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TRANSCRIPT
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Warm Up 3/121st & 3rd Period
Take out your project topic and wait for further
instruction
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Warm Up 4th Period
Write a text message between John D. Rockefeller and Andrew Carnegie
about what it is like to run a big business during the industrial
period.
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Review of Unit so far…What is an invention?
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ReviewWhat is innovation?
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ReviewThomas Edison was famous for:
helping make electricity more widely availableinventing the telephonemaking steel
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ReviewA business organized as a corporation is
owned by:Miss GStockholdersThe publicEmployees
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ReviewWhat is a monopoly?
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ReviewRockefeller was a very successful business
man. One of his business tactics was to buy out his competition. What is this practice called?Vertical integrationHorizontal integration
So what is vertical integration?
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ReviewThe license obtained to make, use or sell an
invention is:CopyrightInnovationPatent
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ReviewThis process led to the mass production of
steelWilliam ProcessBessemer ProcessPittsburgh Process
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Andrew Carnegie
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Poor immigrant from Scotland
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Grew to become one of the wealthiest men in the world!
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Philanthropist
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Let’s learn a little more about Carnegie…
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Was Andrew Carnegie a hero?
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Closer3-2-1
3 Things you’ve learned about big business owners
2 Things you already knew1 Question you still have