BELLWORK Think back to yesterday’s notes on the Industrial Revolution: What were some characteristics of the Industrial Revolution? What is a nationwide.

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Presentation transcript:

BELLWORK Think back to yesterday’s notes on the Industrial Revolution: What were some characteristics of the Industrial Revolution? What is a nationwide business? Name an example. What was the spirit of people living during the Industrial age? THINKER: What are some characteristics of a successful business?

Big Businesses Today we are going to read about the tremendous growth in big businesses during the Industrial Revolution. While reading, answer the following questions in your notes. Use complete sentences!!! 1.How did large companies, like the Pennsylvania Railroad, operate their business? 2.What is a merger? 3.What is Horizontal integration? Vertical Integration? How are the two similar? Different?

Carnegie vs. Rockefeller As we have just read, Carnegie and Rockefeller were two of the world’s most successful businessmen. They used different methods to create their industrial giants. With a partner, you will create a Venn Diagram. One person will read about Andrew Carnegie and the other will read about John D. Rockefeller. After both people are finished, you will discuss the similarities. Be ready to talk about this as a class!!!

Rhode Island

North Carolina

Vermont New York

Big Business Assignment You are going to create your own “big business.” In your business plan, you must include: 1.Name of your company 2.Description of your business (what it does, goals, purpose, specialties, etc.) 3.It must be either a merger, horizontal or vertical integration. Explain how & why your company uses this method. 4.Drawing: either a logo or advertisement Remember: you are a BIG BUSINESS. You need huge profits and investments so make a good and convincing business plan!! This must be relevant to the Industrial Revolution!!! Whoever has the best or well-thought out business plan will receive extra credit! (I.E. you’re getting a good profit or investment from Ms. Bruggeman)

B’s Beauty Store At B’s Beauty store, we manufacture and sell women’s beauty products; including rouge, lipstick, combs, pins, and rollers. Not only do we specialize in creating our products, but we will also partake in a consultation to demonstrate which product will be the perfect fit for our customers. It is our goal to make women look as beautiful as possible for a reasonable price. Our products range from $.04-$.12 and we deliver all throughout the U.S.! Our company is so successful because we partake in vertical consolidation. This means we control all aspects of production, from the importation of materials, to manufacturing to selling. Everything you get from us is 100% made by us! Therefore; you should shop at B’s, we guarantee you will be pleased!