UTTERBACK "BIG BUSINESS" 7TH PERIOD by jon https://padlet.com/jutterback/hr6zi65d63sf Made with a wink and a smile en-us 2017-09-27 18:14:25 UTC 2025-12-09 04:44:02 UTC hello@padlet.com (Ainsley) Cartel https://padlet.com/jutterback/hr6zi65d63sf/wish/191820446 Def: an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition

Translation: a group of manufacturers who keep prices high and limit competition ]]> 2017-09-27 18:28:38 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191820446 (Ivan) John D. Rockefeller https://padlet.com/jutterback/hr6zi65d63sf/wish/191820660 Def. from google:  "John Davison Rockefeller Sr. was an American oil industry business magnate and philanthropist. Widely considered the wealthiest American of all time and the richest person in modern history."

Translation:  an oil tycoon, made deals with railroads to increase his money and became one of the richest people in history.

LOOK AT THAT MUSTACHE

 ]]> 2017-09-27 18:29:01 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191820660 (Sydnee) Horizontal Integration https://padlet.com/jutterback/hr6zi65d63sf/wish/191820719 DEF FROM GOOGLE: Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain.
TRANSLATION: A company making more goods for what is most wanted.

]]> 2017-09-27 18:29:07 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191820719 (Noah) Monopoly https://padlet.com/jutterback/hr6zi65d63sf/wish/191820786 Def from google: The exclusive possession or control of the supply or trade in a commodity or service
Translation: Control of a specific market 

]]> 2017-09-27 18:29:14 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191820786 (Bosse) Vertical Integration https://padlet.com/jutterback/hr6zi65d63sf/wish/191820898 Def from google: The combination in one company of two or more stages of production normally operated by separate companies.
Translation: A company investing in smaller companies related to their product to increase production time.]]> 2017-09-27 18:29:25 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191820898 (Giovanna) https://padlet.com/jutterback/hr6zi65d63sf/wish/191820960 Why do you think Carnegie believed that a man who dies rich is "disgraced"?
I think Carnegie believed that because he was familiar wealth but he did not die rich. Carnegie started charitable organizations for people that are wealthy to donate and that is what he did himself too.]]> 2017-09-27 18:29:31 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191820960 Reis(cor https://padlet.com/jutterback/hr6zi65d63sf/wish/191821023 2017-09-27 18:29:39 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191821023 Reis(corpor https://padlet.com/jutterback/hr6zi65d63sf/wish/191821070 2017-09-27 18:29:44 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191821070 Reis(corporation) https://padlet.com/jutterback/hr6zi65d63sf/wish/191821133 Def- 
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. 

Translation- a group of people who work together to make money.


]]> 2017-09-27 18:29:50 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191821133 (Bree) Social Darwinism https://padlet.com/jutterback/hr6zi65d63sf/wish/191821305 DEF.-  the theory that individuals, groups, and peoples are subject to the same Darwinian laws of natural selection as plants and animals. Now largely discredited, social Darwinism was advocated by Herbert Spencer and others in the late 19th and early 20th centuries and was used to justify political conversation, imperialism, and racism and to discourage intervention and reform.
TRANSLATION-   term used for different movements. 
(Evolution concept)

]]> 2017-09-27 18:30:10 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191821305 (Milian) Sherman Antitrust Act https://padlet.com/jutterback/hr6zi65d63sf/wish/191821459 Google def- 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- an act of congress forbidding any contract, conspiracy, or combination of business interests in restraint of overseas or interstate trade. ]]> 2017-09-27 18:30:26 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191821459 (Raymond) https://padlet.com/jutterback/hr6zi65d63sf/wish/191821812 ICC  (INTERSTATE COMMERCE COMMISSION)  The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887. 

 
The Interstate Commerce Commission  was an organization in america that was founded by the interstate commerce act of 1887
]]> 2017-09-27 18:31:03 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191821812 (Austin) https://padlet.com/jutterback/hr6zi65d63sf/wish/191822067  
EXPLAIN HOW SOME OF THE BIG RAILROAD COMPANIES WERE BEGINNING TO BE THOUGHT OF AS "MONOPOLIES" DURING THIS TIME?

They were thought of to be monopolies because if you held a specific area than you could tell which is coming in or out in your area, and if you could get a monopoly in an area you could make a lot 

]]> 2017-09-27 18:31:29 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191822067 https://padlet.com/jutterback/hr6zi65d63sf/wish/191822168 2017-09-27 18:31:38 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191822168 (Jacob)What Strategies did these new "Corporations" use to decrease costs and increase profits? jsims4608 https://padlet.com/jutterback/hr6zi65d63sf/wish/191822360 They would pay as little as possible for the materials needed and pay the workers minimum wage. They could also make a monopoly on the item.]]> 2017-09-27 18:31:58 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191822360 https://padlet.com/jutterback/hr6zi65d63sf/wish/191822528 2017-09-27 18:32:17 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191822528 (Asher) WHAT WOULD BE AN ARGUMENT SUPPORTING THE LEAVING ALONE (LAIZZES FAIRE) BY THE GOVERNMENT OF THESE BIG BUSINESS EMPIRES? https://padlet.com/jutterback/hr6zi65d63sf/wish/191822576 my argument would be, some companies are trying to do good but with the limits from the government they can't do their absolute best.]]> 2017-09-27 18:32:22 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191822576 (Shelby ) Andrew Carnegie sburgess5625 https://padlet.com/jutterback/hr6zi65d63sf/wish/191822953 Google Def: Andrew Carnegie was a Scottish-American industrialist. Carnegie led the expansion of the American steel industry in the late 19th century and is often identified as one of the richest people ever. 

My Def: one of the richest people ever by leading an expansion of steel. 

]]> 2017-09-27 18:32:58 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191822953 Samuel Wɑzԍ https://padlet.com/jutterback/hr6zi65d63sf/wish/191823305 What strategies did these  
NEW "CORPORATIONS" USE TO DECREASE COSTS AND INCREASE PROFITS? 

My answer: They would have people work absurdly hard, ex. doing a 2 man job, for half of the pay that should have been
]]> 2017-09-27 18:33:29 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191823305 (jaela) why did social darwinism say it was ok for people to be exploited by the bosses of big businesses? jlawson6240 https://padlet.com/jutterback/hr6zi65d63sf/wish/191823351 social darwinism was a concept based on the studies of charles darwin. he is a man who studied evolution in the galapagos islands and created the theory of "survival of the fittest" which was later applied to success in communities and business. this is why it was okay during this time, the idea and belief  in
 survival of the fittest. ]]> 2017-09-27 18:33:34 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191823351 (Preston) Why did so many people admire Carnegie? https://padlet.com/jutterback/hr6zi65d63sf/wish/191823987 People admire Carnegie because he gave them hope. He came from nothing and became very rich.

]]> 2017-09-27 18:34:38 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191823987 (Drake) WHY MIGHT "PHILANTHROPY" OF THE BUSINESS LEADERS AFFECT PUBLIC OPINION? https://padlet.com/jutterback/hr6zi65d63sf/wish/191824516 The public might see it as good that the big business leaders are giving back to their communities through charities and donations.]]> 2017-09-27 18:35:33 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191824516 (Jessica) HOW COME SOME OF THE REGULATIONS PLACED AGAINST THE BIG BUSINESSES DIDN’T HAVE MUCH EFFECT? https://padlet.com/jutterback/hr6zi65d63sf/wish/191824640 The businesses had enough money to pay off any regulations placed on them. ]]> 2017-09-27 18:35:47 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191824640 ( https://padlet.com/jutterback/hr6zi65d63sf/wish/191824667 2017-09-27 18:35:50 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191824667 (Dylan) TRUST dsizemore8641 https://padlet.com/jutterback/hr6zi65d63sf/wish/191826093 Actual definition:  When a company assigns their stocks to a board of trustees, who combine them into a big organization. 
My Definition: Someone who trusts one another enough to let them control something important, hoping they do their part of the job. ]]> 2017-09-27 18:38:08 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191826093 (KEVIN) HOW COME SOME OF THE REGULATIONS PLACED AGAINST THE BIG BUSINESSES DIDN’T HAVE MUCH EFFECT? https://padlet.com/jutterback/hr6zi65d63sf/wish/191828337 Businesses had the money to get rid of the regulations.]]> 2017-09-27 18:41:51 UTC https://padlet.com/jutterback/hr6zi65d63sf/wish/191828337