Chapter 5: Industrialization
Section 3: Big Business pp.194-199

Name____________________________

Main Idea:

The expansion of industry resulted in the growth of big business.

Objectives:

• Identify management and business strategies that contributed to the success of business tycoons such as Andrew Carnegie
• Summarize the emergence and growth of the unions
• Explain the violent reactions of industry and government to union strikes

vocabulary:

Andrew Carnegie


Verticle integration


Horizontal integration


John D. Rockefeller


corporation

stock

economiies of scale

pool


monopoly


trust


holding company

 

Questions:

1.What factors lead to the rise of big busines?

 

2. What techniques did corporation use to consolodate their industries?

 

Main Idea:

Why did the number of corporations increase in the late 1800s?

 

List the ways business leaders in the 1800s tried to eliminate competition?