Independent Reading Time

Write a few sentences about what this cartoonist is trying to prove. Welcome to America

Reminder *Class website =

Review People were migrating from the countryside to cities. People were immigrating from Europe to the United States. Push/Pull factors were the cause.

Notes Horizontal Integration = is a strategy where a company creates or acquires production units for outputs which are alike - either complementary or competitive. *One example would be when a company acquires competitors in the same industry doing the same stage of production for the creation of a monopoly.

Notes Vertical Integration = is where the supply chain of a company is owned by that company.

Standard Oil This company was J.D. Rockefeller’s oil company in the late 1800s/early 1900s. Rockefeller was worth $374 billion He had a monopoly that was refining over 90% of the world’s oil.

Notes Trust = another word for a really large business. Many times, people could own stock in a trust.

Assembly Line Henry Ford invented the assembly line in This allowed him to maximize production in his factories because work could be completed more quickly.

Activity for the Day *I want you to use this time to organize some of the key terms in your notes. *You should make an organized chart that will help you to compare and contrast. *You can also make flashcards writing the significance of each term on the back.

Key Terms! electricity telephone expansion of railroads mass production assembly line corporations horizontal integration vertical integration monopolies robber barons vs. captains of industry Andrew Carnegie John D. Rockefeller J. P. Morgan European immigrants of the late nineteenth century push and pull factors of immigration Ellis Island Industrialization Laissez-faire economics Free market economics Standard Oil Trusts

Quote of the Day