Industrialization and Rise of Big Biz Exit Ticket

This man controlled the steel industry during the Gilded Age

• Andrew Carnegie
• John D Rockefeller
• JP Morgan
• Cornelius Vanderbilt

This man owned Standard Oil and controlled most of the oil industry during the Gilded Age

• Andrew Carnegie
• Cornelius Vanderbilt
• John D Rockefeller
• JP Morgan

This is a term for when one company controls the majority of an industry

• Monopoly
• Merger
• Corporation
• Company

The rise of big business meant most people worked at _____.

• farms

• plantations

• factories

• churches

The sometimes unethical corrupt business practices of some industrialists led them to be given this nickname

• Captain of Industry

• Fat Tycoon

• Fat Cat

• Robber Baron

The Sherman Antitrust Act was designed originally to...

• limit the power of the federal government

• limit the power of state government

• limit the power of big corporations

• limit the power of labor unions

When one acquires multiple companies that produce a similar good or service.

• Vertical Integration

• Horizontal Integration

When one owns all aspects of a given industry from raw material through distribution to the consumer.

• Horizontal Integration

• Vertical Integration

In this type of economy the government does not interfere and lets people do as they chose.

• Corporation

• Laissez-faire

• Big business

• Labor union

______ is a business man that stimulates the economy by creating jobs and giving back to society.

• Robber Baron

• Labor Leader

• Captain of Industry

• Entrepreneur