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Presentation transcript:

Take out your project topic and wait for further instruction

Write a text message between John D. Rockefeller and Andrew Carnegie about what it is like to run a big business during the industrial period.

Review of Unit so far… What is an invention?

Review What is innovation?

Review Thomas Edison was famous for: helping make electricity more widely available inventing the telephone making steel

Review A business organized as a corporation is owned by: Miss G Stockholders The public Employees

Review What is a monopoly?

Review Rockefeller was a very successful business man. One of his business tactics was to buy out his competition. What is this practice called? Vertical integration Horizontal integration So what is vertical integration?

Review The license obtained to make, use or sell an invention is: Copyright Innovation Patent

Review This process led to the mass production of steel William Process Bessemer Process Pittsburgh Process

Andrew Carnegie

Poor immigrant from Scotland

Grew to become one of the wealthiest men in the world!

Philanthropist

Let’s learn a little more about Carnegie…

Was Andrew Carnegie a hero?

Things you’ve learned about big business owners 2 Things you already knew 1 Question you still have