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DEF: canine.....
TRANSLATION: animal that is mans best friend

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(patrice)

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(Dalton) why did so many people admire Cerneige? 

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(Dalton) why did so many people admire Cerneige? 

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Carnegie was so admired because he was the richest man in the world and used his money to help everyone else for their own good. Gave money to towns and cities and built over 2000 libraries. He gave up 90% of his wealth for world peace.

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(Garrett) what would be an argument for government regulation

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(Garrett) what would be an argument for government regulation

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so the fat cats don't take advantage of the little guys

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(Colin) Explain how some of the big railroad companies were beginning to be thought of as "Monopolies" during this time?

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(Colin) Explain how some of the big railroad companies were beginning to be thought of as "Monopolies" during this time?

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Vanderbilt was trying to own all of the railroads. By doing that he controls all of the prices and the railways.

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a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

A group of people that make choices together, but act as one person

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(Sam) How come some of the regulations placed against big businesses didn't have much effect?

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(Sam) How come some of the regulations placed against big businesses didn't have much effect?

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The big businesses were already making enough money to were the regulations didn't have a big effect on what they were already selling

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

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

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Philanthropy is the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes. It affects public opinion, because that means that people would think of business leaders as rich people who want the society to progress.

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(Garrett) how did the government deal with them in that aspect

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(Garrett) how did the government deal with them in that aspect

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the government started to enforce regulations on big businesses

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(horizontal integration) the process of a company increasing of goods or services at the same part of the supply chain

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(horizontal integration) the process of a company increasing of goods or services at the same part of the supply chain

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(patrice)

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(Kaiser) What would be an argument supporting the leaving alone (Laisses Faire) by the government of these big business empires?

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(Kaiser) What would be an argument supporting the leaving alone (Laisses Faire) by the government of these big business empires?

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Eventually, they would disrupt the natural order of the business world. If a business lost money, they would have to cut employees.

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

The thought that the better people should be the rich and the lesser should be the poor

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(Allison) WHAT STRATEGIES DID THESE NEW "CORPORATIONS" USE TO DECREASE COSTS AND INCREASE PROFITS?

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(Allison) WHAT STRATEGIES DID THESE NEW "CORPORATIONS" USE TO DECREASE COSTS AND INCREASE PROFITS?

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Mass production, used cheaper materials, made things that were a little better than the common tool. Paid workers the lowest possible wages. Advertized on a larger scale with the new technology that was making communication easier.

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Why did social darwinism say it was "okay" for people to be exploited by the bosses of big business?

social darwinism simply states that those who are more fit will be the leaders and innovators, whilst the unfit were bound to be poor by this mindset

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Trust is the confidence placed in a person by making that person the former owner of property to be held or used for the benefit of one or others.
Trust is the belief or confidence you have for someone to do their end of the bargain.

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The combination in one company of two or more stages of production normally operated by separate companies.

When two companies come together at different stages of making the same thing.

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(Brady Johnson) John Davidson Rockefeller Sr. 

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(Brady Johnson) John Davidson Rockefeller Sr. 

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John D. Rockefeller

was an American oil industry business magnate and philanthropist. Considered one of the wealthiest people ever.

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(keck) why did some people see the big business leaders as "robber barons"?

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(keck) why did some people see the big business leaders as "robber barons"?

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they kept the money away from the poor for themselves

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An act passed in 1890 which prohibited any contract, combination, in the form of trust or otherwise, or conspiracy in restraint of trade or commerce.

The first federal law that banned people from selling or trading exclusive supplies or inventions.

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(Sophie) Why do you think Carnegie believed that a man who dies rich is a "disgrace"?

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(Sophie) Why do you think Carnegie believed that a man who dies rich is a "disgrace"?

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He believed that the wealthy should repay their debt to society.

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(Brooke) ICC(Interstate Commerce  Commission)

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(Brooke) ICC(Interstate Commerce  Commission)

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a regulatory agency in the United States created by the Interstate Commerce Act of 1887.

The first federal body set up to monitor American business operations.

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Carnegie led the expansion on american steel industry in the 19th century and considered to be one of the richest americans and people ever
He was a rich man who made steel and he helped others by donating 90% of his money.

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An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.

A group of people that keep the products they sell at high prices to keep other groups from competing/racing against them in the field of selling

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the exclusive possession or control of the supply or trade in a commodity or service.

when someone or a group of people control most of the power over something