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QuestionAnswer
what is bessemer process? an inafective way to remove impurties from steel.
who brought the bessemer process to the US? Andrew Carnegie
what is vertical integration? When one company owns all the parts of the US process
what is horizontal intergration? when one company owns all the producers of the product
holding companies companies that bought majorities in many competing companies
interlocking directorates the same board of directors that is in control of various companys
Sherman Antitrust Act passed in 1890 and outlawed trust and monopolies
John D. Rockefeller liquid assets
Andrew caregie cold hard cash and he owned steel
Cornelius Vanderbilt railroading
J.P Morgan backstage baron
soical darwinism the best company would survive and thrive
Gospel of wealth the idea that it was the responsibilty of the rich people to give money to the poor
Created by: 911107
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