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How to Secome a Successful Business Person!!!

what i learned today in history class is how to become very wealthy. people become wealthy by having a monopoly, a monopoly is contoling all businesses so that ur on top. also you can become wealthy by inventing something useful or something people like. another way to become wealthy is to create a business or find out what people need the most and sell it.

The Wealthiest Americans Ever

Rockefeller

 * Oil industry
 * Standard Oil Co. put competitors out of business
 * made $192 billion
 * 1839-1937
 * $550 million donated to charity
 * Bought all the oil barriels so other oil companies couldnt ship their oil.
 * Had a monopoly, he took control of the 22 out of the 26 oil copanies.
 * He controled almost 90% of the worlds oil by only the age of 40

Carnegie

 * Built a steel empire
 * proponent of "gospel of wealth"
 * made $75 billion
 * 1835-1919
 * $380 million donated to charity

Morgan

 * powerful financier in U.S.
 * electric and U.S. steel
 * saved government from gold crisis
 * shored up national bank duringthe panic of 1907
 * 1837-1913

Vanderbilt

 * ruthless steamboat enterpreneur
 * 1862 he started buying railroad lines
 * 1794-1877

__﻿Summary__
These four business men were born and had power over the business industry in the same time period.

This time period is called the Second Industrial Revolution- 1870-1920. it is called Industrial Revolution because it was development of industries throughout western eourpe and north america.

Inventions of the Second IR
Invention timeline

Stephen Dudley Fieldinvented the first electric street car in 1874. It was created in New York City, the car was a major change in urban transportation. The car was dangrous and ineffective.

=﻿CAPITALISM= Americas economic system- businesses compete against eachother.

Examples from todays world:
 * Coke competes with pepsi. coke is winning as of 2010. coke is #1 brand in the world. I think coke is winning because coke has better ads. and it taste way better.
 * Hp competes with apple. Hp is winning and is # 10 brand in the world. I think Hp is winning because they have good software might not be better than apple but still good and a lot more cheaper.
 * McDonalds competes with KFC. McDonald is winning and its #6 brand in the world. I think McDonalds is winning because they have more and better ads also they have a better slogan and more variety of food.
 * Toyota competes with Honda. Toyota is winning and is #11 brand in the world. I think toyota is winning because its an all around better and nicer looking brand of cars tehy also probably have more safty than a honda.
 * Blockbuster and Netflix are competeing and Netflix is winning because its more advanced and easier than Blockbuster because you can stream movies from internet or get movies mailed to you.



Parts of the Economy

 * Government- sets taxes
 * Costomers- pay for things which circulates money
 * Banks- loan people money
 * Businesses- compete for more power
 * Workers- work for businesses and they are also costomers

Workers-Pictures, and Qoutes



 * Macy workers going on strike.
 * They might be going on strike for low payment.
 * Poor management.


 * 7. "Join the union, girls, and together say Equal Pay for Equal Work.**
 * -Susan B. Anthony**
 * -Susan B. Anthony**


 * If you join the union you will get paid to how you work.
 * talking about if women join the union they will gert paid equaly to the men for the equal work they do.
 * wants women to be equal to men.



Working Conditions Video
Unions work to address these problems.^ They have worked for health care, 40 hour work week minimum wage, overtime paid, child labor law, paid leave... etc.
 * Railroad workers had the most dangerous job. (15,000 people killed between 1902-1908 working on railroads.)
 * Owners said that most accidents were the workers own faults.
 * There was a fire in the triangle clothes factory and all the exits were locked so many people died.
 * 1900-1910 more workers were needed so 9 million of immigrants came to america.
 * Thousands of workers died because the jobs were so dangerous.
 * 4,700 workers died building the Panama Canal.
 * There were no laws protecting workers.(ex: if workers went on strike they would get fired.)

Google Doc. On Unions
media type="custom" key="7182893"

Labor Day Video

 * Labor Day became a national holiday when workers put their job on the line and wen t on strike so they can have a day all to themselves.
 * Grover Cleveland sent in troops to stop the railroad workers strike and 2 workers ended up dying.
 * Cleveland signed a bill in 1894 to make Labor Day a national holiday to make workers happy.
 * today in factories they have robots that make work easier and the robots do the jobs people use to do back then.
 * In the early 1900s children were use for labor and they got paid a lot less.
 * They worked children as young as 8 years old.