...the business industry is based on the aspect of the development. Cornelius Vanderbilt revolutionized the world as we know it, he did the unthinkable. He is the definition of the word entrepreneur. Vanderbilt transformed the railroad industry, when he took full control. He is an example to many people in the business industry. Cornelius impacted the industry by liberating the increase of the mobility of speed across the continent. He was formally know as the Commodore or business magnate. His work started from something small and lead to a world changing experience. The way Vanderbilts mentally affected his work was very unique. He didn't allow anyone to get in his way. If anyone ever tried...
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...Innovation Change is an inevitable fact of life and it also applies in the world of business in countless ways. Staying ahead of the crowd of competitors is part of innovation and the greatest business pioneers of our time were the best at adapting to the environment that surrounded them and their influence. “The Men who Built America” shows many interesting parts of the business world both good and bad. Hostile takeovers and buyouts were byproducts of the tension between competing industries and business tycoons, especially in the midst of the Industrial Revolution of early America. Many traits are represented in great business leaders but innovating may be the single best thing to be skilled at. Cornelius Vanderbilt was originally one of the first of many American pioneers and he thrived in setting new trends and finding ways to step ahead of competition. Innovation was his biggest ally in overcoming the rivals in his industry. He originally started with a shipping business that he brought up from nothing and soon used big ships to transport numerous kinds of materials to both the east and west coasts of the country. When the railroad industry was first taking off, Vanderbilt saw a path of profit and potential. The shipping business he owned was one of the greatest companies of its time but Vanderbilt had the eye to see potential into a new type of business that was faster and more efficient. It also created larger profit and more time to make that profit. Vanderbilt became...
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...original thirteen colonies gained freedom from the U.K. the country continued to grow and prosper; however, it wasn't until after the civil war, when the industrial revolution began, till America began its rise to becoming one of the top economies in the world. This was due to the abundance of businesses that we're started by America's elite. However, some of the people who contributed most to America's rise did not come from wealth. Cornelius Vanderbilt, one of the wealthiest Americans of the 19th century, was not born with an abundance of money. He worked hard to build the empire he created. As a kid he worked with his father on a ferry that transported goods around New York. After working as a steamboat captain he invested in steamboats and cultivated one of the country's largest steamship operators. He was a fear and ruthless and gained a reputation for it. Vanderbilt also knew potential when he saw it. In the 1860s, he shifted his focus towards railroads and built another empire. His fierceness made him one of the best entrepreneurs in history and when he died he was worth more than $100 million. Vanderbilt, however, wasn't the only entrepreneur that knew opportunity when they saw it. John D. Rockefeller knew when and how to take risks. Rockefeller knew that oil was the future of America, but he also knew oil was extremely costly to mine. Instead of wasting a fortune on mining oil he went into refining oil and founded the Standard Oil Company. Rockefeller was also innovative...
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...is a major importance to both of these styles of political ideology. They both helped us to obtain what we have today, the good and the bad things. Progressivism is a very important aspect of American culture and has helped carve America into the place that it is today. The progressivism movement started around the 1890’s and gained popularity especially during the Great Depression. During the early 1900’s conditions in the workplace were rough and the pay was low. People figured out that as a single person they had very little power or say in anything about these conditions. They figured out that if they got together as one and collectively fought for better conditions and pay that they could win what they wanted and deserved. This is how unions first came to be. Unions, like the American Federation of Labor, had 138,000 members in 1886 and the Knights of Labor had 730,000. With numbers like this Americans...
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...Assignment 1.2 Industrialization After the Civil War Final Paper Student’s Name—Lacey Jaslaine Young Course Number –HIS 105 ------------------------------------------------- Quarter Name and Year—Fall Quarter 2015 ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 1. Introduce your paper with your previously crafted thesis statement -After the Civil War, industrialization influenced the U.S. society, economy, and politics by the technological advances that were being introduced. The railroad industry, textile manufactures, mining, and mechanical tools are just a few of the many examples that were being introduced during the Industrial Revolution. These few examples are what changed the workforce atmosphere as we know it today, and opened many new doors for U.S. society to gain new skills that would be continued into modern society. 2. Identify three (3) major aspects of industrialization during 1865 ad 1920 that influenced U.S, society, economy, and politics. Consider issues such as geography, entrepreneurship, legislative representation, etc. Explain your responses with specific examples and details. A. The first aspect of industrialization that during 1865 and 1920 that influenced U.S. society, economy, and politics was the expansion of railroads. It created more job opportunities for...
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...growth was in unprecedented in United States history. Manufacturing output increased by 180 percent. Railroads, an important catalyst of growth, increased in miles by 113 percent. Steel production grew to over 10,000,000 tons per year by 1900. Every aspect of the American economy expanded from traditional activities to new enterprises brought about by the huge influx of cutting-edge technological inventions. The gross national product almost doubled during the period and the per capital GNP increased by 35 percent. Wages matured by 20 percent, and a new American middle class emerged for the first time in the history of the United States. Cities grew during this period, as people moved from rural areas and immigrants arrived from around the world to work in the ever-expanding factories. The population of Chicago, for example, multiplied from 30,000 people in 1850,...
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...were given opportunities for a new life in America, though they had to endured great hardships. The city dwellers benefitted greatly from this transformation, becoming only richer, and broadening the gap between the classes. All classes, lower, middle and upper, felt the innovative shift, as the age of the inventions rose from the minds of the geniuses. Though the “progress” of the Machine Age might have brought a world of pain and sickness, it birthed new discoveries and transformation, bringing electricity, powerful...
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...The Gilded Age sparked several changes in America, one being industrialization, which hit its peak during the Progressive Era. This boom in industrialization was demonstrated by tycoons such as Andrew Carnegie and Cornelius Vanderbilt. These individuals introduced large companies that essentially changed life as it once was. The Progressive Movement, which took place during the same time period, consisted of key reformers who strived to repair American society which became corrupt following the recent flare of industrialization. Political corruption was a consequential issue during the Gilded Age that was addressed by two key reformers, Lincoln Steffen and Robert La Follette. Political corruption was a critical issue that greatly hindered...
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...countries that industrialized later. (85). In time, the Gilded Age expanded and transformed into the era of reconstruction in the twentieth century. At one point, this age was considered to be just a transitional era filled with poverty, but now it is regarded as the beginnings of Modern America- the industrial and urban society (Desantis). Overall, the “best and worst” of times became another influential and important time period in American history. Although the United States became the most economically powerful country in the world, “[The Gilded Age] was a time of unprecedented progress and unimaginable poverty.” (Probasco.) In the end, “The Gilded Age was critical to the growth of the United States by introducing industrialization and technological advances.” (Probasco). The Gilded Age was a key factor in the transformation of the United States economy from agrarian to industrial, because after the age, it became the leading industrial nation in the world in that time...
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...developed since the medium was introduced in the society. I always see the television as a good source of the most broadly-shared images and messages of the history. Advancement in technology has really transformed the ways of communication. Last month I asked my grandmother what it was like growing up without the television. She told me how they used to tell each other stories since it was the only way of keeping them busy on their free time. She also told me that they had messengers who used to deliver messages to the different communities. Introduction of the television has really changed this for the better. Viewing time and saturation has increased over the years. The television mass rituals have also become very strong and show no signs of weakening its hold. There have been introduction of new types of delivery systems such as satellite, cable and cassette signals over the years. Generalizations/Principles/Theories: The television has developed over the years from the big bulky television to the slim and better television sets. I am happy that I have seen the development of this medium first hand. I will live to tell my children of how my parents had a small black and white television that used to...
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...discuss the development of the Industrial Revolution in America after the Civil War, concentrating on the major industries and their leaders. LO 2 Explain why the late 1800s in America have sometimes been called the “Age of Innovation.” LO 3 Describe how America’s regional and local markets merged into one truly national market, and how this influenced the consumer demand for products and services. 9781133438212, HIST2, Volume 2, Kevin M. Schultz - © Cengage Learning. All rights reserved. No distribution allowed without express authorization “ The world that had consisted of small farms, artisans’ workshops, and small factories transformed into a full-scale industrial society. ” The Art Archive / Culver Pictures As the process of ensuring political, economic, and social rights of African Americans waned during the 1870s, most Americans turned their attenNo invention had more lasting impact than the incandestion to another transformacent light bulb. tion brought on by the Civil Strongly Disagree Strongly Agree War: the Industrial Revolution. 1 2 3 4 5 6 7 During the half-century between 1865 and 1915, the United States evolved from a relative economic backwater to become the most powerful economy in the world. Industrialization played a key role in the nation’s advances, and both the Civil War and a core group of innovative, aggressive, farsighted, and opportunistic entrepreneurs were the main stimulants of growth. They embodied the optimism and inventiveness...
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...knowledge covering general truths [scientific method] Scientific Method * Procedure for the systematic pursuit of knowledge Social Research * Done to gain a body of information which helps us understand behavior and society Quantitative Research * Numeric data and precise statistical analysis Qualitative Research * Nonnumeric information is used to describe * Done as they happen Experiments * Research situation designed to elicit some sort of behavior Field Research * Observe events as they occur * Non-participant observation [without interaction] * Participant observation [with interaction] Surveys * Consists of a series of questions to respondents Unobtrusive Research * Hawthorne effect [change in behavior due to the knowledge that they are being observed] * Examination of social evidence that people leave behind * Statistical Analysis [using data gathered earlier or by someone else for a different purpose] * Content Analysis [study of recorded communications]...
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...A BRIEF HISTORY OF MANAGEMENT “Those who cannot learn from history are doomed to repeat it.” —George Santayana The World of Work: Tony considers his style O n the way home from the restaurant—soon to be his restaurant, Tony thought—the news of his Whenever she visited the restaurant, she and Jerry would always end up huddled in one of the corner booths over her laptop screen or a spreadsheet printout discussing numbers—food costs, labor costs, and the figures for the latest marketing campaign to increase sales. Dawn always ended her visit by walking around and checking in with everyone to make sure they were doing okay. Since Jerry ran such a good crew, there were never any problems, but Tony wondered what Dawn’s reaction would have been if she had found any. Jerry’s style always seemed to Tony to be more about the people than the numbers. He obviously hit promotion finally started to sink in. Jerry’s promotion to regional manager didn’t give either of them a lot of time to manage the transition, so the day had been filled with a lot of information—forms, rules, regulations, guidelines, and plenty of tips and tricks from Jerry on how to cope with the unexpected. In the peace and quiet of his apartment, Tony started thinking back to his earlier days at the Taco Barn and to the many lessons he had learned from both Jerry and Dawn. They were very different in their approach to their jobs. Dawn was all about the numbers. 26 LEARNING objectives CH A P T ER ...
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...| GRAND CENTAL OFFICE MARKET | | | Lisa Downing | 5/5/2009 | | Table of Contents Subject Headings Page Nos. Grand Central Office Market 1 Grand Central Scene 1 Who/What Dominates the District 2 Grand Central Office Climate 4 District Vis a Vis Office Setting 4 Historical Analysis of Market Statistics 6 Comparative Analysis: Grand Central, Midtown & Manhattan 7 History of Land Use and Development Trends 8 Grand Central Terminal Today 11 External Market Forces 12 Government Intervention 14 Employment 15 Subject Properties 18 Lincoln Building 18 JP Morgan Chase 20 Competitive Position 21 Summary & Trends 25 Projections 26 I. Grand Central Office Market Analysis The New York City Office Market is comprised of three submarkets, Downtown, Midtown and Midtown South. The Midtown submarket in the largest Central Business District in the United States; it is the submarket that the Grand Central office market is located and upon which this analysis is based. Other neighborhoods within the Midtown submarket include: Columbus Circle, Penn Plaza/Garment District, Plaza District and Times Square (Kindly refer to Appendix Nos.1 & 2). The Grand Central office market straddles in both Community Board #5...
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...AVI-YONAHFINAL.DOC FEBRUARY 26, 2002 2/26/02 5:38 PM Book Review Why Tax the Rich? Efficiency, Equity, and Progressive Taxation Reuven S. Avi-Yonah† Does Atlas Shrug? The Economic Consequences of Taxing the Rich. Edited by Joel B. Slemrod.∗ Cambridge: Harvard University Press, 2000. Pp. 524. $57.95. In Greek mythology, Atlas was a giant who carried the world on his shoulders. In Ayn Rand’s 1957 novel Atlas Shrugged, Atlas represents the “ prime movers” —the talented few who bear the weight of the world’s economy.1 In the novel, the prime movers go on strike against the oppressive burden of excessive regulation and taxation, leaving the world in disarray and demonstrating how indispensable they are to the rest of us (the “ second handers” ). Rand wrote in a world in which the top marginal federal income tax rate in the United States was 91% (beginning at taxable income of $400,000).2 This is an unimaginably high rate by today’s standards, when the dominant view in Washington is that a marginal rate of 39.6% (the top † Irwin I. Cohn Professor of Law, University of Michigan. I would like to thank Yossi Edrey, Allen Graubard, David Hasen, Judy Herman, Don Herzog, Jim Hines, Bob Kuttner, Doron Lamm, Jeff Lehman, Kyle Logue, Dan Shaviro, Joel Slemrod, Dennis Ventry, and Larry Zelenak for their extremely helpful suggestions. All errors are mine. * Paul W. McCracken Collegiate Professor of Business Economics and Public Policy, University of Michigan. 1. AYN RAND, ATLAS...
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