The rise of the big The rise of the big business

Question Answer
Capitalism The United States operated under an economic system
Free Enterprise Most business leaders believed that the economy would prosper if business were left free from government regulation and allowed to compete in a free market.
Communism This theory propose that individual ownership of property should not be allowed.
Social Darwinism These business leaders began to embrace the emerging theory
Corporation Business leaders therefore turned to another form of business organization.
Trust a group of companies turn control of their stocks over to a common board of trustees.
Monopoly If a trust gains exclusive control of an industry.
Vertical Integration He acquired companies that provided that materials and services upon which his enterprises
Horizontal Integration One company control of other companies producing the same product.
Cornelius Vanderbilt Was a pioneer of the railroad industry.
George Pullman he designed and manufactured railroads cars that made long-distance rail travel more comfortable
Horatio Alger Jr. Published a popular series of novels that reflected the increasing importance placed on individualism.
Andrew Carnegie urged them to invest in stocks as he had.
John D. Rockefeller One founder of the standard oil company followed a course similar to Andrew Carnegie.

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