stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
American History- Big Business in the US Flashcards | StudBud
Explore
/
American History- Big Business in the US
American History- Big Business in the US
15 terms
·
StudBud Administration
·
284 plays
Learning Goals 2-4
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
Owning all the businesses in a certain industry
vertical integration
horizontal integration
2
The term "Big Business" used during the Second Industrial revolution describes:
the large corporations that dominated industry
Nothing
The social classification system
The government
3
This man is credited for helping build up the United States Steel Industry
Andrew Carnegie
Samuel Gompers
John D. Rockefeller
J.P. Morgan
4
Businesses that sell stock on the open market are called:
family owned businessed
small independent stores
mom and pop shops
corporations
5
a grouping together of a number of companies with the same board of directors
chief operating officer
trust
board secretary
monopoly
6
This man is most famous for his connections to the oil refining business
John D. Rockefeller
Andrew Carnegie
Samuel Gompers
J.P. Morgan
7
This law tried to make monopolies illegal in the US
Sherman Antitrust Act
Shermine Antitrust Act
Sherpa Antitrust Act
Sherwood Antitrust Act
8
Why did some groups support Big business practices?
Rich donate money
Natural selection in the business world
red and blue
NONE
9
The Sherman Antitrust act successfully prosecuted all the illegal monopolies in the US
False
True
10
Philanthropy
donating large sums of money to charity
donating businesses to the wealthy
collecting large sums of money from charities
selling businesses to the poor
11
The movement to end monopolies and trusts in the business world was called:
anti-monopoly movement
anti- philanthropic movement
anti-trust movement
anti-business movement
12
Why did some groups OPPOSE big business practices?
monopolies had too much control
NONE
interfered with market competition
Blue and Yellow
13
Trusts made money because they eliminated:
supply
demand
presidents
market competition
14
Social Darwinism:
weak animals die off
only strong animals should succeed in business
applied the theory- survival of the fittest to business
only those with the best genes should own businesses
15
Buying all the businesses in the production steps of a particular industry
horizontal integration
vertical integration
