BELLWORKBELLWORKThink back to yesterday’s notes on the Think back to yesterday’s notes on the Industrial Revolution:Industrial Revolution:What were some characteristics of the What were some characteristics of the Industrial Revolution?Industrial Revolution?What is a nationwide business? Name an What is a nationwide business? Name an example.example.What was the spirit of people living during What was the spirit of people living during the Industrial age?the Industrial age?THINKER: What are some characteristics THINKER: What are some characteristics of a successful business? of a successful business?

Big BusinessesBig BusinessesToday we are going to read about the Today we are going to read about the tremendous growth in big businesses during the tremendous growth in big businesses during the Industrial Revolution.Industrial Revolution.

While reading, answer the following questions in While reading, answer the following questions in your notes.your notes.

Use complete sentences!!! Use complete sentences!!!

1.1. How did large companies, like the Pennsylvania How did large companies, like the Pennsylvania Railroad, operate their business?Railroad, operate their business?

2.2. What is a What is a merger?merger?

3.3. What is What is Horizontal integration? Vertical Horizontal integration? Vertical Integration?Integration? How are the two similar? Different? How are the two similar? Different?

Carnegie vs. RockefellerCarnegie vs. RockefellerAs we have just read, Carnegie and Rockefeller As we have just read, Carnegie and Rockefeller were two of the world’s most successful were two of the world’s most successful businessmen.businessmen.They used different methods to create their They used different methods to create their industrial giants.industrial giants.With a partner, you will create a Venn Diagram.With a partner, you will create a Venn Diagram.One person will read about Andrew Carnegie One person will read about Andrew Carnegie and the other will read about John D. and the other will read about John D. Rockefeller. Rockefeller. After both people are finished, you will discuss After both people are finished, you will discuss the similarities.the similarities.Be ready to talk about this as a class!!!Be ready to talk about this as a class!!!

Rhode Island

North Carolina

Vermont

New York

Big Business AssignmentBig Business AssignmentYou are going to create your own “big business.” You are going to create your own “big business.” In your business plan, you must include:In your business plan, you must include:

1.1. Name of your companyName of your company2.2. Description of your business (what it does, goals, purpose, Description of your business (what it does, goals, purpose,

specialties, etc.)specialties, etc.)3.3. It must be either a merger, horizontal or vertical integration. It must be either a merger, horizontal or vertical integration.

Explain how & why your company uses this method.Explain how & why your company uses this method.4.4. Drawing: either a logo or advertisementDrawing: either a logo or advertisement

Remember: you are a BIG BUSINESS. You need huge profits Remember: you are a BIG BUSINESS. You need huge profits and investments so make a good and convincing business and investments so make a good and convincing business plan!!plan!!This must be relevant to the Industrial Revolution!!!This must be relevant to the Industrial Revolution!!!Whoever has the best or well-thought out business plan will Whoever has the best or well-thought out business plan will receive extra credit! (I.E. you’re getting a good profit or receive extra credit! (I.E. you’re getting a good profit or investment from Ms. Bruggeman)investment from Ms. Bruggeman)

B’s Beauty StoreB’s Beauty StoreAt B’s Beauty store, we manufacture and sell women’s beauty At B’s Beauty store, we manufacture and sell women’s beauty

products; including rouge, lipstick, combs, pins, and rollers. products; including rouge, lipstick, combs, pins, and rollers. Not only do we specialize in creating our products, but we Not only do we specialize in creating our products, but we will also partake in a consultation to demonstrate which will also partake in a consultation to demonstrate which product will be the perfect fit for our customers. It is our goal product will be the perfect fit for our customers. It is our goal to make women look as beautiful as possible for a to make women look as beautiful as possible for a reasonable price. Our products range from $.04-$.12 and we reasonable price. Our products range from $.04-$.12 and we deliver all throughout the U.S.! deliver all throughout the U.S.!

Our company is so successful because we partake in vertical Our company is so successful because we partake in vertical consolidation. This means we control all aspects of consolidation. This means we control all aspects of production, from the importation of materials, to production, from the importation of materials, to manufacturing to selling. Everything you get from us is 100% manufacturing to selling. Everything you get from us is 100% made by us! Therefore; you should shop at B’s, we made by us! Therefore; you should shop at B’s, we guarantee you will be pleased! guarantee you will be pleased!