☀️ C1 - GILDED AGE BUSINESS: GUIDED NOTES (MUST-DO)

Last updated about 4 years ago

21 questions

GILDED AGE BUSINESS: GUIDED NOTES

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GILDED AGE BUSINESS: PRACTICE

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☀️ C1 - GILDED AGE BUSINESS: GUIDED NOTES (MUST-DO)

Last updated about 4 years ago

21 questions

GILDED AGE BUSINESS: GUIDED NOTES

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A corporation is business that is _______ with the goal of _______.

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A trust is a _______ in the _______ that _______ to try to _______.

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A monopoly is a business that _______. 

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Corporations often _______ as a way to _______, _______, and _______.

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Horizontal integration occurs when _______ (ex: if _______ buys out _______ or _______).

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Vertical integration occurs when _______ (ex: if _______ buys out _______, _______, _______, etc...).

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As corporations grew _______ and _______, they needed _______ to make their _______ more _______ and _______ so that their companies could become more _______.

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The Gilded Age was defined by its _______, each of which was _______ to create some of the _______ the world has ever seen. Examples of these dominant industries are: _______, _______, _______ _______, and _______. 

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Most of the industries listed above were dominated by _______ (meaning the _______ to _______ so that they could ultimately _______.

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A number of Gilded Age corporations became _______ (meaning they were pretty much the _______ in the _______ - ex: Standard Oil was practically the _______ in the whole country), allowing the people who _______ to become _______.

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These businesspeople were known as "_______" and there was great debate about whether they were _______ who _______ or if they were _______ and _______, forcing the government to _______.

GILDED AGE BUSINESS: PRACTICE

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Draggable item		Corresponding Item

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Standard Oil was practically the _______ oil company in the entire country during the Gilded Age.

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A corporation is business that is _______ with the goal of _______.

A trust is a _______ in the _______ that _______ to try to _______.

A monopoly is a business that _______. 

Corporations often _______ as a way to _______, _______, and _______.

Horizontal integration occurs when _______ (ex: if _______ buys out _______ or _______).

Vertical integration occurs when _______ (ex: if _______ buys out _______, _______, _______, etc...).

As corporations grew _______ and _______, they needed _______ to make their _______ more _______ and _______ so that their companies could become more _______.

The Gilded Age was defined by its _______, each of which was _______ to create some of the _______ the world has ever seen. Examples of these dominant industries are: _______, _______, _______ _______, and _______. 

Most of the industries listed above were dominated by _______ (meaning the _______ to _______ so that they could ultimately _______.

A number of Gilded Age corporations became _______ (meaning they were pretty much the _______ in the _______ - ex: Standard Oil was practically the _______ in the whole country), allowing the people who _______ to become _______.

These businesspeople were known as "_______" and there was great debate about whether they were _______ who _______ or if they were _______ and _______, forcing the government to _______.

Match the term with the definition.

Draggable item		Corresponding Item
Monopoly		Business owned by stockholders with the goal of making a profit
Corporation		Group of businesses in the same industry that work together to try to eliminate the rest of their competition
Trust		A business that dominates an entire industry

Place each of the following items in the appropriate category

When a business buys all of the companies that supply it
Mostly done to streamline its business (with the goal of making a bigger profit)
Ex: If McDonald's were to buy cow farms, paper goods companies, and soda companies
Ex: If McDonald's were to buy out Burger King and Wendy's
Mostly done to eliminate competition (with the goal of making a bigger profit)
When a business buys out all of its competition

Horizontal Integration
Vertical Integration

As corporations grew larger and more complex, they needed to come up with new management strategies to make their companies more efficient, productive, and profitable.

True

False

Check off all of the following that were considered dominant industries during the Gilded Age.

Most of the dominant industries during the Gilded Age were part of trusts.

True

False

What is the main goal of a trust?

To spread wealth among both large and small companies

To try new ideas

To produce the best product

To eliminate competition

Laws in the Gilded Age prevented companies from becoming monopolies.

True

False

Standard Oil was practically the _______ oil company in the entire country during the Gilded Age.

People who own most of the stock in monopolies can become very wealthy.

True

False

In the Gilded Age, everyone agreed that the business tycoons were heroes because they helped the U.S. become an economic superpower.

True

False

Match the term with the definition.

Monopoly

Business owned by stockholders with the goal of making a profit

Corporation

Group of businesses in the same industry that work together to try to eliminate the rest of their competition

Trust

A business that dominates an entire industry

Place each of the following items in the appropriate category

When a business buys all of the companies that supply it 

Mostly done to streamline its business (with the goal of making a bigger profit)

Ex: If McDonald's were to buy cow farms, paper goods companies, and soda companies

Ex: If McDonald's were to buy out Burger King and Wendy's

Mostly done to eliminate competition (with the goal of making a bigger profit)

When a business buys out all of its competition

Horizontal Integration

Vertical Integration

As corporations grew larger and more complex, they needed to come up with new management strategies to make their companies more efficient, productive, and profitable.

True

False

Check off all of the following that were considered dominant industries during the Gilded Age.

Meat

Railroads

Steel

Oil

Sugar

Plastics

Radios

Automobiles

Televisions

Most of the dominant industries during the Gilded Age were part of trusts.

True

False

What is the main goal of a trust?

To spread wealth among both large and small companies

To try new ideas

To produce the best product

To eliminate competition

Laws in the Gilded Age prevented companies from becoming monopolies.

True

False

People who own most of the stock in monopolies can become very wealthy.

True

False

In the Gilded Age, everyone agreed that the business tycoons were heroes because they helped the U.S. become an economic superpower.

True

False