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“The business of America is Business” - President Coolidge

“The business of America is Business” - President Coolidge. Big Business. I. The Industrial Revolution begins in America in the 1850s A. Factories mass produce products B. Corporations are formed 1. Corporations have the same legal protections as people.

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“The business of America is Business” - President Coolidge

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  1. “The business of America is Business”- President Coolidge

  2. Big Business • I. The Industrial Revolution begins in America in the 1850s • A. Factories mass produce products • B. Corporations are formed • 1. Corporations have the same legal protections as people. • 2. The people who own the corporation are not responsible for its actions • 3. Shareholders own percentages of the company (stock)

  3. II. The new corporations make the men who started them very wealthy. • A. Their wealth gives them power. Some are good, some are bad. • 1. Many are philanthropists • 2. They use ruthless tactics in business • B. They become known as “robber-barons” III. Liaise-faire becomes the rule of the day. A. Liaise-faire is when the government does not interfere in business B. Abuses eventually bring about reform

  4. IV Mass production the assembly line and interchangeable parts all speed up business and have a great social, economic and psychological impact

  5. V. Impact of the railroads • A. May 10, 1869 the first transcontinental railroad is completed at Promontory Point, Utah.

  6. B. By 1900 the U.S. has 200,000 miles of track, 1/3 of the World’s total • C. RR end Indian control of the west • D. RR connect the economies of east and west • E. RR shift thinking about environment and time • 1. Climate and topography are not as much of a concern • 2. Time Zones are created

  7. VI. Monopolies and Trusts • A. A monopoly is when there is no competition for a company • B. A trust is when a company owns most (or all) of the supply chain • Booksellers Settle Lawsuit Against Chains | Institute for Local Self-Reliance • Threatened with antitrust suit, 3M abandons sticky notes deal - CNN.com

  8. AT&T Defends T-Mobile Merger in Response to DOJ Lawsuit • ARTICLE DATE : September 9, 2011 • By Chloe Albanesius • Last Wednesday, the DOJ sued to block the $39 billion deal in a Washington, D.C. federal court, claiming that combining the two wireless companies will "substantially lessen competition" in the market. Ultimately, the agency wants the court to find that AT&T purchasing T-Mobile would violate U.S. antitrust laws and hand down a court order blocking the deal.

  9. http://bits.blogs.nytimes.com/2012/04/27/daily-report-u-s-escalates-google-antitrust-case/http://bits.blogs.nytimes.com/2012/04/27/daily-report-u-s-escalates-google-antitrust-case/ http://www.cnn.com/2012/09/04/justice/3m-antitrust/index.html

  10. VII. Advertising becomes a big part of business, driving a consumer society

  11. Campbell's Welcome - Condensed Soups - New Look • KOHLER PRO: HOME PAGE - SAP NetWeaver Portal • Congoleum Corporation • Leggs Pantyhose > Leggs Nylons, Leggs Hose, LeggsShapeWear, Leggs Shapers - Nothing Beats A Great Pair Of Leggs

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