| Term | Definition |
|---|---|
| Capitalism | an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. |
| Free Enterprise | the practice of free enterprise in an economy, or the right to practice it. |
| Communism | a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state. |
| Social Darwinism | States that society progresses through competion, with the most competive rising to positions of wealth and power. |
| Corporation | A company that sells stock to investors in order to raise money. |
| Trust | |
| Monopoly | |
| Vertical Integration | |
| Horizontal Integration | |
| Cornelius Vanderbilt | |
| George Pullman | |
| Horatio Alger Jr. | |
| Andrew Carnegie | |
| John D. Rockefeller |
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