Gilded Age Vocab

Front

A person who combines land, labor, and capital to create new products.

Back

Entrepreneur

Front

Businesses operating with minimal government regulation

Back

Free Enterprise

Front

Shareholders own and control a separate entity.

Back

Corporation

Front

Business owner purchases rivals

Back

Horizontal Integration

Front

Business owner acquires all resources to create a product.

Back

Vertical Integration

Front

Belief that the rich are wealthy due to hard work, while the poor are lazy criminals.

Back

Social Darwinism

Front

Law preventing trusts from harming trade

Back

Sherman Antitrust

Front

Factories with long hours and dangerous conditions

Back

Sweatshops

Front

Unions negotiate with business owners' reps.

Back

Collective Bargaining

Front

Land, labor, and capital owned by the government (public) instead of private companies.

Back

Socialism