Do Now: Match column A with column B –

Andrew Carnegie John D Rockefeller Thomas Edison Alexander Graham

Bell Cornelius

Vanderbilt Monopoly

Oil baron Invented the

telephone Founded General

Electric Made money in

transportation and construction

Steel industry When a person or

company controls all aspects of a market

Big Business

Assembly line

http://www.history.com/videos/history-of-the-holidays-the-story-of-labor-day#history-of-the-holidays-the-story-of-labor-day

ASSEMBLY LINE - Process in which parts are added to a product in sequential order using optimally planned logistics to create a finished product much faster than with handcrafting-type methods

INTERCHANGEABLE PARTS – parts that are essentially identical which makes for easy assembly and repair (the candy)

Henry Ford

http://www.history.com/shows/america-the-story-of-us/videos/henry-ford-and-the-model-t#henry-ford-and-the-model-t

Henry Ford Innovated “mass

production”• Division of labor• Use of unskilled

labor• Interchangeable

parts• Assembly lines

Known for treating employers better than most

The Model T car

Big Business RecapOne of the founders

of US Steel

Andrew Carnegie

Big Business Recap Made fortune

through transportation and building

Vanderbilt

Big Business Recap

First billionaire in the world

Created a monopoly by controlling all aspects of oil production and distribution

John D Rockefeller

Student Activity Create an assembly

line to create seasonal product (pot at the end of the rainbow)

Each row represents an assembly line

You will have 5 minutes to plan your logistical strategy with your factory workers

Each time an item drops off of you desk, it constitutes an “accident” and you have a ten second delay