USHC Unit 4 Section 1 - Wilson HS

Flashcard
•
History
•
11th Grade
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
What is the complete control of a product or service by one company?
Back
Monopoly
2.
FLASHCARD QUESTION
Front
What is the bringing together of many firms in the same business to form one large company?
Back
Horizontal Integration
3.
FLASHCARD QUESTION
Front
What is the process of consolidating many different businesses that make up all steps of a product's development?
Back
Vertical Integration
4.
FLASHCARD QUESTION
Front
John D. Rockefeller made his fortune in the oil industry. What business practice did he utilize?
Back
Horizontal Integration
5.
FLASHCARD QUESTION
Front
Andrew Carnegie made his fortune in the steel industry. What business practice did he utilize?
Back
Vertical Integration
6.
FLASHCARD QUESTION
Front
What government legislation was passed, yet failed, to prevent the creation of monopolies and trusts?
Back
Sherman Antitrust Act
7.
FLASHCARD QUESTION
Front
What 19th century business leader advocated that the wealthy should be able to make as much money as they want as long as they give back, which was explained in his "Gospel of Wealth"?
Back
Andrew Carnegie
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