Gilded Age Philosophies (Big Business)

During the (a)   Age, America appeared to be a land of opportunity where anyone could become wealthy. But in reality very few achieved this dream.

(a)   Integration is the acquisition of a business that operates in the same industry.

(a)   is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the government.

Example: You can choose your job and get as rich as you want, depending on how your work grows and flourishes.

(a)   Integration is the combination in one company of two or more stages of production normally operated by separate companies.

In other words, basically a company buys all of the other companies that are needed to make their product

With (a)   a government does not interfere in the workings of a free market; less regulation of business

In a (a)   market the seller faces no competition, as he is the sole seller of goods with no close substitute.

(a)   believe in “survival of the fittest”—the idea that certain people become powerful in society because they are innately better.

Andrew Carnegie wrote (a)   . He believed that the wealthy, who were chosen by God, should live modestly and then invest money into the community.

John D. Rockefeller got rich in the (a)   industry.

Andrew Carnegie got rich in the (a)   industry.