the rise of business

Question Answer
Capitalism theory that individual ownership should not be allowed
Free Enterprise an economic system in which private business operates in competition and largely free of state control.
Communism a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Social Darwinism The term Social Darwinism is used to refer to various ways of thinking and theories that emerged in the second half of the 19th century and tried to apply the evolutionary concept of natural selection to human society.
Corporation A corporation is a company or group of people authorized to act as a single entity and recognized as such in law. Early incorporated entities were established by charter.
Trust American English term for a large business with significant market power. It is often used in a historical sense to refer to monopolies or near-monopolies in the United States during the Second Industry.
Monopoly exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly. 2. an exclusive privilege to carry on a business, traffic, or service, granted by a government.
Vertical Integration a strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.
Horizontal Integration The merger of companies at the same stage of production in the same or different industries. When the products of both companies are similar, it is a merger of competitors. When all producers of a good or service in a market merge.
Cornelius Vanderbilt Cornelius Vanderbilt, also known informally as "Commodore Vanderbilt", was an American business magnate and philanthropist who built his wealth in railroads and shipping
George Pullman George Mortimer Pullman was an American engineer and industrialist. He designed and manufactured the Pullman sleeping car and founded a company town, Pullman, for the workers who manufactured it.
Horatio Alger Jr. Horatio Alger Jr. was a prolific 19th-century American writer, best known for his many young adult novels about impoverished boys and their rise from humble backgrounds to lives of middle-class security.
Andrew Carnegie Andrew Carnegie was a Scottish-American industrialist, business magnate, and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and is often identified as one of the richest people ever.
John D. Rockefeller John Davison Rockefeller Sr. was an American oil industry business magnate, industrialist, and philanthropist. He is widely considered the wealthiest American of all time, and the richest person in modern history.