Download presentation
Published byPrimrose Goodman Modified over 9 years ago
1
1. Vertical Integration A. The process by which a company buys out all of its suppliers B. Gave a company total power over the quality and cost of its product; helped to create a monopoly
2
1. Horizontal Integration
A. The Process in which a company buys out, or merges with, its competitors B. Gave a company control over its competition; helped to create a monopoly
3
1. Social Darwinism A. An economic theory based on Darwin’s theory of biological evolution; it asserted that free competition would ensure success or failure B. Glorified big business and tycoons; also discouraged government interference with big business
4
1. Monopoly A. Complete control over an industry’s production, quality, wages, and prices B. Eliminated a company’s competition, allowing it to increase profits
5
1. Holding Company A. A corporation that does nothing but buy out the stock of other companies B. Helped to create monopolies
6
1. Trust A. A large corporation made up of many companies that receive certificates entitling them to dividends on profits earned by all the companies combined B. Helped to create monopolies
7
The Perception of tycoons as “robber barons”
Put tycoons on the defensive; turned public opinion against them and their businesses; finally, encouraged government regulation of big business
8
Sherman Antitrust Act Made trusts (and monopolies) illegal in interstate trade; made it possible (though not easy) to prosecute companies
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.