Big Business

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Big Business
This power has been abused, in monopoly of
National resources, in stock watering, in unfair
competition and unfair privileges, and finally in
sinister influences on the public agencies of
Nation and Nation. - T. Roosevelt

• Carter Lathrop
• Matt Circle
• Andrea Goodman

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What is a Monopoly?

• A monopoly is a business that is the sole
  manufacturer of a product or be able to dominate
  a particular industry because it could produce so
  much more of a product than its competitors.
• - Ohio History Central

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Monopolies Need Reform

• Andrew Carnegie
• Steel Tycoon
• Bought out competition
• Owned his resources
• 1899 - Made more steel
• than all of Great Britain

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Monopolies Need Reform

• John D. Rockefeller
• Oil Tycoon
• Joined competition
• with trust agreements
• 1910- net worth 2.5
• of US economy
• Drove out businesses

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Why is Reform Necessary?

• Low Fees
• lt 1 for working 12 hour day
• Bankruptcy
• Labor Unions
• Capitalism

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Supporters of Reform

• Farmers
• Laborers
• Labor Unions
• American citizens in general

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Proposals for Reform

• Anti-trust federation - prohibit single companies
  from dominating the marketplace
• Reform groups - assist the working class in
  dealing with industrialist
• Federal Government - implementing legislation

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Benefits of Reform

• Improve living conditions
• More jobs
• Cheaper transport
• Cheaper goods
• More room for Economic Growth