Factory Simulation Reflection Assembly Line Production.
Transcript of Factory Simulation Reflection Assembly Line Production.
Reflection1. List 5 words that describe the process for
creating your first portrait – Individual Production.
2. List 5 words that describe the production of the 2nd portrait – assembly line production.
3. What are the Pros and Cons of:a. Individual Production
b. Assembly Line Production
Rockefeller 90% of oil refining businessPaid low wagesDropped prices to drive others out of businessBought out bankrupt competitors, then hiked up prices
Carnegie's GreedWanted to control entire steel industryBought out all suppliers
controlled materials & transportation
control over quantity and quality
Carnegie’s Mgt.
Attracted talented peopleOffered stockEncouraged competition between employees to increase production
Social DarwinismBiological EvolutionSome species flourish and pass traits onto others(the fittest) and some don’t
Natural selectionThe weak are weeded out and the strong survive
Monopolies2 types of monopoliesVertical Monopoly- owns all parts
and supplies needed for production (ex: Carnegie purchasing steel, coal & Railroads)
Horizontal Monopoly – own all competitors or like producers (ex: Rockefeller owning virtually all oil production)
Problem MonopoliesHow many of you have ever played monopolyHow do you win?How does it feel to lose?Real life example- MicrosoftPositives?Negatives?
The Government Takes A Stand
Govt. says monopolies are no longer allowedSherman Anti Trust ActAny attempt to interfere with free trade by forming a trust was illegal