Industry Corporations & Trusts TOHS

Front

Which of the following words describe the action of buying out competing businesses so you are the only company selling a product?
Options: Autocracy, Democracy, Monopoly, Business

Back

Monopoly

Front

Why did Rockefeller want to build oil pipelines?

Back

So he could cut the railroads out of the oil business and keep more money for himself

Front

Made it illegal to create trusts and monopolies

Back

Sherman Antitrust Act

Front

Which industry did Carnegie lead?

Back

Steel

Front

Became the head of US Steel after buying the company

Back

Morgan

Front

The belief that the rich were chosen by god to be rich and should therefore share their wealth.

Back

Gospel of Wealth

Front

What was the Name of the Oil Company John made?

Back

Standard oil

Front

This was designed to prevent companies from engaging in unfair practices that eliminated competition.

Back

Sherman Anti-Trust Act

Front

Scottish immigrant made his fortune in steelmaking, known for “Gospel of Wealth”

Back

Andrew Carnegie

Front

Financier who made his money in the Banking industry

Back

Morgan