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Mr. Cummings
US History
Period 4

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Answer the following.
1. Why were so many if the richest Americans were from the Gilded Age period?
2. How is different for Entrepreneurs today compared to those who acquired their wealth at turn of the century?

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Globalization is the integration of national economies through trade, investment, capital flow, labor migration, and technology.

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Lobbying occurs when people work towards influencing a politician or public official on a certain issue using the act of persuasion. The most influential lobbying occurred throughout the Gilded Age during the presidency of Ulysses S. Grant. The most persuasive lobbies wanted railroad subsidies and a tariff on wool.

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Free-Enterprise is an economic system in which private business operate in competition and are free of state control, it is also known as economic freedom. During the Gilded age, progressives believed that the government needed to take a strong, proactive role in the economy in order to regulate big business.

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A trust is when two or more competing organizational structures in an industry join together to control over several businesses in the same industry. A single board of trustees are given control and have the intention to monopolize a market.

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Monopoly is the exclusive possession of a commodity. A monopoly occurs when an individual or single company dominates a particular industry or controls the entire market for a particular good or service.

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Vertical Integration is the combination in one company of two or more stages of production that is normally operated by separate companies. This method was used by Andrew Carnegie and other industrialists to gain control over their industries by controlling all aspects of the production process.

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Horizontal Integration is the process of a company increasing the production of goods or services. This process can lead to monopoly if a company captures the majority of the market for that product or service. This method was used by John D. Rockefeller and other industrialists to gain control over their industries by controlling one aspect of the production process.

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Create a Chatter Pix video for each of the entrepreneurs. You will upload a photo of them in the Chatter Pix app and use your voice to make them "talk."

In 30 seconds (for each video) you need to state:

Who they are?

What is there is business?

If they would be considered more of a Robber Baron or Captain of Industry.

Provided at least 3 reasons why they would be considered a Robber Baron or Captain of Industry.

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Create a Chatter Pix video for each of the entrepreneurs. You will upload a photo of them in the Chatter Pix app and use your voice to make them "talk." In 30 seconds (for each video) you need to state: Who they are? What is there is business?