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chapter 4.5,6,7
chapter 4 industrial
| Question | Answer |
|---|---|
| 4 factors for industrial growth | natural resources(oil), capitalism, gov support, urbanization |
| Cartel | producers that price and control stock to monopolize the market |
| Trust | seperated companies under control of managing board to form a monopoly |
| Sherman Antitrust Act | banned trust for interstate trade to commerce |
| Corporations | legal unit that has rights seperated from each member |
| horizontal | consalidating firms in the same district |
| vertical | consolodating firms involved in all steps of a products manafacture |
| ICC | 1st federal agencie watching businesses operation. (interstate rr) |
| Farmers alliance | organization that worked for political and economic reform |
| Grange movement | no middleman and put limits on rr |
| grange laws | laws protecting farms |
| Thomas nast | political cartoonist |
| Spoils system | the system of employing and promoting civil servants who are friends and supporters of the group in power |