Question | Answer |
---|---|
Capitalism | Economic system in wivh private business runs most industries |
Free Enterprise | Belief that the economy will prosper if business are left free from government . |
Communism | Written by Thomas Paine that stirred up publicsupport for american Revolution . |
Social Darwinism | Theory adapted by philosopher ministers in late 1800s |
Corporation | Company that sells shares of owernership called stockto investors . |
Trust | Arrangment grouping several companies undera single board of directions. |
Monopoly | Exclusive economic control of an industry . |
Vertical Integration | Owernership of business involved in each step of a manufacturing process . |
Horizontal Integration | Ownership of several companies that make the same product. |
Cornelius Vanderbilt | Was a pioneer of the rairoad industry of the Civil War |
George Pullman | One of the most successful railroad giants |
Horatio Alger Jr . | Published a popular series of novel that reflected the increasing importance placed on individualism . |
Andrew Carnegie | Invested in stock as he had |
John D. Rockfeller | One founder of the standered Oil Company , Flollowed a course similar to andrew Carnegies |