pt 3 Flashcards
1
Q
all phases of a products development
A
vertical integration
2
Q
who used horizontal integration
A
rockefeller
3
Q
loose association of buisnisess producing the same product, its members agree to limit supplies
A
cartel
4
Q
who used vertical integration
A
carnegie
5
Q
corporation
A
a number of people share ownership of a business
6
Q
andrew carnegie’s gospel of wealth he believes that
A
rich should give money away to charity
7
Q
social darwinism
A
those who have great wealth were entitled to it (privileged)
8
Q
monopoly
A
exclusive or complete control over a product
9
Q
sherman antitrust act
A
outlawed monopoly’s
10
Q
interstate commerce commission
A
monitored rail roads going state to state and initiated investigations of unfairness
