Big Business

Logan, Kennedi, Richard and Ravyn

Summary

The Rise of Big Business was one of the most important movements in United States history. Without this movement, the United States would not have become the industrial nation that it is today. Some of the more famous corporations of this era were manufactures of steel and oil. The Standard Oil Company was created by John D. Rockefeller and eventually owned 90% of oil companies in the United States, this led to the creation of monopolies. In addition to the production of oil was the production of steel. In 1875, Andrew Carnegie opened a steel mill in Pittsburgh. Eventually he owned all of the different businesses that the steel mill depended for its operation, rather than paying companies for coal, lime, and iron, this became known as vertical integration.

Andrew Carnegie. THE VERMONT SQUARE BRANCH LIBRARY: 40 YEARS OF HISTORY. Web. 15 Oct. 2013. <http://vermontsquare.blogspot.com/2010/04/city-librarians.html>.

Rau, William. The Edgar Thomson Steel Works. Explore PA History. Web. 15 Oct. 2013. <http://explorepahistory.com/displayimage.php?imgId=1-2-60B>.

John D Rockefeller Standard Oil Refinery Company. Rockefeller’s Standard Oil. Web. 15 Oct. 2013. <http://thinksquad.net/2011/01/03/rockefellers-standard-oil/>.

Standard Oil Co. Rockerfeller creates Standard Oil Co. . Web. 15 Oct. 2013. <http://www.historycentral.com/rec/StandardOilCo.html>.

5th Avenue NYC on Easter Sunday . The American City (1877-Present). Web. 15 Oct. 2013. <http://theamericancity1877topresent.blogspot.com/2013/02/new-york-city-1880s-to-1900s.html>.

Primary Document

The fat men are shaped like money bags. The money bags/men have different trusts of industries written on them. Above their heads is a sign that says "This is a Senate of the monopolist, by the monopolists and for the monopolists. This cartoon is saying that the Senate is run by money and if you own money then you are considered important and have a say in the government.

Are The Old Bosses Still in Charge? Smith Shina. Web. 15 Oct. 2013. <http://shinasmith.blogspot.com/2012/12/are-old-bosses-still-in-charge.html>.

Political Cartoon

He is crushing the eagle as a show of the big business crushing the ideology of the American people. Big businesses pushed away little cooperations and prices were raised.

The Public be Damned! International Team of Comics Historians . Web. 15 Oct. 2013. <http://superitch.com/?p=6991>.

Timeline

1859 - Edwin drake drilled the first oil well

1877 - Alexander Bell organized the Bell Telephone Company

1874 - Bell suggested the idea of the telephone to his assistant

1862 - Pacific Railway Act

1869 - The finish of the railroad joining the union pacific and the central pacific

1883 - Time zones were established

1872 - Credit Mobilier Scandal of America

1830 - Boom of Cooperations

1882 - First Trust

1887 - Interstate Commerce Act passed making the railroads the first subject to federal regulation

1869 - Knights of Labor was the largest and most important labor organizations. The knights promoted the social and cultural uplift of the workingman.It was never well organized soon lost a lot of members and became a small organization again

1877 - National Economic Recession

1892 - The Homestead Strike was the second largest and one of the most serious disputes in us labor history second only to the Battle of Blair Mountain.

1894 - Pullman Strike; The founder and president of Pullman Palace Car Company, George Pullman, treated his workers terribly. He made the clergy pay to rent the church. He gave heavy work loads and very little pay.

1862 - Homestead Act; Any adult citizen or intended citizen who have never bore arms against the us government could claim 160 acres of surveyed government land

1886 - Haymarket Square Riot; Outbreak of violence in Chicago. Demands for an 8 hour pay became increasingly widespread. 1,500 people got together for the riot. Four people were killed and 100 were wounded

Quiz

1.Who was Andrew Carnegie?

A. Monopolized the oil industry

B. A senator

C. Steel pioneer and Tycoon

2. Who was John D. Rockefeller?

A. Monopolized the Oil industry

B. Created the first corporation

C. Created the first chain store

3. What is a Corporation?

4. Trusts allowed someone to manage ___________________________.

5. What is a monopoly?

Answers

1. C

2. A

3. An organization owned by many people but is treated like a single person.

4. another person’s property

5. Means an entire company controls one market.

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