1. American Industrial Tycoons
John D. Rockefeller and the Standard Oil Trust

2. John D. Rockefeller,
Standard Oil Co.'s No. 1 Refinery in Cleveland when the city was the center of the world petroleum industry, 1889.

3. John D. Rockefeller
John D. Rockefeller (with the cane) became one of the world’s richest men by creating a MONOPOLY of the oil industry.

4. Monopolies dominate the market
Standard Oil Trust
Standard Oil Trust
Standard Oil Trust
Other Oil Companies
Standard Oil Trust
Standard Oil Trust
By 1890, Standard Oil of Ohio controlled over 90% of America’s oil supply, production and sales…..that’s a monopoly!!!

5. Horizontal Integration
Standard Oil of Ohio
Standard Oil buys or drives competing oil companies out of business
Schenck Oil Company
Sheppard Oil Company
Gunter Oil Company
Kinzel Oil Company

6. American Industrial Tycoons
Andrew Carnegie of
U.S. Steel

7. Andrew Carnegie,
An immigrant from Scotland, Carnegie’s U.S. Steel Company grows into the largest steel producer in the world

8. A Bessemer Steel Converter
This new way of producing steel allowed Carnegie to make high quality, inexpensive steel

9. Carnegie’s First Steel Plant
On the Monongahela River in Braddock, Pa., Andrew Carnegie's first major steel mill opened on August 22, 1875.

10. Vertical Integration U.S. Steel
Owning companies that supply needed materials to your primary company
Carnegie’s Steel Company
Schenck Iron Mines
Gunter Railroad Company
Pittsburg Power Company
U.S. Steel
Kinzel Coal Mine Company
Barbour Iron Mines

11. American Industrial Tycoons
Henry Ford, a Genius of Manufacturing

12. Henry Ford's first production car was aptly name the quadricycle.
Henry Ford, Automaker
Henry Ford's first production car was aptly name the quadricycle.

13. Henry Ford, Automaker
This is Henry Ford with one of his early models.  Not a lot of passenger space is there?

14. Ford’s Model T
This is the automobile that put the average American on the road.  Notice the color.  Henry Ford had a famous quote..."People can have any color that they want...as long as it is black. 

15. Ford’s Plan of Making Inexpensive and Reliable Automobiles
Worker Specialization
The Assembly Line
Standard Sized Parts
Simple Cars Everyone Can Afford
Pay workers well….they are happy!

16. Worker Specialization
Workers only perform a few tasks….they become really good at it!!!
Worker 1
Worker 2
Worker 3
Worker 4
Puts tires on wheel, inflates tire
Attaches brakes to axle
Greases axle, tightens axle bolts
Puts wheels on left side of car, tightens wheels

17. The Assembly Line Phase 1 Phase 2 Phase 3
Motor and transmission are bolted onto chassis
Body is assembled and painted
Body is lowered onto chassis
Car moves to the worker on a slow moving manufacturing line