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6.2
The Rise of Big Business
| Question | Answer |
|---|---|
| Capitalism | Investment in and ownership of means of production |
| Free Enterprise | An economic system in which private operates in competition |
| Communism | A political theory derived from Karl Marx |
| Social Darwinism | Individual groups, and peoples are subject |
| Corporation | Company or group |
| Trust | Firm belief |
| Monopoly | Possession or control |
| Vertical Integration | combination in one company of two or more stages |
| Horizontal Integration | process of a company increasing production |
| Cornelius Vanderbilt | American busniess |
| George Pullman | inventor of the Pullman sleeping car |
| Horatio Alder Jr. | Wrote over 100 books |
| Andrew Carnegie | leader of the American steel industry |
| John D. Rockefeller | Built his first oil refinery near cleveland |