Industrialization

Front

Horizontal Integration

Back

System of consolidating many firms in the same business

Front

Vertical Integration

Back

Practice where a single entity controls the entire process of a product, from the raw materials to distribution

Front

Corporation

Back

A business that is owned by many investors.

Front

John D. Rockefeller

Back

Established the Standard Oil Company; Best example of Big Businesses

Front

Andrew Carnegie

Back

Steel empire; used vertical integration

Front

Cornelius Vanderbilt

Back

Railroad tycoon

Front

"Flavors" of American I.R.

Back

Steel, Oil, and Electricity

Front

FACTORIES

Back

The main component when it comes to mass production and the industrialization of America

Front

Laissez-faire policies

Back

Allowed businesses to operate under minimal government regulation

Front

Monopolies

Back

Corporations that gain complete control of the production of a single good or service.