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Chapter 14 Section 3
Big Business Emerges
Question | Answer |
---|---|
Head of Standard Oil | John D Rockefeller |
Process by which a company buys out all of its suppliers | vertical integration |
Millionaire tycoon who made his riches in the steel industry | Andrew Carnegie |
Process by which a company buys out all of its competitors | horizontal integration |
An unsuccessful attempt by Congress to regulate big business | Sherman Antitrust Act |
A corporation that does nothing but buy out the stock of other companies | holding company |
The company that results from one corporation's buying out the stock of another | merger |
A critical term used to describe such industrialists as Andrew Carnegie and John D Rockefeller | robber baron |
Theory that justified the efforts of millionaires and discouraged government interference in big business | Social Darwinism |
A corporation made up of many companies that receive certificates entitling them to dividends on profits earned | trust |
A market in which one company has complete control over an industry's production, quality, wages paid, and prices charged | monopoly |