Big Business

Companies who control all the different phases of the business to control profits & maximize efficiency use the method called

• Horizontal Integration
• Vertical Integration
• Big Business Model
• Maximum Profit Idea

Companies who specialize in one area of business use the method of organization called

• Horizontal Integration
• Vertical Integration
• Bug Business Model
• Maximum Profit Idea

The man responsible for founding the biggest steel corporation in the US during the period 1865-1900 was

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

Another term for monopoly during the period 1865-1900 was

• Big Business
• Trust
• Giant of Industry
• Forbes 500

The biggest oil company in the US during the period 1865-1900 was created by 

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

a market in which a single seller dominates

• monopoly

• natural monopoly

• license

• market power

The US grew industrially during the period 1865-1900 for all of the following reasons EXCEPT

• Millionaires created by the Civil War
• Lots of natural resources like iron, coal, & oil
• Cheap labor in the form of immigrants
• Strong middle class workforce

How does the government break up and prevent monopolies?

• Increased Taxes

• Antitrust legislation and regulation

• Deregulation

• Laissez-faire

Which three big businesses transformed America in the years between 1870 and 1914?

• meatpacking, automobile,  and construction
• railroads, steel and oil
• textile, meatpacking and canals
• political machines, settlement houses and ghettos

John D. Rockefeller practiced horizontal integration by buying

• wildcatters

• oil refining business

• steel businesses

• pipelines and tankers