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Big Business' rise
|Economic system in which private business runs most industries, and competition determines how much goods cost and workers are paid.
|Belief that the economy will prosper if business are left free from the government regulation and allowed to compete in a free market.
|A theory that proposes that all people should own property and the means of production and that individual ownership should not be allowed.
|A theory by Herbert Spencer. He argued that society progresses through competition.
|Company that sells shares of ownership called stock to investors in order to raise money.
|Grouping several companies under a single board od directors to eliminate competition.
|Exclusive economic control of an industry.
|Ownership of businesses involved in each step of a manufacturing process.
|Ownership if several companies that make the same product.
|Owned a railroad shipping company during the Civil War.
|Owned factories that built high class passenger-railroad-cars.
|Horatio Alder Jr.
|Published a popular series of novels that reflected the increasing importance placed on individualism.
|Was the founder of his steel company.
|John D. Rockefeller
|A founder of the standard oil company.