Practice for Rise of Big businesses

Which was not a method used to eliminate competition

• Pools

• Rebates

• Raising Prices

• Rate Wars

Responsible for the idea of Vertical Integration

• JP Morgan

• Andrew Carnegie

• Vanderbilt

• JD Rockefeller

Vertical Integration is when a company _____________.

• Eliminates a company from the top down

• Controls all the aspects of the manufacturing process

• Promotes people from within the company

• Integrates new technology into the steel industry

Well known for his presence in the Banking Industry

• JD Rockefeller

• Andrew Carnegie

• JP Morgan

• Henry Bessemer

Eliminated the competition and built the Standard Oil Company.

• Cornelius Vanderbilt

• George Westinghouse

• JD Rockefeller

• Andrew Carnegie

Monopoly

• Group of corporations run by a single board

• Controls all of the business of an industry

• Businesses controlled by small groups

Who donated much of their wealth to libraries and universities?

• Carnegie
• Rockefeller
• Morgan
• Vanderbilt

Which description best matches the term "robber baron"?

• a leader of industry who used unfair and illegal business tactics to force other companies out of business.

• someone who their used their wealth and influence to improve the lives of the American people.

Term associated with the idea that private monopolies and artificial restrictions on trade were wrong.

• Social Darwinism

• Sherman Antitrust Act

• Economies of Scale

• Vertical Integration

Term associated with the idea that the strongest, most clever, most efficient business will survive and the weak businesses will die out.

• Social Darwinism

• Sherman Antitrust

• Economies of Scale

• Holding companies