(Alyssa) Why did so many people admire Carnegie?

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(Alyssa) Why did so many people admire Carnegie?

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Because he was able to buy out competitors when steel prices were low and now his mills were producing more than all of Great Britain.

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(Andrew)WHY DO YOU THINK CARNEGIE BELIEVED THAT A MAN WHO DIES RICH IS "DISGRACED"?

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(Andrew)WHY DO YOU THINK CARNEGIE BELIEVED THAT A MAN WHO DIES RICH IS "DISGRACED"?

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Carnegie believed it was a person's right to try and become wealthy, but was also that person's duty to share the wealth; so if a person dies wealthy they have failed that duty.

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(Casey C.) WHY DID SOME PEOPLE SEE THE BIG BUSINESS LEADERS AS "ROBBER BARONS"?

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(Casey C.) WHY DID SOME PEOPLE SEE THE BIG BUSINESS LEADERS AS "ROBBER BARONS"?

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Big businesses were cutting their employees pay so that they could gain money from profits. In the same lighting, the big business leaders were making it harder for people to make money.

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Definition.   was an American oil  industry business magnate and philanthropist.
Simple Definition.  considered the wealthiest american of all time.

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Def- The interstate commerce commission was a regulatory agency in the U.S created by in the interstate commerce act of 1887.
Translation- A body within the U.S. Department of Congress, charged with regulating the pricing of the movement of goods across state lines.

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(connor) Why did social darwinism it was "ok" for people to be exploited by the bosses of big business 

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(connor) Why did social darwinism it was "ok" for people to be exploited by the bosses of big business 

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The bosses were the most superior, so they were the most fit. It allows them to rise to the top.

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Trust -  treated as a legal entity by the tax authorities and must have a business purpose, and must function as a business.
Simple Term:  ITS  WHEN A BUSINESS USES A THIRD PARTY PERSON TO BE ITS BUSINESS ADVISOR....IT AVOIDS TONS OF TAXES THAT WAY

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(MJ) Why might "Philanthropy" of the business leaders affect the public opinion?

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(MJ) Why might "Philanthropy" of the business leaders affect the public opinion?

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If the business leaders are giving back to the public then the public will gain the respect of those leaders and a better reputation. With that good reputation businesses can build a network with other companies helping them make more money, so they intern can give back more to their community.

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Definition: the definitive antitrust statute passed by congress in 1890 that prohibits monopolies or unreasonable combinations of companies to restrict or in any way  control interstate commerce.

Translation: a law that forbids companies from controlling how supplies and goods get transported from state to state.

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( hannah ) what strategies did these new "corporations" use to decrease costs and increase profits?

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( hannah ) what strategies did these new "corporations" use to decrease costs and increase profits?

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They decreased the cost of producing goods or services by paying workers the lowest possible wages. They tried to increase profits by advertising their products widely , thus increasing their potential customer base.

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Term: The combination in one company of two or more stages of production normally operated by separate companies.
Simple Term: Two or more areas of a store or factory coming together as one.

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Definition: the exclusive possession or control of the supply or trade in a commodity or service
Simplified Def: a company or service taking complete control of an item or service in a whole

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Definition:  An association of  manufacturers or supplies with the purpose of maintaining prices at a high level and restricting competition.
Translation: A group of manufacturers with the purpose of keeping prices at a high level and limiting the competition.

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Google Definition: Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain. A company may do this via internal expansion, acquisition or merger. The process can lead to monopoly if a company captures the vast majority of the market for that product or service.

Simple Definition: A company produces more of their goods and services at the same section.

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Term:  An American industrial leader of the late nineteenth/early twentieth centuries who immigrated to the United States from Scotland without money and made millions in the steel industry.
Translation: This was a guy who had made it big by leading in the steel industry and buying railroad and oil companies.

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Google Definition- A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Simple Definition-A group of "leaders" that make the big decisions in a company, business, or organization.