Industrialization

Front

Why did people move to the cities during the Industrial revolution?

Back

Jobs in factories

Front

John D. Rockefeller practiced horizontal integration by buying

Back

oil refining business

Front

Trusts sought to increase their profits by eliminating competition.

Back

competition

Front

Philanthropists

Back

gave millions to charity

Front

Free enterprise is (think capitalism)

Back

business that is free from government involvement

Front

Well known for his presence in the Banking Industry

Back

JP Morgan

Front

Eliminated the competition and built the Standard Oil Company.

Back

JD Rockefeller

Front

Monopoly

Back

Controls all of the business of an industry

Front

John D Rockefeller often resorted to using spies and extortion to influence railroads to work in his favor by offering kickbacks and rebates that were denied to his competitors. What term describes this behavior? Options: Captain of Industry, Robber Baron

Back

Robber Baron

Front

Why were the Industrial Capitalists referred to as "robber barons"?

Back

Industrialists often took advantage of other people economically.