Andrew Carnegie Lynn and Yeri. WHO Andrew Carnegie Family from Scotland: immigrated to U.S.

Slides:

Advertisements

Similar presentations

Section Questions - Page 199 #1-5

Advertisements

How did business change during the Industrial Revolution?

Man Made of Steel Emma Woods A presentation about the life of Andrew Carnegie.

Chapter 5 Section 3- An Age of Business

The Captains of Industry

The Growth of Big Business

The Growth of Big Business The Rise of Big Business.

Chapter 20, Section 2: The Rise of Big Business

Inventors and Innovators Part 2. 1.The _______ was the method of steel production that lowered the cost and made steel affordable to use. 2.______ was.

Industrialization of America

Andrew Carnegie By Rebecca Good. Early Life Carnegie was from Dunfermline, Scotland (a center of the growing linen industry) Born to William and Margaret.

“THE CAPTAIN OF INDUSTRY” ANDREW CARNEGIE Do your duty and a little more and the future will take care of itself – Andrew Carnegie Daniel Moreira Lisette.

Andrew Carnegie Notes to be placed in your note section of your notebook.

Big Business and Labor Ch 6, Sec 3. 1.Where was Andrew Carnegie originally from? Scotland He came to the U.S. in 1848, at age In 1873, Andrew Carnegie—having.

Robber Barons & Business in the Gilded Age

The Emergence of Big Business. Big Idea The expansion of industry in the North results in the growth of big business and the development of a new social.

“Robber Barons” or “Captains of Industry”

Warm-up In a paragraph, describe the concept behind the game of Monopoly.

Industry Packet Answer Key.

5.3 Big Business. I. The Rise of Big Business A.Following the Civil War, big businesses began to dominate the economy 1.Made possible by corporations.

Business Models STD Objective: Compare corporate policies, formation of companies, and regulations.

Big Business vs. The Working Class

Carnegie, Rockefeller, and Success.  America’s First Big Business  Railroads combine and corporations are formed (helped by the government)  Cornelius.

Ch 5 SECTION 2 – The Second Industrial Revolution

Cornelius Vanderbilt Vanderbilt built the railroads Majority of railway lines were owned by a few powerful men Offered secret deals to factories and industries.

Factors of Production Factors of Production Start on page 568 The period from the end of the Civil War and 1900 was an era of unmatched economic growth.

Chapter 20, Section 2 The Rise of Big Business What factors were responsible for the growth of huge steel empires after the Civil War? What benefits did.

Honors American History. Looking at the previous lesson, spend the next few minutes looking at the unions and discuss their impact on American society.

 In response to the changes in industry, a new type of business organization developed  corporation  A corporation is a large business company that.

Big Business Bell Ringer: When you hear the term “big business” what do you think of?

The Rise of Big Business

Industrialization Big Business. Learning Targets:  Know how fixed costs and operating costs effect economies of scale and how big businesses manipulated.

Big Business and Labor part I terms  Andrew Carnegie  Vertical and horizontal integration  Social Darwinism  John D. Rockefeller  Sherman Anti-trust.

09/02 Bellringer5+ sentences Andrew Carnegie made a fortune in the steel industry and went on to give a good deal of it away. In an 1889 speech entitled.

Robber Baron By: Kayla Gonzalez, Ashley Pomeroy, Sarah Layton, & Kyrstian Jordet.

The Rise of Big Business Main Idea: Corporations run by powerful business leaders became a dominant force in the American economy.

The Rise of BIG BUSINESS. 1 st Industrial Revolution (Pre-Civil War) Most business were family-owned Produced goods for local or regional markets.

Chapter 3 Lesson 3 THE RISE OF BIG BUSINESS Main idea:

Big Business Emerges 6, sec. 3.

Unit VI – A Growing America Chapter 19 Section 2 – Big Business Lecture Station.

Ch 4-2 pg.177 In 1856, Henry Bessemer developed a new process (the Bessemer process) to make stronger steel at a lower cost in England.

GRAB A BOOK P. 208 #2,3. Chapter 6 Section 2 Rise of Big Business.

Big Business and Labor Chapter 6.3. Big Business and Labor 6.3 Main Idea – The expanse of Industry resulted in the growth of big business and prompted.

Big Business in the Late 19 th Century Aim: Were big business leaders “robber barons” or “captains of industry”?

Chapter 17 – Industrial Supremacy. Sources of Industrial Growth.

Chapter 5: Industrialization Section 3: Big Business Pages

Independent Reading Time. Write a few sentences about what this cartoonist is trying to prove. Welcome to America.

Big Business Development of Basic American Industries- Corporations.

"ROBBER BARONS" OR "CAPTAINS OF INDUSTRY"?. Bellwork terms to define:  Robber Baron: an American capitalist who got rich at the expense of others, exploited.

Industrial Revolution Railroads -History  1860= 35,000 mi.  (most east of Miss. R.).  1900= 192,000 mi.

The Rise of Big Business. The Steel Empire New strategies for steel making including the Bessemer process made steel making both easier and cheaper. No.

Big Business. A. How to divide the money 1.Capitalism – Private business runs most of the industries and competition sets the prices. 2.Socialism – The.

The Free Enterprise System The Corporation Before the Civil War, most American businesses were owned by individuals or by a group of partners. After the.

Robber Barons and Captains of Industry These are terms to describe the powerful industrialists who established large businesses in the late 1800s.

Andrew Carnegie & Joseph Coors. Backgrounds Carnegie Born in Scotland Moved to Pennsylvania with his family when he was 13 Worked for Pennsylvania Railroad.

Bell Ringer Day 2 Industrialism and Immigration Bellringer In Canvas.

Section 5-3 Big Business.

Big Business 5-3.

14.3: “The Gilded Age”-Big Business

Robber Barons vs. Captains of Industry

Effects of Industrialization

Aim: Should the American tycoons of the late 1800s be remembered as “robber barons” or “captains of industry”?

The Rise of Big Business

Activator: Document A Source

UNIT #2 – INDUSTRIALIZATION LESSON #4 - Big Business ( )

Section 3 Big Business and Labor.

Chapter 6 Section 2 Rise of Big Business.

Robber Barons vs. Captains of Industry

America’s Industrial Revolution

Presentation transcript:

Andrew Carnegie Lynn and Yeri

WHO Andrew Carnegie Family from Scotland: immigrated to U.S.

WHEN & WHERE 1899 Pittsburgh: the place where Carnegie established the Carnegie Steel Company

WHAT Invested in the steel early on by buying stock Used the strategy of vertical integration (merging with companies that would supply him the raw materials for his steel factories) and became successful 1899: merged all his companies into Carnegie Steel Company 1901: sold his company to J.P.Morgan for $500 million.

WHAT GOSPEL OF WEALTH: Carnegie’s philosophy stating that the rich were morally obligated to manage their wealth to benefit fellow citizens →Donate more. Carnegie donated $350 million to charity

HOW Organized his company into a corporate and promoted the capitalist economy by buying/selling stocks in the steel market

WHY Believed in Free market (a.k.a. Free enterprise or a capitalist economy)

Why Significant? One of the most significant figures in the steel industry Good example of corporate strategies: vertical integration. These strategies are often used in modern day businesses as well. Promoted the donation culture in U.S.