IR flash cards 24-25

Front

2nd Industrial Revolution: Key Feature

Back

Rise of corporations and trusts

Front

Laissez-Faire

Back

hands off

Front

Economic system favored by laissez-faire

Back

Capitalism

Front

Purpose of Flagler's East Coast Railway

Back

Bring tourists to luxury hotels and attractions along the coast

Front

Impact of bridge construction between Florida Keys and Cuba

Back

Increased international trade

Front

Rockefeller's Standard Oil & Carnegie Steel

Back

Examples of monopolies

Front

Corporations dominating an industry

Back

Monopoly

Front

Forms of collusion among monopolies

Back

Trusts

Front

All levels of production under one company

Back

Vertical Integration

Front

All production at the same level

Back

Horizontal Integration