Monday, March 8, 2010

March 8, 2010

Bell Ringer
-Andrew Carnegie may feel one who dies rich is disgraced because it shows they are selfish when
they bring wealth with them to the grave.
Inventors and Big Business Review

Directions: Under each complete the phrase, answer the question, fill in the blank, or define the definition.

Describe inventions of Edison and their effect on US:

Without Edison’s inventions, many of the things that we consider necessities today would not be in existence.

Describe inventions of other such as Bell, Bessemer, and Marconi:

Alexander Graham Bell invented the telephone, Guglielmo Marconi invented the telegraph which led to the radio, Bessemer developed steel which lead to bridges, and skyscrapers.

Describe how big business tried to maximize profit:

They created group ownerships called corporations, decreased workers pay, paying minimum for raw materials, high scale advertisement, and formed monopolies.

Describe how Rockefeller and Carnegie changed big business in the US:

Rockefeller used horizontal integration to maximize profits and created a trust, Carnegie did the same.

Describe how the gov regulated big business:
Congress began investigating unfairness in the railroad industry, and passed the Sherman Antitrust act which prohibited any trust that acts in restraint of commerce.

Exit Ticket
I learned what a monopoly is, what Rockefeller did to become famous, and about how some laws came into plays.

1 comment:

  1. Post shows a depth of understanding of the topic. Answers to questions are complete and in depth. 5/5
    Student used their class time wisely to post as many of their assignments as possible. Assignment shows the necessary Bell Ringer, Exit Ticket, Completed Review, and Long Term Progress 5/5

    ReplyDelete