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 RecapFirst 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