Robber Barons

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What is Horizontal Integration?

Back

Horizontal Integration is a business strategy where a company buys out or merges with its competitors in the same industry to increase market share and reduce competition.

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What is a Trust in business terms?

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A Trust is an arrangement where multiple companies in the same industry come together to control prices and limit competition, often leading to monopolistic practices.

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What is a Monopoly?

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A Monopoly is a market structure where a single company or entity has complete control over a service, product, or industry, preventing competition.

Tags

CCSS.RI.7.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.8.7

CCSS.RL.9-10.7

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Who are the Robber Barons?

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Robber Barons refers to wealthy industrialists in the late 19th century who used ruthless business practices to amass wealth and power.

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CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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Who was John D. Rockefeller?

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John D. Rockefeller was an American oil industry magnate who founded the Standard Oil Company and is often considered a Robber Baron due to his business practices.

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CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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What is Vertical Integration?

Back

Vertical Integration is a business strategy where a company expands its operations by acquiring companies at different stages of production within the same industry.

Front

What does the term 'Captain of Industry' refer to?

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Captain of Industry refers to business leaders whose means of amassing a personal fortune contributed positively to the country in some way.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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What is the Gilded Age?

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The Gilded Age is a term used to describe the late 19th century in the United States, characterized by rapid economic growth, industrialization, and the rise of Robber Barons.

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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What is the significance of the Standard Oil Company?

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The Standard Oil Company, founded by John D. Rockefeller, became a symbol of monopoly power and led to significant antitrust legislation in the United States.

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What is the Sherman Antitrust Act?

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The Sherman Antitrust Act is a landmark federal statute passed in 1890 that aimed to prevent monopolistic practices and promote competition.