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US History- Unit 6

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Question
Answer
Define Giant of Industry   Native born large industry.  
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Define Robber Barons   Consisted of kings, dukes, and counts. Didn't understand the concept that you could have money and still care about others. They also went by "survival of the fittest" (social Darwinism). If someone was too stupid to ask questions, it's their own fault.  
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Explain Trust   Once you gain 60% of an industry  
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Sold goods at low prices until they could buy out all the other companies and then shoot prices really high once they've seized control.   Robber Barons  
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Holding company   Never sell more than 49% of stock, and they're a company that buys up stock for the purpose of selling stock.  
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A trust is also known as:   A Monopoly  
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A monopoly is also known as:   A Trust  
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Created by: catcatbob
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