A | B |
Corporations | Selling of ownership & stocks |
Stockholders | Those that buy stocks |
Board of Governors | Policy-Making group for company |
Stocks | Individual parts of company that are sold and bought |
Andrew Carnegie | US Steel |
Vertical Integration | Owning all parts of the steel-production process |
John D. Rockefeller | Standard Oil |
Horizontal Integration | Owning all the businesses in a certain field |
Trusts | Grouping a number of businesses under 1 board of directors or governors |
Social Darwinism | Survival of the fittest in business |
Monopoly | Owning all of an industry, like oil or steel, and driving up the prices |
Sherman Antitrust Act | Law that limits monopolies |