political cartoon, do # 1-5
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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| show | 1. Because Standard Oil is branching out and taking over more and more companies/ suppliers. It saying its growing bigger and bigger and the octopus shows that it is a big company with lots of hands.
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| Section Assesment. do # 1-5 | show 🗑
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| show | Corporation: a busuness in which investors own shares Monopoly: total control of a type of industry by one person or one company Vertical Integration: The combining of companies that supply equipment & services needed for a certain industry
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| Vocabulary continued | show 🗑
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| show | 2. Pittsburgh and Pennsylvania became the steel capital of the United States. Other cities also became steel capitals because they were close to rivers, some them are Cleveland, Chicago, Detroit and Birmingham, Alabama.
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| show | 3. Rockefeller used horizontal integration-combining competing firms into one corporation. Rockefellet lowered his prices to drive his competitors out of business. He also pressured customers not to deal with rival oil companies.
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| show | 3. HE also pusueded the railroads to grant him rebates in exchange for his business.
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| 4. List two benifits of competition to consumers. | show 🗑
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| show | Rockefeller used horizontal integration- combining competing firms into one corporation. Carnegie used vertical integration- acquiring companies that provided the equipment & sevices for him.
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| 6. Study the cartton on page 569. Whom do the figures represent? What is the cartoon saying about the standard oil company? | show 🗑
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Created by:
ironchef