Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

MONOPOLY

ch.17 apush project
by

Nicole Zhu

on 5 June 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of MONOPOLY

MONOPOLY
Industrial America experienced great change with the emergence of monopolies, through the use of vertical and horizontal integration.

Effects of Monopolies
POLITICAL INFLUENCES
Definition:
ANDREW CARNEGIE
JOHN F. ROCKEFELLER
HORIZONTAL INTEGRATION (n):
ANDREW CARNEGIE & J. P. MORGAN
JOHN F. ROCKEFELLER
ECONOMIC INEQUALITY
1% of families controlled 88% of the nation's assets
Wealthy upper class was targeted by lower classes
Economic schism increased with time--10 million people live under poverty line
Effects of Monopoly
Effects of Monopoly
People blamed monopoly for creating artificially high prices and a highly unstable economy
SOCIAL IMPACT
No competition=no choice but pay high prices
Ex: Railroads charged outrageously high rates
Definition:
The exclusive control by company or group over a commodity or trade
Taking over all the different businesses on which a company relies for its primary function
Company began as steel producer
Built his own barrel factories, terminal warehouses, and pipelines
Standard Oil owned its own freight cars and developed its own marketing organization
Taking over businesses that operate in the same trade as parent company
Carnegie sold company to JP Morgan
Morgan merged Carnegie interests with others to create the giant United States Steel Corporation
Allied himself with wealthy capitalists to buy out competitors
Acquired refineries in Cleveland, Pennsylvania, New York, and Maryland
Eventually acquired steel mills, mines, railroads, and other enterprises
MONOPOLY (n):
Industrialists financed politicians in return support
Many politicians demanded bribes and blackmailed businessmen
VERTICAL INTEGRATION (n):
Created By:
Katherine Li
Brenda Wong
Nicole Zhu

Mr. Stemmler, A1
Definition:
VERTICAL INTEGRATION
VERTICAL INTEGRATION
HORIZONTAL INTEGRATION
HORIZONTAL INTEGRATION
hey
there ;)
let's get
together :*
Full transcript