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Big Business

Big Business. Mrs. Baugh US History Pgs.319-323. Vocabulary P ut these words and definitions in your Vocabulary Section. Corporations Stock Economies of Scale Pools Monopoly Trust Holding Company. Steps to Big Business. Formation of corporations Stock buying and selling

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Big Business

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  1. Big Business Mrs. Baugh US History Pgs.319-323

  2. VocabularyPut these words and definitions in your Vocabulary Section. • Corporations • Stock • Economies of Scale • Pools • Monopoly • Trust • Holding Company

  3. Steps to Big Business • Formation of corporations • Stock buying and selling • New incorporation laws

  4. More Steps • Free-Enterprise • Advertising • New business practices

  5. New Business Practices • Vertical Integration: used by Andrew Carnegie in the steel industry. He bought all the different businesses that his steel operation depended on to make his business more successful.

  6. New Business Practices (Cont.) • Horizontal Integration: used by John D. Rockefeller in the oil industry. Rockefeller began to buy all the other oil companies to take out the competition and make his more successful.

  7. Impact of Rockefeller • Trusts • Holding companies

  8. Andrew CarnegiePhotos from Wikipedia http://en.wikipedia.org/wiki/Carnegie_Hall http://en.wikipedia.org/wiki/Andrew_Carnegie

  9. RockefellerPhotos from Wikipedia http://en.wikipedia.org/wiki/Rockefeller_Center http://en.wikipedia.org/wiki/John_D._Rockefeller

  10. Check Your Notes • Are they formatted like mine?

  11. The End!!!!!!!!!!

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