4. Bill Gates

5. Rockefeller

6. ENRON

7. Examining Monopolies & The Impact of Historical Anti-Trust EDSE 420 – Mr. Peeler

8. OBJECTIVES To Explore the role and benefits of competition in capitalists societies To Define monopolies To Compare & contrast monopolies & trusts

9. VOCABULARY

10. Capitalism Basic production Facilities and capital privately owned Economic activity is organized and coordinated through buyers and sellers Owners of land and capital are free to pursue their own self interests in seeking maximum gain

11. Monopoly Economic situation in which only a single seller or producer supplies a commodity Seller controls the price More freedom to adjust both price and production Results in a smaller output of goods Price Discrimination

12. Trusts Corporate monopolies organized to eliminate competition in an area of business and control the market for a product Legal arrangement in which the voting of stockholders assemble under the direction of a board of trustees Permits trustees to create a single firm out of competing firms

13. Anti-Trust Violaters Standard Oil AlCOa

14. What Have I learned? What are the benefits of competition? What are the economic benefits of competition as in a capitalist society? Why do capitalist economies require competition? Is capitalism a good or bad economic system? Why?

15. Online Research Find a company charged with monopolization of their industries In what year was the company prosecuted? What was the commodity or service? What was the verdict? What is your opinion of the verdict?