Unit 5 Vocabulary

Front

Which of the following was the first Federal act that outlawed monopolistic business practices? Pullman Act, Interstate Commerce Commission, Industrial Regulatory Act

Back

Sherman Antitrust Act

Front

Who owned Standard Oil and is considered the wealthiest American of all time?

Back

John D. Rockefeller

Front

Having complete control over the entire supply of goods and services in a particular market is

Back

monopoly

Front

The term that refers to the wealthy businessmen who used ruthless and exploitative tactics to make their money

Back

robber baron

Front

Which of the following people had a monopoly in the steel industry? John D Rockefeller, JP Morgan, Andrew Carnegie, Cornelius Vanderbilt

Back

Andrew Carnegie

Front

Laissez-Faire Economics

Back

Economic system in which the government does not intervene in business practices

Front

business leader who uses money and power to promote industry and create jobs

Back

captain of industry

Front

A company owned by a private owner

Back

Capitalism

Front

This law specifically barred Chinese laborers from entering the US, and was in place for more than 60 years.

Back

The Chinese Exclusion Act

Front

A sum of money granted by the government to assist an industry

Back

Subsidy