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new bussiness..
US history
| Question | Answer |
|---|---|
| what was an effective way to remove impurities | Bessemer Process |
| brought the Bessemer process to the US | Andrew Carnegie |
| When one company owns all the parts of a process (US Steel- Carnegie) | Vertical Integration |
| When one company owns all of the producers of a product (Standard Oil- Rockefeller) | Horizontal Integration |
| what are Companies that bought majorities in many competing companies (JP Morgan) | Holding Companies |
| what is the same board of directors is in control of various companies | Interlocking Directorates |
| what act was Passed in 1890, outlawed trusts, monopolies | Sherman Antitrust Act |
| Liquid Assets | John D. Rockefeller |
| Cold, Hard Cash, Owned steel industry | Andrew Carnegie |
| Railroading | Cornelius Vanderbilt |
| Backstage Baron | J.P. Morgan |
| what was The idea that the best company would thrive and survive! | Social Darwinism |
| The idea that it was the responsibility to give money to charity's and to the arts. | Gospel of Wealth |
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