Today’s Agenda 10/30

• Tomorrow’s Halloween Lesson

• One result of the growth of American business and industry in the early 1900s: child labor

• Finish vocab

Copy the following terms into your notebooks (skip 3 lines between each):

• Corporation• Stock• Dividend• Monopoly• Trust• Free enterprise system• Vertical integration• patent

• Bessemer process• Sherman Anti-Trust Act• Mass production• Moving assembly line• Sweatshop• Collective bargaining

Effects of the Growth of Business and Industry

• 1. The rich get richerAmerican business and business leaders (Carnegie, Rockefeller, etc…) make millions

• 2. American workers don’t share in the wealth– Long hours, low pay,

dangerous conditions– Child labor becomes a

major problem– Triangle Shirtwaist

Factory Fire exemplifies the greed of owners and the plight of the worker

• 3. Labor Unions begin to form and gain power– Goal: better wages, safer

conditions, shorter hours– How does a labor union

protect workers?– How does management

respond?