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Personal Response Directions: Do not write directions or the discussion prompt. Think about a...
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Transcript of Personal Response Directions: Do not write directions or the discussion prompt. Think about a...
Personal ResponseDirections: Do not write directions or the discussion prompt. Think about a response to the following questions and participate in the
discussion.
• What are the pros and cons regarding one company’s ownership of all parts of an industry? How would single ownership of an industry effect consumers, corporate shareholders and governmental policies?
History Alive! Pursuing American Ideals
Chapter 13 Key Terms
The Age of Innovation and Industry
Chapter 13 Focus Question
Was the rise of industry good for the United States?
Capitalism
• Definition:– An economic system
in which factories, and other means of production are privately owned rather than government controlled.
Laissez-Faire
• Definition:– The idea that the free
market, through supply and demand, will regulate itself if government does not interfere.
– Free Market
Horizontal Integration
• Definition:– A corporate expansion
strategy.– Involves joining
together as many firms from the same industry as possible.
John D. Rockefeller’s Standard Oil
Vertical Integration
• Definition: – Corporate expansion
strategy– Control of each step in
the production and distribution of a product.
• Acquiring raw materials to manufacturing, packaging, and shipping.
Time Warner
Internet
Movies
Cable Providers
Movies Television
Publishing
Cartoon Network Turner Network Television (TNT)
AOL Instant Messenger
MapQuest
Winamp
Amazon.com (partial)
Netscape
Time Warner Cable
Castle Rock Entertainment
Warner Bros. Studios
Hanna - Barbera Cartoons CNN
HBO Court TV
Road Runner
Time
People Mag.
Sunset Books
Sports Illustrated
Fortune
Kablevision (53.75% - cable television in Hungary)
RadioCNN Radio
http://cjrarchives.org/tools/owners/timewarner.asp