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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 Mrs. Baugh US History Pgs.319-323
VocabularyPut 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 • New incorporation laws
More Steps • Free-Enterprise • Advertising • New business practices
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.
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.
Impact of Rockefeller • Trusts • Holding companies
Andrew CarnegiePhotos from Wikipedia http://en.wikipedia.org/wiki/Carnegie_Hall http://en.wikipedia.org/wiki/Andrew_Carnegie
RockefellerPhotos from Wikipedia http://en.wikipedia.org/wiki/Rockefeller_Center http://en.wikipedia.org/wiki/John_D._Rockefeller
Check Your Notes • Are they formatted like mine?