big business in the early 20th century
DESCRIPTION
Big Business in the early 20th century. Rockefeller, Vanderbilt, Carnegie and J.P Morgan. Cornelius Vanderbilt. Cornelius Vanderbilt. Cornelius Vanderbilt. Railroad baron - 1870’s. Bought up RR lines. Forced smaller RR owners to sell to him. Owned most lines between NY and Chicago. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/1.jpg)
Big Businessin the early 20th century
Big Businessin the early 20th century
Rockefeller, Rockefeller, Vanderbilt, Carnegie Vanderbilt, Carnegie and J.P Morganand J.P Morgan
Rockefeller, Rockefeller, Vanderbilt, Carnegie Vanderbilt, Carnegie and J.P Morganand J.P Morgan
![Page 2: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/2.jpg)
Cornelius Vanderbilt
![Page 3: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/3.jpg)
Cornelius Vanderbilt
![Page 4: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/4.jpg)
Cornelius Vanderbilt
• Railroad baron - 1870’s
•Bought up RR lines
•Forced smaller RR owners to sell to him
•Owned most lines between NY and Chicago
![Page 5: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/5.jpg)
Cornelius Vanderbilt
• What advantages did he create for his business?
•Was it legal?
•What is is called when one companyowns, runs all of the parts of anindustry
![Page 6: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/6.jpg)
John D. Rockefeller
![Page 7: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/7.jpg)
John D. Rockefeller
![Page 8: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/8.jpg)
John D. Rockefeller
![Page 9: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/9.jpg)
John D. Rockefeller
• oil baron - 1880’s & 90’s
•Bought up oil refineries
•Realized U.S. would become dependent on oil
•Largest, most powerful oil company - Standard Oil
![Page 10: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/10.jpg)
John D. Rockefeller
• What are some of the oil companies today?
•What would happen if there were only one company?
•What do we call it when prices increase,value of money decreases
![Page 11: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/11.jpg)
Andrew Carnegie
![Page 12: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/12.jpg)
Andrew CarnegieAndrew Carnegie
![Page 13: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/13.jpg)
Andrew Carnegie
• steel baron - 1890’s
•Bought up iron mines, steel mills, RR and steamship lines, warehouses
•Vertical integration - controlling all phases of an industry - from raw material to finished product
![Page 14: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/14.jpg)
Andrew Carnegie
• What is the advantage of vertical integration?
![Page 15: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/15.jpg)
J. P. Morgan
![Page 16: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/16.jpg)
J. P. Morgan
![Page 17: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/17.jpg)
J. P. Morgan
• banking baron - 1890’s
• Controlled banks, corporations
• Would buy up shares in struggling companies and then take over
• By 1890’s owned most of the steel, rail companies
![Page 18: Big Business in the early 20th century](https://reader036.vdocument.in/reader036/viewer/2022081513/56812a56550346895d8dace2/html5/thumbnails/18.jpg)
PHILANTHROPY Have you ever heard of any present-day
institutions which have the name
• Vanderbilt?• Carnegie?• Rockefeller?• Morgan?