Big Business

What is owning all the businesses in a particular field?

• Vertical Integration

• Horizontal Integration

• Trust

• Antitrust

John D. Rockefeller practiced horizontal integration by buying

• wildcatters

• oil refining business

• steel businesses

• pipelines and tankers

Trusts sought to increase their profits by eliminating

• competition

• monopolies

• rebates

• philanthropy

Social Darwinists were against

• laissez faire capitalism

• survival of the fittest

• government regulation of business

• unsafe working conditions

Philanthropists

• gave millions to charity

• combined to drive small industries out of business

• criticized unfair business practices

• protested laissez faire capitalism

The Sherman Antitrust Act was passed to

• make monopolies illegal

• encourage philanthropy

• regulate the NY Stock Exchange

• control the boom and bust cycle

Owning every step in the manufacturing process is

• trust

• monopoly

• vertical integration

• horizontal integration

Free enterprise is

• free government help for business

• giving away free samples to win new customers

• business that is free from government involvement

• freedom from monopolies

Entrepreneurs are people who

• give money to charity

• set up new businesses

• believe in Social Darwinism

• oppose trusts and monopolies

Corporations sold stock to

• raise money for expansion

• advertise their products

• achieve vertical integration

• compete in the NY Stock Exchange