Trusts Group of corporations run by a single board of directors. Stockholders receive high dividends Give up their right to choose board of directors.

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Presentation transcript:

Trusts Group of corporations run by a single board of directors. Stockholders receive high dividends Give up their right to choose board of directors.

Rockefeller’s Standard Oil Trust

Monopoly Monopoly controls all or nearly all the business of an industry. Ex. Standard Oil Company controlled 95% of all oil refining in U.S.

Sherman Antitrust Act, 1890 Bans the formation of trusts and monopolies.

ARE THERE ANY MONOPOLIES IN TODAY’S WORLD? HMMMMMM………..?

Free Enterprise System Businesses are owned by private citizens.

FREE ENTERPRISE 1. PRIVATE OWNERSHIP 2. COMPETITION 3. GOOD PRODUCT AT GOOD PRICE

Free Enterprise In The Fast Food Industry

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