History Final

Front

What is the Chinese Exclusion Act?

Back

The first federal law to prohibit immigration from a specific ethnic group, specifically targeting Chinese immigrants.

Front

Who was JP Morgan?

Back

A banker that controlled major industries and reorganized struggling businesses.

Front

What does Laissez-faire economics mean?

Back

A principle of minimal government interference in business.

Front

What are Robber Barons?

Back

Industrial leaders who maintained their power without accountability or morals.

Front

What is a monopoly?

Back

A company with exclusive control over an industry or market.

Front

What is horizontal integration?

Back

A strategy where a company acquires or merges with competitors to increase market share.

Front

What is the Sherman Antitrust Act?

Back

A federal law aimed at preventing monopolies and promoting competition.

Front

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

Back

Business leaders who positively contributed to the economy and society.

Front

What is Social Darwinism?

Back

A belief that the strongest individuals or groups will naturally prevail in society.

Front

What is the Gospel of Wealth?

Back

An idea that wealthy individuals have a responsibility to use their wealth for the greater good.