lesson2
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| corporations | businesses that sell portions of ownership called stock shares.
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| Stockholders | in a corporation typically get a percentage of pro ts based on the amount of stock they own.
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| Andrew Carnegie | was one of the most admired business people of the time. Worked in Railroad business focused on steel
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| Vertical Integration | ownership of businesses involved in each step of a manufacturing process. /Carnegie largely seceded in this
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| John D. Rockefeller | made an oil-refining company, was also successful in consolidating, or combining, businesses.
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| horizontal integration | or owning all businesses in a certain field.
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| trust | a legal arrangement grouping together a number of companies under a single board of directors.
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| How do you earn more money in a trust? | trusts often tried to get rid of competition and to control production.
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| Leland Stanford | made a fortune selling equipment to miners, one of the founders of the state’s Central Pacific railroad, founded Stanford University
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| Social Darwinism | a view of society based on scientist Charles Darwin’s theory of natural selection.
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| What did Social Darwinists believe | that Darwin’s “survival of the fittest” theory decided which human beings would succeed in business and in life in general.
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| philanthropy | giving money to charities.
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| monopoly | total ownership of a product or service. Critics argued that monopolies reduced necessary competition.
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| Sherman Antitrust Act | a law, passed by congress that made it illegal to create monopolies or trusts that restrained trade.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
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