Name: Sarah Hanna Date: 24, September 2019 Cornell NotesChapter 17 Page Numbers Reduce & then Recite-Create questions which elicit critical thinking, not 1 word answers-Write questions directly across from theanswers in your notes-Leave a space or draw a pencil line separating questionsYou may also want to use this area record the headings of each of the Record for Review -Write headings and key words in (you may want to use a different font color)-Take sufficient notes with selective (not too much verbiage) & accurate paraphrasing-Skip a line between ideas and topics-Use bulleted lists and abbreviations-Correctly sequence information Include diagrams or tables if needed for clarification or lengthWhy was there a rise in Big Business? What happened to prices as a result of industrialization? Why were prices lowered because of industrialization? What happened in the 1900’s in the US Factories? Homestead lockoutWhat was standard oil? 7.He’s utilizing predatory pricing to absorb his competitors, gain greater market control. I. Rise of Big Business A. Innovators in Enterprise 1. Production and Sales 1.Industrialization lowering prices because of large-scale manufacturing. Developing new technological producers, business efficiencies allowing a profit to be made. 2.Railroad companies initiating management revolutionthat creating a managerial hierarchy of responsibilities, departmentalizing operations function, improving accounting. 3.US became an industrial power largely tapping vast natural resources of North America, including minerals, lumber, raw materials in West. 4.Steam, electricity became chief energy workhorses, industries that once depending on waterpower began using prodigious amounts of coal. Kerosene replacingwhale oil, wood to produce lighting, heating. 5.1900, US factories, urban homes were converting to electric power. This transition had great economic, environmental significance. 6.Cattle dealer Gustavus Swift pioneering assembly lineto improve productivity, creating a new kind of enterprise- central processing to distribution.
Why was there a rise of trusts? What was vertical integration? How did it help control the production and sale of Oil? Why was there growing resentment toward large corporations?