4.2 Review

Which type of integration involves ownership of a business that is involved in each step of a manufacturing process?

• horizontal

• vertical

• trusts

• corporations

Which type of integration involves owning all businesses in a certain field?

• vertical

• horizontal

• trusts

• corporation

What are businesses that sell portions of ownership called stock shares?

• vertical integration

• horizontal integration

• trusts

• corporations

Which big business leader of the Second Industrial Revolution monopolized the steel industry by practicing vertical integration?

• John D. Rockefeller

• Andrew Carnegie

• Charles Darwin

• Leland Stanford

Which big business leader of the Second Industrial Revolution monopolized the oil industry by practicing horizontal integration?

• John D. Rockefeller

• Andrew Carnegie

• Charles Darwin

• Leland Stanford

Which big business leader of the Second Industrial Revolution monopolized the railroad industry by practicing vertical integration?

• Andrew Carnegie

• John D. Rockefeller

• Charles Darwin

• Leland Stanford

What is a legal arrangement grouping together a number of companies under a single board of directors called?

• vertical integration

• horizontal integration

• trusts

• corporations

What theory did many business leaders justify their business methods?

• Social Darwinism
• Feminism
• Communism
• Capitalism

What is total ownership of a product or service called?

• a trust

• a corporation

• a monopoly

• full ownership

What act (law) made it illegal to create monopolies or trusts that restrained trade?

• Roosevelt Trust Act of 1902
• Sherman Antitrust Act of 1890
• Taft Competition Act of 1908
• Wilson Monopoly Law of 1915