The Rise of Big Business - Clovis Municipal Schools：大企业的兴起，克洛维斯市的学校.pptVIP

1. All living things have always competed for survival. Survival of the fittest. 2. All living things have evolved over millions of years as a result of genetic changes. 3. Some plants and animals developed traits that helped them survive. 1. Every human activity individuals compete for success. 2. The unfit or incompetent lose and the strong or competent win. 3. These winners make up a natural upper class. 4. Hard worked paid off, and lazy were inferior. Social Darwinism 2 Social Darwinism These are the first laws to regulate industry and big business. Congress passed Interstate Commerce Commission (ICC).? U.S. government regulated interstate trade within the country. End railroad corruption of charging high prices to ship goods and Rockefeller’s illegal deals. Rebates/kickbacks/drawbacks were illegal. In 1890, Congress passed a law which made trusts/monopolies illegal or any business that prevented fair competition. Interstate Commerce Act(1887) ShermanAntitrust Act(1890) To regulate means the US Government would make laws to oversee, adjust, fine tune and correct the unfair business tactics in industry and big business. Not take over or control it because that would violate laissez faire. * * * * * * * The Triumph of Industry The Rise of Big Business Corporations Develop Corporation- A number of people share the ownership of a business. If a corporation experiences economic problems, the investors lose no more money than what they had originally put into the business. Corporations access to large amounts of money, funded new technology, entered new industries and run large plants across the country. Gaining a Competitive Edge Corporations tried to maximize profits in several ways: Paying workers less wages Advertising products Gaining a Monopoloy Monopoly- Complete control of a product. Cartel- businesses making the same product would agree to limit their production and keep the prices high for that particular item. Trusts- Companie