Big Business & Labor

_____ is the business strategy of buying out all your suppliers.

• Horizontal verification

• Vertical integration

• Horizontal integration

• Vertical Marginalizing

The idea that the strongest societies/economies survive in a free market economy is called _________.

• Social Darwinism

• Tolstoy Telemetry

• Supply-Side Economics

• Socialism

Who was NOT a big businessman of the late 18th and early 19th centuries?

• JP Morgan

• Andrew Carnegie

• Benjamin Spock

• JD Rockefeller

What term carried a negative connotation of power and greed by the big businessmen of the late 18th and early 19th centuries?

• Captains of Industry

• Masters of Money

• Engineers of Innovation

• Robber Barons

Who reaped huge profits in the oil industry?

• Andrew Carnegie

• JD Rockefeller

• JP Morgan

• Thomas Edison

Who is associated with the "Gospel of Wealth"?

• JD Rockefeller

• JP Morgan

• Andrew Carnegie

• William Jennings Bryan

Which of the following represents the federal government's attempt to limit the power of monopolies (but it often fell short)?

• Sherman Antitrust Act

• Dawes Act

• Fair Labor Standards Act

• Morrill Acts

Which Supreme Court case failed to rule against big business in 1895?

• Plessy v. Ferguson

• Brown v. Board of Education of Topeka

• Munn v. Illinois

• US v. EC Knight Co.

Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.

--Andrew Carnegie

Of what practice or philosophy is Carnegie speaking?

• Philanthropy

• Mercantilism

• Militancy

• Laissez Faire

How much more (in billions) was Rockefeller worth than Bill Gates?

• $336 billon

• $101 billion

• $176 billion

• $235 billion