entrepreneur  a person who takes business risks 
        in the hopes of someday making a profit.

    William Kelly and Henry Bessemer discovered that a blast of hot air  could be used to remove
         impurities from molten iron creating steel.

    Andrew Carnegie  created US Steel Company  it became the leading producer of iron 
        and steel in the United States.

    1.  Perhaps Carnegie is best remembered for his philanthropic endeavors Carnegie Hall

Watch 6 min video on Dangerous and Dirty Jobs:

Oil  -  kerosene, a lighter oil by product was
                                        used to light homes

Watch Light and Lazers 6 min video:

    Edwin L. Drake drilled the first oil well in the US later became known as "drake's folly"

    Drake's Folly  Derrick    Modern Oil Derrick

    John D. Rockefeller developed Standard Oil Co.

        Read about Rockefeller's rise in the Oil Industry p 368

    How did Rockefeller squeeze out the competition?

    How did the railroads help?

    Define each of the following from page 369-370

    corporations, capital, stockholder, dividends, 
    proprietorship, partnership, pools, trusts, 
    consumer, monopolies

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Lesson Objectives

Students will learn

OBJECTIVES: Students will be able to:

1. list

2. explain the difference between

3. describe the

4. chart on a map the

5. define the terms

6. Explain the significance of

Knowledge: Recall of data.

Comprehension: Understand the meaning, translation, interpolation, and interpretation of instructions and problems. State a problem in one's own words.

Application:
Use a concept in a new situation or unprompted use of an abstraction. Applies what was learned in the classroom into novel situations in the workplace.

Analysis:
Separates material or concepts into component parts so that its organizational structure may be understood. Distinguishes between facts and inferences. 

Synthesis:
Builds a structure or pattern from diverse elements. Put parts together to form a whole, with emphasis on creating a new meaning or structure.

Evaluation:
Make judgments about the value of ideas or materials.