USHC Unit 4 Section 1 - Wilson HS

Front

What is the complete control of a product or service by one company?

Back

Monopoly

Front

What is the bringing together of many firms in the same business to form one large company?

Back

Horizontal Integration

Front

What is the process of consolidating many different businesses that make up all steps of a product's development?

Back

Vertical Integration

Front

John D. Rockefeller made his fortune in the oil industry. What business practice did he utilize?

Back

Horizontal Integration

Front

Andrew Carnegie made his fortune in the steel industry. What business practice did he utilize?

Back

Vertical Integration

Front

What government legislation was passed, yet failed, to prevent the creation of monopolies and trusts?

Back

Sherman Antitrust Act

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

Front

What is a group of separate companies that are placed under the control of a single managing board in order to form a monopoly?

Back

Trust

Front

What is the term used to identify those leaders in business who established their fortune through exploitation?

Back

Robber Baron

Front

What is the belief that certain business leaders were superior to others and therefore destined to rule over their industry/economy?

Back

Social Darwinism