Question | Answer |
---|---|
Capitalism | An economic system used by the United States in which private businesses run most industries. |
Free Enterprise | Businesses that are free from government regulation. |
Communisim | A theory that proposes that no one person can have full ownership of a property. |
Social Darwinism | The thought that people who make money are the fittest people and those who don't are the unfit. |
Corporation | A corporation is a "business" that shares stock with stockholders. |
Trust | A group of companies turn control of their stock over to a common board of trustees. |
Monopoly | Having ownership or control of a business, supply, or trade. |
Vertical integration | Companies that provide materials and services upon which a certain person's enterprises depend on. |
Horizontal integration | One company's control of other companies producing the same product. |
Cornelius Vanderbilt | A pioneer of the railroad industry. |
George Pullman | A successful railroad giant who manufactured railroad cars that made long-distance railroad travel more comfortable. |
Horatio Alder Jr. | The writer of many novels based around the importance of individualism. |
Andrew Carnegie | An industrialist man who became the leader of the steel industry. |
John D. Rockefeller | One founder of the standard oil company who was much like Andrew Carnegie. |