18-2 "Big Business"

Business that sells portions of their ownership - stocks

• Corporation

• Company

• Vertical Integration

• Association

Ownership involved in each step of the manufacturing process

• Vertical Integ.

• Hortizontal Integ.

• Diagonal Integ.

• Corporation

Owning businesses in a certain field

• Vertical integration

• Horizontal Integration

• Diagonal Integration

• Corporation

Giving of money to charities

• Christendom

• Monopoly

• Generosity

• Philanthropy

Number of companies under a single board of directors

• Trust

• Monopoly

• National Grange

• Corporations

Total ownership of a product

• Oligopoly

• Philanthropy

• Monopoly

• Corportation

Andrew Carnegie made his wealth in the oil-refining business.

• True

• False

The Sherman Anti-Trust Act made it illegal to create monopolies that restrained trade.

• True

• False

Leland Stanford was influential in what area?

• farming

• railroads

• ranching

• steel making

What area did John D. Rockefeller make his wealth?

• Oil

• Steel

• Railroads

• Farming