Warm Up 2/2 Define the following terms: Corporation Board of Directors Dividends Stock

Seluron Game Your task is to get the tennis ball from the last desk to the first desk in the row

Seluron How does this game make you feel? Was it fair? Unfair? Why was it unfair? If you want rules, what would the purpose of these rules be? How would the rules help the game?

What is the Sherman Anti Trust Act?

Sherman Anti-Trust Act Forbids “anti- competitive” behavior Passed by Congress in 1890 Attempts to prohibit trusts and monopolies

Sec. 1. Every contract, combination in the form of trust or other- wise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal. Every person who shall make any such contract or engage in any such combination or conspiracy, shall be deemed guilty of a misdemeanor, and, on conviction thereof, shall be punished by fine not exceeding five thousand dollars, or by imprisonment not exceeding one year, or by both said punishments, at the discretion of the court.

Positives and Negatives to Big Business From your notes on p , what are some positives and negatives to big business? Should it be regulated?

Negative Reaction to Big Business US—Free Enterprise System (companies are owned by private citizens and there is little government control of industry) Companies—compete to win customers by making the best product at the lowest price Trusts/Monopolies—eliminated the competition (no need for businesses to improve their products or lower prices) Big Businesses were too powerful—could influence politicians

Support for Big Business Yale Professor William Sumner— established the theory of Social Darwinism Social Darwinism—competition exists in society in which the strong survive and the weak die out (“survival of the fittest”) Captains of Industry—successful because they were the most fit for their professions Deserve the rewards of their hard work

Graffiti There are four political cartoons around the room Go to each of them and write 1-5 words about what the cartoon shows

QUIZIZZ!!