USHC Unit 4 Section 1 - Wilson HS

What is the complete control of a product or service by one company?

• Oligopoly

• Monopoly

• Socialism

• Cartel

What is the bringing together of many firms in the same business to form one large company?

• Vertical Integration

• Horizontal Integration

• Conglomeration

• Consolidation

What is the process of consolidating many different businesses that make up all steps of a product's development?

• Vertical Integration

• Horizontal Integration

• Trust

• Conglomeration

John D. Rockefeller made his fortune in the oil industry. What business practice did he utilize?

• Horizontal Integration

• Vertical Integration

• Consolidation

• Interlocking Directories

Andrew Carnegie made his fortune in the steel industry. What business practice did he utilize?

• Horizontal Integration

• Vertical Integration

• Consolidation

• Interlocking Directories

What government legislation was passed, yet failed, to prevent the creation of monopolies and trusts?

• Interstate Commerce Act

• Federal reserve Act

• Pendleton Act

• Sherman Antitrust Act

What 19th century business leader advocated that the wealthy should be able to make as much money as they want as long as they give back, which was explain in his "Gospel of Wealth"?

• John D. Rockefeller

• J.P. Morgan

• Cornelius Vanderbilt

• Andrew Carnegie

What is a group of separate companies that are placed under the control of a single managing board in order to form a monopoly?

• Cartel

• Guild

• Trust

• Interlocking Directory

What is the term used to identify those leaders in business who established their fortune through exploitation?

• Captain of Industry

• Robber Baron

• Yankee Doodle Dandy

• Muckraker

What is the belief that certain business leaders were superior to others and therefore destined to rule over their industry/economy?

• Trustbuster

• Captain of Industry

• Social Darwinism

• Venture Capitalist