Economic Concepts and Historical Figures

Front

Laissez-faire economic policy

Back

The government should leave businesses alone.

Front

Ownership of a corporation

Back

A corporation is owned by its stockholders.

Front

Term for a company dominating an industry

Back

Monopoly

Front

Technology used by Henry Ford for mass production

Back

Assembly line

Front

Capitalism's ownership of production

Back

Factories and other means of production are privately owned.

Front

Andrew Carnegie's philanthropy

Back

He used his wealth to benefit society.

Front

Business strategy of joining firms in the same industry

Back

Horizontal integration

Front

Post-Civil War societal evolution in the U.S.

Back

From largely agricultural to complex industrial society.

Front

Factors leading to big business rise in the 1900s

Back

Lack of competition, laissez-faire economics, or all of the above.

Front

Progressive reform enacted by a constitutional amendment

Back

Women's suffrage