1 / 66

Business Find Loopholes

Business Find Loopholes. Vertical Integration – owns all businesses for which it depends on Carnegie needed – iron, limestone, coal, ships and trains – He bought them all

marty
Download Presentation

Business Find Loopholes

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Business Find Loopholes • Vertical Integration – owns all businesses for which it depends on • Carnegie needed – iron, limestone, coal, ships and trains – He bought them all • Horizontal integration – buyout competing companies , particularly w/ OIL refineries -buy out an entire market - monopoly -US passed laws to make it illegal • Holding Companies – does not produce anything -owns stocks of companies that do -essentially merging

  2. U. S. Corporate Mergers

  3. Bell Ringer 8/29 • Explain the concepts of vertical integration and horizontal integration. List a historical figure for each business practice.

  4. New Financial Businessman The Broker: • J. Pierpont Morgan

  5. Wall Street – 1867 & 1900

  6. The Reorganization of Work Frederick W. Taylor The Principles of Scientific Management (1911)

  7. The Reorganization of Work The Assembly Line

  8. % of Billionaires in 1900

  9. % of Billionaires in 1918

  10. The Protectors of Our Industries

  11. The ‘Robber Barons’ of the Past

  12. Cornelius [“Commodore”] Vanderbilt Can’t I do what I want with my money?

  13. William Vanderbilt • The public be damned! • What do I care about the law? H’aint I got the power?

  14. The Gospel of Wealth:Religion in the Era of Industrialization • Wealth no longer looked upon as bad. • Viewed as a sign of God’s approval. • Christian duty to accumulate wealth. • Should not help the poor. Russell H. Conwell

  15. “On Wealth” • The Anglo-Saxon race is superior. • “Gospel of Wealth” (1901). • Inequality is inevitable and good. • Wealthy should act as “trustees” for their “poorer brethren.” Andrew Carnegie

  16. Regulating the Trusts 1877 Munn. v. IL 1886 Wabash, St. Louis & Pacific Railroad Company v. IL 1890 Sherman Antitrust Act • in “restraint of trade” • “rule of reason” loophole 1895 US v. E. C. Knight Co.

  17. Bell Ringer 9/3/2013 What is this political cartoon depicting?

  18. Worker’s wages rose 50% from 1860 to 1890 • Still only 22cents/hour • 59 hours/week • Deflation - rise in the value of money • Causes prices to fall • Buying power goes up Labor and UnionsDuring Industrialization

  19. Labor Unions • Trade unions – craft workers • Approx. 32 nat’l TU’s by 1873 • Industrial Unions- factory unions • Business’s hated unions

  20. Activity: Observe the following photographs and identify the different impacts industrialization on labor. While viewing each photograph think about the following: • Who is doing the work? • What are the hazards? • What type of work are they doing? Would they need training? (skilled vs. unskilled) • Think about these questions when you are looking at the pictures! • What was it like to live during this time period?

  21. Working Conditions- What do you see?

  22. Every year approximately 200 miners per mine died. Here is an example of a cemetery where the industry that may have put them there in the background.

  23. A group of miners pose for a picture……. 2000 feet underground!!!!! That is almost ½ of a mile!

  24. 3 miners waiting to use the primitive elevator to lower them into the mining shaft for a days work!

  25. How is Big Business treating its workers according to the picture?

  26. Children stand on the machine while it is in motion!!!!

  27. Here is a SIX year old girl working in a cotton mill

  28. Look carefully, what is missing?

  29. Daydreaming……. What is she thinking about?

  30. A candle would be placed into his hat to provide light while working in the mines! What occupational (job) hazards can you find in this picture?

  31. The taller boy standing to the right oversees the breaker boys who separate the coal from the stones during mining. The machine used is moving quickly and they are not allowed to wear gloves! Why might this be dangerous?

  32. Women in the Workplace

  33. Mom and children working together in the seafood industry!

  34. Women sewing in a garment factory.

  35. Women canning fruits in order to preserve them!

  36. Workers put spokes on the wheels of a future car.

  37. Finished Product!- A car roles off of the end of an assembly line!

  38. Urbanization, Growth of Cities and Living Conditions- What do you see?

  39. Tenement- House Slums- very crowded housing for workers and families during industrialization. Cities were covered with this kind of housing!

  40. Inside a tenement house!

  41. Another view of a tenement housing complex!

  42. The American Federation of Labor (AFL) • founded by Samuel Gompers • made up of skilled workers who had belonged to national trade unions • gain better working conditions • higher pay & shorter hours • favored the use of strikes • 1900 AFL = leading union in the US

  43. THE GREAT RAILROAD STRIKE OF 1877 The great Railroad Strike of 1877 began on July 16, when railroad workers for the Baltimore and Ohio Railroad staged a spontaneous strike after yet another wage cut. After President Rutherford Hayes sent federal troops to West Virginia to save the nation from “insurrection,” the strike spread across the nation. A picture of burned railroad cars during the mass strike

  44. Management vs. Labor “Tools” of Management “Tools” of Labor • “scabs” • P. R. campaign • Pinkertons • lockout • blacklisting • yellow-dog contracts • court injunctions • open shop • boycotts • sympathy demonstrations • informational picketing • closed shops • organized strikes • “wildcat” strikes

  45. A Striker Confronts a SCAB!

More Related