Big Business by Skyler Noonan https://padlet.com/186077/1a94fzi5kab1 Made with a dash of wit en-us 2018-12-07 20:35:26 UTC 2023-03-14 09:42:28 UTC hello@padlet.com Big Business: an establishment that is run by entrepreneurs who finance, manufacture, and distribute goods and services on a large scale 186077 https://padlet.com/186077/1a94fzi5kab1/wish/312414615 2018-12-07 20:37:44 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312414615 1442651 https://padlet.com/186077/1a94fzi5kab1/wish/312415596 2018-12-07 20:41:05 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312415596 *Late 1800's Big Business dominated industry 186077 https://padlet.com/186077/1a94fzi5kab1/wish/312415855 *As time passed most Big Business controlled entire industries]]> 2018-12-07 20:42:00 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312415855 1442651 https://padlet.com/186077/1a94fzi5kab1/wish/312416551 2018-12-07 20:44:19 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312416551 *Investors for corporations 186077 https://padlet.com/186077/1a94fzi5kab1/wish/312416733 *Most technology for these business's required investments of large amounts of Money.
*Main source of income to get these corporations started is the use of stocks.
*To get the needed capital most owners sold stock or shares of their company to investors.]]> 2018-12-07 20:44:33 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312416733 1442651 https://padlet.com/186077/1a94fzi5kab1/wish/312417829 2018-12-07 20:47:57 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312417829 *Monopolies Dominate Industry 186077 https://padlet.com/186077/1a94fzi5kab1/wish/312418059 *with these big business came monopolies or other known as cartels.
*The main business owners around this time like Alfred Krupp,  inherited a steel-making business from his dad which he converted to buying steel and coal mines and main supply lines that carried raw materials.
*Next was John D. Rockefeller who controlled and dominated the petroleum jelly industry controlling oil wells and oil refineries and oil pipelines
*Lastly, Andrew Carnegie, who started as a poor immigrant in Scotland and became the big leader of the american steel empire.]]> 2018-12-07 20:49:00 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312418059 *Opposing Views of Big Business 1442651 https://padlet.com/186077/1a94fzi5kab1/wish/312418765 *Admirers viewed the Krupps, Rockefellers, and Carnegies  as the "captains of industry"
*Critics viewed them as "robber barons" who destroyed competing companies in pursuit of profit. 
*reformers called for laws to prevent monopolies to regulate large corporations, but by the early 1900's some governments were not against monopolies]]> 2018-12-07 20:51:55 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312418765 *cartels 186077 https://padlet.com/186077/1a94fzi5kab1/wish/312420134 *With these people or companies like this these owners created cartels where they can overall control any industry by joining forces with those other companies and fixing prices setting product quotas and controlling the market.]]> 2018-12-07 20:57:47 UTC https://padlet.com/186077/1a94fzi5kab1/wish/312420134