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619-622 Big Business

Review

AB
CorporationsSelling of ownership & stocks
StockholdersThose that buy stocks
Board of GovernorsPolicy-Making group for company
StocksIndividual parts of company that are sold and bought
Andrew CarnegieUS Steel
Vertical IntegrationOwning all parts of the steel-production process
John D. RockefellerStandard Oil
Horizontal IntegrationOwning all the businesses in a certain field
TrustsGrouping a number of businesses under 1 board of directors or governors
Social DarwinismSurvival of the fittest in business
MonopolyOwning all of an industry, like oil or steel, and driving up the prices
Sherman Antitrust ActLaw that limits monopolies


FL

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