Mod 20 lesson 2 Big business

Businesses that sell portions of ownership called stock shares.

• Trust

• Corporations

• vertical integration

Business leader who concentrated hos efforts on steel production

• Andrew Carnegie

• John D. Rockefeller

• Leland Stanford

ownership of businesses involved in each step of manufacturing.

• monopoly

• vertical integration

• trust

Business leader that concentrated on oil refining.

• John D. Rockefeller

• Andrew Carnegie

• Leland Stanford

owning all businesses in a certain field.

• Horizontal integration

• social Darwinism

• Trust

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

• Social Darwinism

• Trust

• Sherman Anti-Trust Act

Business leader of mining equipment & railroads.

• Andrew Carnegie

• John D. Rockefeller

• Leland Stanford

belief that Charles Darwin's theory of natural selection & survival of the fittest, holds true for humans.

• Sherman Antitrust Act

• Monopoly

• Social Darwinism

Total ownership of a product or service

• Trust

• Monopoly

• corporation

A law passed in 1890 that made it illegal to create monopolies or trusts that restrain trade.

• Sherman antitrust act

• vertical integration

• horizontal integration