A corporation is a business owned by .
The main goal of corporations is to make a
A trust is when one company eliminates all of its competition so that it is the only business left in the industry.
A
Corporations often try to take over other businesses as a way to eliminate their competition.
Match the type of integration to its definition.
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
Vertical Integration | arrow_right_alt | When businesses buy out all of their competition |
Horizontal Integration | arrow_right_alt | When businesses buy all of the companies that supply them |
If John D Rockefeller, the head of Standard Oil, bought out another oil company, which type of integration would he be using?
If Cornelius Vanderbilt, a railroad tycoon, bought all the steel and lumber companies, he would be engaging in which type of integration?
One benefit of vertical integration is that you no longer have to purchase all the supplies you need from another company.
One benefit of having larger and more complex corporations was that business owners could rely on traditional management strategies that they were very familiar with.
Check off all of the following that were considered major industries during the Gilded Age.
Most of the powerful corporations during the Gilded Age worked as part of trusts so that they could eliminate their competition more efficiently and effectively.
What was the ultimate goal of the stockholders in Gilded Age corporations?
What usually happens to the price of goods when they are produced in greater volumes and at faster rates?
Why would a business sell stock?
If a person were to buy stock in the American Tobacco Company, then they would become part owner of that company.
What would happen to most other businesses if a company like Carnegie Steel acted as a monopoly?
Monopolies were illegal during the Gilded Age.
If a monopoly drives its competition out of business, it has to keep its prices low even though it no longer has any competition.
Powerful corporations had the ability to influence the government and make sure that the laws favored them.
Businessmen who engaged in evil and corrupt business strategies were often referred to as .
One of the problems in the Gilded Age was that the government made so many laws for the economy that business owners could barely make a profit.
Check off all of the following actions that could have made a businessman a "captain of industry."