US History Chapter 4, Section 2

________ is accomplished by owning businesses involved in each step of the manufacturing process.

• vertical integration

• horizontal integration

• corporation

_____________ are businesses that sell pieces of ownership called stock shares.

• corporations

• monopolies

• vertical integration

_______________ founded the Standard Oil Company, which was the country’s largest oil refiner in 1870.

• Andrew Carnegie

• John D. Rockefeller

• Henry Ford

Some business leaders used ___________________ to give an explanation for their great personal wealth while providing poor working and living conditions for their employees.

• Social Darwinism

• Horizontal integration

• Vertical integration

Corporations and trusts continued growing in size at the end of the 19th century because of the __________ of the Sherman Antitrust Act.

• success

• failure

________________ integration is owning all business in a certain field.

• Corporations

• Horizontal

• Vertical

A ___________ is a legal arrangement grouping together a number of companies under a single board of directors.

• trust

• monopoly

_____________ was an important business leader of the late 1800s who made a fortune selling equipment to miners.

• Charles Darwin

• Leland Standford

____________ was one of the most admired business people of the time. His success came largely through vertical integration.

• Andrew Carnegie

• John D. Rockefeller

A ____________ is total ownership of a product or service.

• monopoly

• corporation