A corporation is business that is
A trust is a
A monopoly is a business that
Corporations often
Horizontal integration occurs when
Vertical integration occurs when
As corporations grew
The Gilded Age was defined by its
Most of the industries listed above were dominated by
A number of Gilded Age corporations became
These businesspeople were known as "
Match the term with the definition.
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
Monopoly | arrow_right_alt | Business owned by stockholders with the goal of making a profit |
Corporation | arrow_right_alt | Group of businesses in the same industry that work together to try to eliminate the rest of their competition |
Trust | arrow_right_alt | 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
Ex: If McDonald's were to buy out Burger King and Wendy's
Mostly done to streamline its business (with the goal of making a bigger profit)
When a business buys out all of its competition
Ex: If McDonald's were to buy cow farms, paper goods companies, and soda companies
Mostly done to eliminate competition (with the goal of making a bigger profit)
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.
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.
What is the main goal of a trust?
Laws in the Gilded Age prevented companies from becoming monopolies.
Standard Oil was practically the
People who own most of the stock in monopolies can become very wealthy.
In the Gilded Age, everyone agreed that the business tycoons were heroes because they helped the U.S. become an economic superpower.