1. Take the Millionaire Quiz

2. Pretend you are writing the directions to include in the game Monopoly.

3. vs Where will you buy your bike?
Defend both sides (I will not be offended) 

4. Advanced technology along with the use of oil and electricity helped American businesses grow. Soon the shape of the American economy changed. Some companies grew so large that they began to dominate entire industries.
Most towns had their own small factories to produce goods for local people…Along with the help of the railroad, big factories started to take over. They could mass produce things cheaper, so small factories began to close.

6. The steel industry started to prosper
The steel industry started to prosper. Steel was stronger and not likely to rust like other metals being used.
Used to create the new “skyscrapers”
It created smog and waste that was thrown into rivers
Pittsburgh = Steel Capital
**Andrew Carnegie

7. Corporations relied on banks to get money to start their investments.
Corporations, a business ran by investors, began growing. They would sell stocks, or portions of ownership in the business, and use the money to reinvest.
Stockholders provided money and hoped to receive dividends, shares of the corporations profits.
Corporations relied on banks to get money to start their investments.
**J.P Morgan

8. The abundance of varied natural resources helped the US expansion of industry.
Oil became a huge value and was turned to Kerosene for stoves and lamps.
Rockefeller started the Standard Oil Company and performed practices such as forcing railroads to give him rebates to strengthen his company.
**John D. Rockefeller
Soon, monopolies became a component of business.

9. Is this ruining free enterprise?
Free enterprise is when a business is owned by private citizens.
(To trust or not to trust)
What companies today do you think hold a monopoly on business?

10. Some states began passing laws to regulate business
Critics argued that changes were needed because trusts made it difficult for new companies to compete.
The Sherman Trust Act
very weak
Some states began passing laws to regulate business
corporations worked around them
Big Business Argued:
Corporations and trusts brought lower production costs, lower prices, higher wages and a better quality of life for the people. Competition creates inefficiency and waste.

11. Create a protest sign for a “big business” or the “small business.”
Who do you support?
Create a protest sign for a “big business” or the “small business.”

12. Homework - Research
Find out one new fact about each of the tycoons

13. Corporation – businesses that sell portions of ownership called stock shares
Dividends - profits
Monopoly – total ownership of a product or service
Vertical integration – ownership of businesses involved in each step of a manufacturing process
Horizontal integration - owning all businesses in a certain field
Trust – a legal arrangement grouping together a number of companies under a single board of directors
Social Darwinism – a view of society based on scientist Charles Darwin’s theory of natural selection

14. Corporation – businesses that sell portions of ownership called stock shares
Dividends - profits
Monopoly – total ownership of a product or service
Vertical integration – ownership of businesses involved in each step of a manufacturing process
Horizontal integration - owning all businesses in a certain field
Trust – a legal arrangement grouping together a number of companies under a single board of directors
Social Darwinism – a view of society based on scientist Charles Darwin’s theory of natural selection
Corporation horizontal integration dividends trust
Vertical integration Social Darwinism monopoly

15. Who are we talking about?
Business Trivia
Who are we talking about?

16. Review Biz Terms Bill Gates Home Depot Kentucky Fried Chicken Coke
5. Papa Johns 6. Chick Fillet 7. Levi’s 8. UPS

17. Create a Business