Robber Barons

Front

What is Horizontal Integration?

Back

Horizontal Integration is a business strategy where a company buys out or merges with its competitors in the same industry to increase market share and reduce competition.

Front

What is a Trust in business terms?

Back

A Trust is an arrangement where multiple companies in the same industry come together to control prices and limit competition, often leading to monopolistic practices.

Front

What is a Monopoly?

Back

A Monopoly is a market structure where a single company or entity has complete control over a service, product, or industry, preventing competition.

Tags

CCSS.RI.7.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.7.7

CCSS.RL.8.7

Front

Who are the Robber Barons?

Back

Robber Barons refers to wealthy industrialists in the late 19th century who used ruthless business practices to amass wealth and power.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Front

Who was John D. Rockefeller?

Back

John D. Rockefeller was an American oil industry magnate who founded the Standard Oil Company and is often considered a Robber Baron due to his business practices.

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Front

What is Vertical Integration?

Back

Vertical Integration is a business strategy where a company expands its operations by acquiring companies at different stages of production within the same industry.

Front

What does the term 'Captain of Industry' refer to?

Back

Captain of Industry refers to business leaders whose means of amassing a personal fortune contributed positively to the country in some way.

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Front

What is the Gilded Age?

Back

The Gilded Age is a term used to describe the late 19th century in the United States, characterized by rapid economic growth, industrialization, and the rise of Robber Barons.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Front

What is the significance of the Standard Oil Company?

Back

The Standard Oil Company, founded by John D. Rockefeller, became a symbol of monopoly power and led to significant antitrust legislation in the United States.

Front

What is the Sherman Antitrust Act?

Back

The Sherman Antitrust Act is a landmark federal statute passed in 1890 that aimed to prevent monopolistic practices and promote competition.