11/2/15 I. Monopoly
•  Total control of an industry by
one company or person.
•  Hurts consumers. Raises prices,
lowers quality of goods.
•  Competition is good for the
consumer. WHY??
•  50% or more of one
industry=monopoly.
America prior to the shift towards Business & Industry
1600s-Civil War
•  Rockefeller and Carnegie use
ruthless methods to form
huge Monopolies.
•  Carnegie Steel 1875.
•  Standard Oil 1870.
•  Both men control more than
50% of their industry.
NYC, 1900
1 11/2/15 Made with Carnegie Steel
yellow for coal, orange for ore, and blue for steel scrap
STEEL CITY--PITTSBURGH, Pa
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