For homework last night, the students read pages 176-181 about the RISE OF BIG BUSINESS. Today in class we came up with the important facts from the informational text to help us learn the specifics of BIG BUSINESS.
The Rise of Big Business during the Industrial Revolution
p.176-181
Steel
Andrew Carnegie used the Bessemer Process to produce steel at the lowest possible cost. He CONTROLLED the steel industry.
Oil
John D. Rockefeller controlled the oil industry.
Monopoly
Company that has control of an entire industry
Free Enterprise
People are free to start their own business and own their own property.
RESOURCES:
Natural Resources - found in nature
Human Resources- people who work to produce goods and services
Capital Resources- tools and machines that companies use to produce goods and services
No comments:
Post a Comment