UTTERBACK "BIG BUSINESS" PER 6 by jon https://padlet.com/jutterback/lplh9ze7k47v Made with mirth en-us 2017-09-27 17:24:56 UTC 2024-11-17 21:14:55 UTC hello@padlet.com (Logan) Corporation https://padlet.com/jutterback/lplh9ze7k47v/wish/191790939 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.
]]> 2017-09-27 17:38:09 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191790939 (Omar) Andrew Carnegie https://padlet.com/jutterback/lplh9ze7k47v/wish/191791404 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.]]> 2017-09-27 17:38:58 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191791404 (Kayla) Cartel https://padlet.com/jutterback/lplh9ze7k47v/wish/191791571 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.]]> 2017-09-27 17:39:17 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191791571 (Gavin L.) Monopoly https://padlet.com/jutterback/lplh9ze7k47v/wish/191791591 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]]> 2017-09-27 17:39:18 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191791591 (Tyler) Vertical Integration https://padlet.com/jutterback/lplh9ze7k47v/wish/191791740  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.

]]> 2017-09-27 17:39:36 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191791740 (Katie :) ) Horizontal Integration kdeken7786 https://padlet.com/jutterback/lplh9ze7k47v/wish/191791976 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. ]]> 2017-09-27 17:40:04 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191791976 (Sarah) Sherman Antitrust Act https://padlet.com/jutterback/lplh9ze7k47v/wish/191792390 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.


  ]]> 2017-09-27 17:40:57 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191792390 (MJ) Why might "Philanthropy" of the business leaders affect the public opinion? https://padlet.com/jutterback/lplh9ze7k47v/wish/191792462 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. ]]> 2017-09-27 17:41:07 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191792462 ( hannah ) what strategies did these new "corporations" use to decrease costs and increase profits? https://padlet.com/jutterback/lplh9ze7k47v/wish/191792471 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. 

]]> 2017-09-27 17:41:08 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191792471 (Mackenzie) Trust https://padlet.com/jutterback/lplh9ze7k47v/wish/191792491 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

]]> 2017-09-27 17:41:11 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191792491 (connor) Why did social darwinism it was "ok" for people to be exploited by the bosses of big business https://padlet.com/jutterback/lplh9ze7k47v/wish/191792802 The bosses were the most superior, so they were the most fit. It allows them to rise to the top. ]]> 2017-09-27 17:41:51 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191792802 (Raven) ICC https://padlet.com/jutterback/lplh9ze7k47v/wish/191792806 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.

]]> 2017-09-27 17:41:51 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191792806 (Olivia) John D.Rockefeller https://padlet.com/jutterback/lplh9ze7k47v/wish/191792899 Definition.   was an American oil  industry business magnate and philanthropist.
Simple Definition.  considered the wealthiest american of all time. 
 ]]> 2017-09-27 17:42:02 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191792899 (Casey C.) WHY DID SOME PEOPLE SEE THE BIG BUSINESS LEADERS AS "ROBBER BARONS"? https://padlet.com/jutterback/lplh9ze7k47v/wish/191793280 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.]]> 2017-09-27 17:42:48 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191793280 (Andrew)WHY DO YOU THINK CARNEGIE BELIEVED THAT A MAN WHO DIES RICH IS "DISGRACED"? aheady8594 https://padlet.com/jutterback/lplh9ze7k47v/wish/191793674  
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.
]]> 2017-09-27 17:43:36 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191793674 (Alyssa) Why did so many people admire Carnegie? https://padlet.com/jutterback/lplh9ze7k47v/wish/191794061 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.]]> 2017-09-27 17:44:23 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191794061 kdeken7786 https://padlet.com/jutterback/lplh9ze7k47v/wish/191795003 2017-09-27 17:46:05 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191795003 (coda) social darwinism https://padlet.com/jutterback/lplh9ze7k47v/wish/191796923  
the theory that groups are subject to the same Darwinian laws of natural selection as plants and animals. 
]]> 2017-09-27 17:49:29 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191796923 (Aidan)HOW DID THE GOVERNMENT BEGIN TO DEAL WITH THEM IN THAT RESPECT? https://padlet.com/jutterback/lplh9ze7k47v/wish/191812644 the owner of the railroad companies made their money untouchable]]> 2017-09-27 18:14:29 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191812644 (Aidan)HOW DID THE GOVERNMENT BEGIN TO DEAL WITH THEM IN THAT RESPECT? https://padlet.com/jutterback/lplh9ze7k47v/wish/191812823 the owner of the railroad]]> 2017-09-27 18:14:46 UTC https://padlet.com/jutterback/lplh9ze7k47v/wish/191812823