study study study study (Ruby style)

If you want to remember easy facts, make note cards. Also, repeat it in your head. (How else are you going to remember anything). For social studies, you must, must, MUST remember dates and numbers, because they are and could be EXTREMELY important. Don't cram. Study a little everyday, reviewing throughout the day. Link historical facts to everyday things like, oh, people back then had monopolies (they could've played monopoly) when the test comes it might say 'what did people make money from?' and you would remember they played monopoly. (but don't say that on your test please.) When it comes to sections and chapters in the book, take it little by little. Remember the sections and what they cover. Take extreme notes, covering every inch of text your eyes can follow. (It may seem harsh, but do you want a good grade?)



Section 2:

• Business was led by bold entrepreneurs.
• To raise capital, or money, entrepreneurs adopted new ways of organizing business
• Many businesses became corporations
• Corporations limited the risk of investors
• Stockholders receive a share of the profits and pick directors to run the company
• Owners of other types of businesses could lose their savings, homes, and other property if the business failed.
• Stockholders risked only the amount of money they invested
• Banks lent large amounts of capital to corporations, helping making the American industry grow faster, and make huge profits for the bankers
• J. Pierpont Morgan made himself the most powerful force in the American Economy.
• Morgan gained control of key industries (railroad, steel), and in hard times, him and his friends would buy stock in troubled corporations
• They ran companies in ways that eliminated competition and increase profits
• In the 1800's, the government took a laissez-faire approach to business
• Congress rarely made laws to regulate business practices
• Entrepreneurs formed giant corporations and monopolies
• One of the giants of big business was Andrew Carnegie.
• Carnegie worked his way up in the railroad business.
• His companies owned iron mines, steel mills, railroads, and shipping lines
• He believed the rich had a duty to improve society
• He called his philosophy the Gospel of Wealth
• Carnegie donated hundreds of millions of dollars

 To Be Continued...