Unit+I

How to Become a Successful Businessperson

I learned today how you can become really wealthy. You take apart in the field that is popular to people. Like Andrew Carnegie and how he made his business off of steel because it was skyrocketing at the time. Its's all about jumping on opportunity when it comes and knowing how and what to spend your money on. These Americans also took chances like Bill Gates when he dropped out of Harvard to open his own business Microsoft which is one of the head companies in electronics and video games where he's making a fortune in. They had a monopoly where they bought out competitors so they can control the industry like John D. Rockefellar when he bought up most of the oil businesses and ended up owning 90% of the nation's oil. When you follow your dreams with the right experience and wisdom you can acheive it like they did.

Wealthiest Americans of All Time

Rockefeller[[image:http://www.fullissue.com/wp-content/uploads/John-D-Rockefeller.jpg width="94" height="121"]]

 * Oil industry
 * Standard Oil Co. put competitors out of business
 * Made $192 billion
 * 1839-193
 * Donated $550 million through acts of philanthropy

Carnegie[[image:http://www.teachersparadise.com/ency/en/media/1/17/andrew_carnegie.jpg width="118" height="123"]]

 * Steel industry
 * Built a steel empire when steel was skyrocketing
 * Made $75 billion
 * 1835-1919
 * Donated $330 billion to libraries

Morgan[[image:http://muson.info/images/h_jp_morgan_062300_03.jpg width="88" height="130"]]

 * Financier
 * Saved the U.S. during gold crisis in 1895
 * Made $38 billion
 * 1837-1913
 * Donated 9.5 million to charity lender

Vanderbilt[[image:http://t3.gstatic.com/images?q=tbn:TpVXYfasI4jN0M:http://www.old-picture.com/daguerreotypes/pictures/Vanderbilt-Cornelius.jpg&t=1 width="127" height="124"]]

 * Ruthless Steamboat entrepreneur
 * Undercut competitors by making illegal runs across New York Bay
 * Made $143 billion
 * 1794-1877
 * Donated $1 million to find Vanderbilt University

__Summary__
These four businessman were born around the same time period, made billions, donated to charity, have a legacy left behind from all there accomplishments. From 1870-1920 was the second industrial revolution. An industrial revolution is a big change in the economy, agriculture, transportation, mining, and manufacturing. During the second industrial revolution they used electricity to develop my technology.

__Inventions of the 2nd IR__
__[|Inventions]__ With Transportation, the Airbrake was invented in 1868. It was invented by George Westinghouse and was made to improve the safety of trains by making it possible to stop with the pull of a lever. The Light Bulb was created in 1879 by Thomas Edison to provide light to people at night when there's no sun. The Phonograph was created in 1878 by yet again Thomas Edison. This was invented to be a music player to entertain people where the first song he recorded was ".Mary Had a Little Lamb."


 * First Electric Street Car-1874
 * Refrigerated Railroad Car-1875
 * Gas Powered Car-1885
 * Typewriter-1874
 * Skyscraper-1885
 * Kodak Camera-1888
 * Telephone-1875
 * Motion Picture Projecture-1888
 * Brooklyn Bridge-1883
 * Electric Machines-1873

These 2 inventors, Alexander Graham bell and Thomas Edison, are very important in our history. I think the most valuable thing Thomas Edison invented the Light Bulb which gives us light. The most valuable thing that Alexander Graham bell invented was the telephone which lets us talk to people from a distance and reach out to family, friends, or businesses.

=﻿CAPITALISM=

America's Economic System. Businesses compete with each other for customers.

Coca Cola competes with Pepsi and so far Coke is winning and they are the #1 brand as of 2010. Toyota and Honda are competing and so far Toyota's brand value is about 8,000 more than Honda. Nintendo and Sony have been competing in the video game market and so far, Sony's brand value is about 3,000 more than Nintendo.

I think Coca Cola is winning over Pepsi because Coke has always been that original soda taste and it has a lot of loyal customers of the product which obviously think it tastes better than Pepsi. I think Toyota is probably higher than Honda because their cars probably have better value and more commercialism skills to be able to sell it to the buyers. I think Sony's brand value is higher because other than video games, sony has different brand ventures like headphones, batteries, and TVs and Nintendo has more experience in the video game market, but the competition catching up with different ideas and Microsoft, as well, is also competing in that market.


 * Netflix has grown more technologically advanced and are figuring out new ways to get movies to the people and blockbuster couldn't really keep up with Netflix's success.

Parts of the Economy


 * Government- Sets up taxes and controls aspects of trade
 * Consumers/Customers- Buy things in stores
 * Banks- Loan people and businesses money, Control money
 * Businesses- Distribute goods and services
 * Workers- Make the products that sell

Labor Day Video

 * Longer work hours and paycuts were put on in the 19th century to the workers
 * September 5 1882 thousands o9f workers walked the streets in a parade for their rights at work
 * Oregon was the first state to legalize Labor day
 * Cleveland signed a bill to officially declare Labor day as a holiday in 1894 after he sent 12,00 troops to end a march of railroad workers and 2 were killed.
 * Back then workers in a factory line worked like machines with little pay, now they have machines and robots to advance productivity
 * A lot of factory owners didn't pay attention to the health of workers
 * They hired children because it was less pay
 * Unions wanted to stop child labor and have it enforced
 * The Social Security act and the Social Security act brought victories to unions.