Economic Expansion in the late 1800s

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What is Social Darwinism?

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Pseudoscience that applied Darwin's Theory of Evolution to Society

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Vertical Integration is?

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when a business buys up all the things they need to make, distribute, and sale their product (control the supply chain)

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Industrialization was able to explode in the United States after the Civil War because? Abundance of Natural Resources, Booming Population, Business Friendly Laws, Hard Working individuals, Freed Slaves went to work in the factories, Gold was discovered in California which people invested in Factories

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Abundance of Natural Resources, Booming Population, Business Friendly Laws

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The Free Enterprise System fueled economic growth in the late 1800's because?

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freedom to run a business with limited government involvement in business

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Laissez-Faire Economic Policies are?

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Policies with limited Governmental Regulation

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Protective Tariffs are?

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Governmental policies that tax another countries goods to make them more expensive so people buy their own countries goods as they are cheaper

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Horizontal Integration is?

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When a company buys up all of its rivals to make one large company

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This political cartoon is critical of? A company that uses too much of a natural resource like coal, Captains of Industry and the monopolies they created, Men with mustaches, Union workers

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Captains of Industry and the monopolies they created