USHC - Unit 4A Test Review - 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, forming a monopoly?

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

What 19th century businessman is being criticized in the following political cartoon?

Back

John D. Rockefeller

Front

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

Back

Vertical Integration

Front

In what business did J.P. Morgan make his fortune? Options: Oil, Steel, Finance, Railroad

Back

Finance

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 served the nation in a positive way, like increasing productivity and philanthropy?

Back

Captain of Industry

Front

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

Back

Robber Baron