| A | B |
|---|
| Andrew Carnegie | One of the first industrial moguls to make his own fortune. |
| Vertical Integration | Company's taking over its suppliers and distributors to gain control over the quality and cost of its product. |
| Horizontal Consolidation | The merging of companies that make similar products. |
| Social Darwinism | An economic and social philosophy |
| Monopoly | A complete control over an industry, achieved by buying up or driving out of business all competitors. |
| Holding Company | A corporation formed to buy up the stock of other companies and thus create a monopoly. |
| John D. Rockefeller | Head of the Standard Oil Company, which, within a decade controlled 90% of the refining business. |
| Trust | A method of consolidating companies, in which particapants turn their stocksover to a board of trustees, who run the companies as one large corporation. |
| Sherman Antitrust Act | A law enacted in 1890, that was intended to prevent the creation of monopolies by making it illegal to establish trusts that interfered with free trade. |
| ten | 10 |
