U3S1 Study Guide

This economic practice affected primarily African Americans in the South and kept them in a near permanent state of debt/poverty

• Sharecropping
• Monopolization

• Horizontal integration

• Indentured Servitude

This economic principle entails a company owning the entire means of production for a product from natural resources to transportation to the sale of the final product

• vertical integration
• Horizontal integration

• Sharecropping

• Monopolization

Who owned US steel and used vertical integration to amass vast wealth and power?

• Carnegie

• Vanderbilt

• Rockefeller

• Morgan

Who controlled nearly half of the railroads in the country at one time, allowing for the expansion of economic markets across the country?

• Morgan

• Rockefeller

• Vanderbilt

• Carnegie

Over investment in railroads was a cause of what in both 1873 and 1893?

• Economic Panic
• Economic Growth

• Destruction of the railroad

• Laissez Faire

Who used horizontal integration to control over 90% of oil refining in the entire United States?

• Rockefeller
• Carnegie

• Vanderbilt

• Morgan

Abundant natural resources, free enterprise, and laissez-faire government policies all led to the rise of what?

• industrialization
• Indentured Servitude

• Resurgence of slavery

• Laissez Faire

Completely controlling one level of the means of production is known as what?

• horizontal integration
• Vertical Integration

• Tactics of a Captain of Industry

• Laissez Faire