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US History- Unit 6

QuestionAnswer
Define Giant of Industry Native born large industry.
Define Robber Barons Consisted of kings, dukes, and counts. Didn't understand the concept that you could have money and still care about others. They also went by "survival of the fittest" (social Darwinism). If someone was too stupid to ask questions, it's their own fault.
Explain Trust Once you gain 60% of an industry
Sold goods at low prices until they could buy out all the other companies and then shoot prices really high once they've seized control. Robber Barons
Holding company Never sell more than 49% of stock, and they're a company that buys up stock for the purpose of selling stock.
A trust is also known as: A Monopoly
A monopoly is also known as: A Trust
Created by: catcatbob