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6.2
The Rise of Big Business
Question | Answer |
---|---|
Capitalism | Investment in and ownership of means of production |
Free Enterprise | An economic system in which private operates in competition |
Communism | A political theory derived from Karl Marx |
Social Darwinism | Individual groups, and peoples are subject |
Corporation | Company or group |
Trust | Firm belief |
Monopoly | Possession or control |
Vertical Integration | combination in one company of two or more stages |
Horizontal Integration | process of a company increasing production |
Cornelius Vanderbilt | American busniess |
George Pullman | inventor of the Pullman sleeping car |
Horatio Alder Jr. | Wrote over 100 books |
Andrew Carnegie | leader of the American steel industry |
John D. Rockefeller | Built his first oil refinery near cleveland |