andrew carnegie john d rockefeller thomas edison alexander graham bell cornelius vanderbilt ...
TRANSCRIPT
Do Now: Match column A with column B –
Andrew Carnegie John D Rockefeller Thomas Edison Alexander Graham
Bell Cornelius
Vanderbilt Monopoly
Oil baron Invented the
telephone Founded General
Electric Made money in
transportation and construction
Steel industry When a person or
company controls all aspects of a market
Big Business
Assembly line
http://www.history.com/videos/history-of-the-holidays-the-story-of-labor-day#history-of-the-holidays-the-story-of-labor-day
ASSEMBLY LINE - Process in which parts are added to a product in sequential order using optimally planned logistics to create a finished product much faster than with handcrafting-type methods
INTERCHANGEABLE PARTS – parts that are essentially identical which makes for easy assembly and repair (the candy)
Henry Ford
http://www.history.com/shows/america-the-story-of-us/videos/henry-ford-and-the-model-t#henry-ford-and-the-model-t
Henry Ford Innovated “mass
production”• Division of labor• Use of unskilled
labor• Interchangeable
parts• Assembly lines
Known for treating employers better than most
The Model T car
Big Business RecapOne of the founders
of US Steel
Andrew Carnegie
Big Business Recap Made fortune
through transportation and building
Vanderbilt
Big Business Recap
First billionaire in the world
Created a monopoly by controlling all aspects of oil production and distribution
John D Rockefeller
Student Activity Create an assembly
line to create seasonal product (pot at the end of the rainbow)
Each row represents an assembly line
You will have 5 minutes to plan your logistical strategy with your factory workers
Each time an item drops off of you desk, it constitutes an “accident” and you have a ten second delay