1. Warm- Up: Analyze this graphic: 1) Use the graphic below to explain (in your own words) what you think vertical & horizontal integration is

2. WRITE in your Notebooks (left Side)
CHOOSE 3 of the following to identify and describe: (What is it-why is it important to this unit of study--3 sentences… each)
Laissez Faire economics
3 Reasons U.S. was able to industrialize
Union and Central Pacific
Chinese and Irish Immigrants
3 important inventions

3. Money Money Money Money!
Big Business Baby!
Money Money Money Money!

4. Who was Andrew Carnegie?
Self-made millionaire
(estimated net worth in today's dollars = up to $297 Billion)
Developed method for creating steel cheaply
Owned US Steel based in Pittsburgh (Steelers)
Utilized method of vertical integration

5. What is Vertical Integration?
Company owns every aspect of its business needed to operate.
Turn and Talk: Try to create a list of everything McDonald’s would need to own to be vertically integrated

6. Let’s take another look

8. Who was J.D. Rockefeller Self-made billionaire (world’s first)
(estimated net worth today: up to 663 billion – wealthiest person EVER)
Oil tycoon
Used a method called horizontal integration to amass his fortune
Creates a monopoly known as Standard Oil

9. What is Horizontal Integration?
Company buys competing businesses
Turn and Talk: Try to create a list of everything McDonald’s would need to own to be horizontally integrated

10. Let’s take another look

11. Turn and Talk: Analyze this primary source 1) What images do you see in this cartoon 2) What is the artist trying to say

12. Key Terms on Businesses
Trust: legal arrangement that allows one person to manage another person’s company—in business this was done through controlling stock shares
Holding Companies: control stock of other companies; not the company itself
Monopoly: Controlling the majority of a particular business sector or type

13. COFFEE SHOP CHATS: “HI I AM…”
Read and learn
Choose an INTERESTING TOPIC; try to talk about yourself in the conversation. Consider this a big business brag session.
PLAN A CONVERSATION. Every sentence you say has to start with “Hi I Am…”
SHARE YOUR CONVERSATION