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Do Now: Match column A with column B –

Do Now: Match column A with column B – . Andrew Carnegie John D Rockefeller Thomas Edison Alexander Graham Bell Cornelius Vanderbilt Monopoly. Oil baron Invented the telephone Founded General Electric Made money in transportation and construction Steel industry

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Do Now: Match column A with column B –

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  1. Do Now: Match column A with column B – • Andrew Carnegie • John D Rockefeller • Thomas Edison • Alexander Graham Bell • Cornelius Vanderbilt • Monopoly • Oil baron • Invented the telephone • Founded General Electric • Made money in transportation and construction • Steel industry • When a person or company controls all aspects of a market

  2. Big Business

  3. Assembly line ASSEMBLY LINE - Process in which parts are added to a product in sequential order using optimally planned logistics to create a finished product much faster than with handcrafting-type methods INTERCHANGEABLE PARTS – parts that are essentially identical which makes for easy assembly and repair (the candy) http://www.history.com/videos/history-of-the-holidays-the-story-of-labor-day#history-of-the-holidays-the-story-of-labor-day

  4. Henry Ford http://www.history.com/shows/america-the-story-of-us/videos/henry-ford-and-the-model-t#henry-ford-and-the-model-t

  5. Henry Ford • Innovated “mass production” • Division of labor • Use of unskilled labor • Interchangeable parts • Assembly lines • Known for treating employers better than most • The Model T car

  6. Big Business Recap One of the founders of US Steel Andrew Carnegie

  7. Big Business Recap • Made fortune through transportation and building • Vanderbilt

  8. Big Business Recap First billionaire in the world Created a monopoly by controlling all aspects of oil production and distribution John D Rockefeller

  9. Student Activity • Create an assembly line to create seasonal product (pot at the end of the rainbow) • Each row represents an assembly line • You will have 5 minutes to plan your logistical strategy with your factory workers • Each time an item drops off of you desk, it constitutes an “accident” and you have a ten second delay

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