Big Business and the Monopoly

Someone who creates their own business is called a(n)...

• Entrepreneur
• Billionaire
• Investor
• Stock Holder

When handmade products were replaced by machines and mass production

• industrialization
• revitalization
• reconstruction
• urbanization

allows products to be mass produced generally allowing the price to decrease

• assembly line
• push factor
• pull factor
• sharecropping

A monopoly is the total or complete control of an industry. Unfortunately for consumers, this prevents ___________. 

• Unions
• Capitalism
• Competition
• regulation

Steel changed people's lives in making possible the...

• Building of Skyscrapers
• Establishment of Time Zones
• Development of Electricity
• Use of Kerosene

Philanthropists

• gave millions to charity

• combined to drive small industries out of business

• criticized unfair business practices

• protested laissez faire capitalism

The Sherman Antitrust Act was passed to

• make monopolies illegal

• encourage philanthropy

• regulate the NY Stock Exchange

• control the boom and bust cycle

Free enterprise is

• free government help for business

• giving away free samples to win new customers

• business that is free from government involvement

• freedom from monopolies

A company that eliminates its competition and controls an industry

• corporation

• trust

• business cycle

• monopoly

A place where workers work for long hours in poor conditions for little money

• corporation

• trust

• sweatshop

• business cycle