Big Business Rises

a number of people share the ownership of a business

• horizontal integration

• trust

• cartel

• corporation

businesses making the same product agree to limit their production and thus keep prices high

• monopoly

• vertical integration

• cartel

• corporation

complete control of a product or service

• monopoly

• trust

• cartel

• Social Darwinism

companies assign their stock to a board who combines them into new organizations

• horizontal integration

• trust

• cartel

• corporation

the strategy of buying up the competition or driving them out of business to form a monopoly

• vertical integration

• Social Darwinism

• horizontal integration

• corporation

the strategy of owning all stages of production needed to manufacture a product

• vertical integration

• Social Darwinism

• horizontal integration

• cartel

steel tycoon who owned all the stages of steel production including mines, transportation, and steel mills

• John D. Rockefeller

• Andrew Carnegie

• Thomas Edison

• Andrew Bessemer

oil tycoon who mad agreements with railroads that made it difficult for his competition to ship their products

• John D. Rockefeller

• Andrew Carnegie

• Thomas Edison

• Henry Bessemer

only the wealthy are fit because wealth itself is a measure of a persons inherent worth

• horizontal integration

• Social Darwinism

• Sherman Antitrust Act

• Interstate Commerce Commission

outlawed anything that restrained trade or commerce among the states

• horizontal integration

• Social Darwinism

• Sherman Antitrust Act

• Interstate Commerce Commission