Industrial Age

Corporations

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• Businesses that sell portions of ownership called stock shares

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Thomas Edison

• Invented the telephone
• Invented the light bulb
• Invented the television
• Invented the radio

Andrew Carnegie

• An American industrialist that made mills and produced a lot of steel

• A British Prime Minister
• A famous scientist
• A renowned musician

Horizontal Integration

• A process of a company increasing production of goods or services at the same part of the supply chain
• A process of a company increasing production of goods or services at a different part of the supply chain
• A process of a company decreasing production of goods or services at the same part of the supply chain
• A process of a company decreasing production of goods or services at a different part of the supply chain

Vertical Integration

• A strategy where a company takes control of all steps in a manufacturing process

• A strategy where a company reduces its workforce
• A strategy where a company increases its product prices
• A strategy where a company outsources its production

Who is John D. Rockefeller?

• An American oil industry business magnate and philanthropist and owned the largest oil refinery in the country

• A British Prime Minister
• A famous Hollywood actor
• A renowned physicist

What is the Sherman Antitrust Act?

• A law to prevent monopolies and promote competition
• A military strategy used during the Civil War
• An act to regulate interstate commerce
• A law to protect wildlife in national parks

What is a Monopoly?

• A type of board game
• A type of card game
• A type of dice game
• Exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices

What is a Trust?

• A legal entity that holds property or assets for the benefit of others
• A type of bank account
• A type of insurance policy
• A type of loan

What is the Knights of Labor?

• A medieval knightly order
• A popular video game
• A secret labor union in the United States that fought for better pay and a 8 hour work day during the 19th century

• A famous rock band