Urbanization and Industrialization Terms

What is the definition of a Robber Baron?

• Someone who owns or manages a large, successful business or company

• A person or organization that works to prevent illegal arrangements between companies

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• The exclusive possession or control of the supply of or trade in a commodity or service

What is the definition of a Captain of Industry?

• Someone who owns or manages a large, successful business or company

• A person or organization that works to prevent illegal arrangements between companies

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• The exclusive possession or control of the supply of or trade in a commodity or service

What is the definition of a Monopoly?

• Someone who owns or manages a large, successful business or company

• A person or organization that works to prevent illegal arrangements between companies

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• The exclusive possession or control of the supply of or trade in a commodity or service

What is the definition of a Trust?

• Someone who owns or manages a large, successful business or company

• A person or organization that works to prevent illegal arrangements between companies

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• An industrial organization, in which the voting rights of a controlling number of shares of competing firms were entrusted to a small group of men, or trustees, who thus were able to prevent competition among the companies they controlled

What is the Progressive Era?

• Someone who owns or manages a large, successful business or company

• A period where people sought to connect the power of the federal government to eliminate unethical and unfair business practices, reduce corruption, and lessen the negative social effects of industrialization

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• The exclusive possession or control of the supply of or trade in a commodity or service

What is the definition of Laissez-faire?

• Someone who owns or manages a large, successful business or company

• A policy or attitude of letting things take their own course, without interfering

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• The exclusive possession or control of the supply of or trade in a commodity or service

What is the definition of a Trustbuster?

• Someone who owns or manages a large, successful business or company

• A person or organization that works to prevent illegal arrangements between companies

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• An industrial organization, in which the voting rights of a controlling number of shares of competing firms were entrusted to a small group of men, or trustees, who thus were able to prevent competition among the companies they controlled

What does the Sherman Anti-trust Act prohibit?

• Activities that restrict interstate commerce and competition in the marketplace

• A person or organization that works to prevent illegal arrangements between companies

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• An industrial organization, in which the voting rights of a controlling number of shares of competing firms were entrusted to a small group of men, or trustees, who thus were able to prevent competition among the companies they controlled

What is the definition of Horizontal Integration?

• When one firm acquires another firm operating in the same industry or producing the same line of product

• A person or organization that works to prevent illegal arrangements between companies

• People who typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry

• An industrial organization, in which the voting rights of a controlling number of shares of competing firms were entrusted to a small group of men, or trustees, who thus were able to prevent competition among the companies they controlled

What is the definition of Vertical Integration?

• When one firm acquires another firm operating in the same industry or producing the same line of product

• A person or organization that works to prevent illegal arrangements between companies

• Form of business organization in which all stages of production of a good, from the acquisition of raw materials to the retailing of the final product, are controlled by one company

• An industrial organization, in which the voting rights of a controlling number of shares of competing firms were entrusted to a small group of men, or trustees, who thus were able to prevent competition among the companies they controlled