Big Business
Gilded Definition
A fake gold layer that is used to cover up something rotten
OR
Organized group that controls a city’s political party
A fake gold layer that is used to cover up something rotten.
Who was the Oil industry led by?
Led by John D. Rockefeller
OR
Led by Andrew Carnegie
Led by John D. Rockefeller
Monopoly is...
One business owns the entire market for any industry
OR
A business practice that owners in competition with each other get together and create rules and regulations that they all will follow, usually price
One business owns the entire market for any industry.
The horizontal integration is?
Controlling all phases of production from the raw material to the finished product.
OR
The act of buying out your competition until you have control of a single area of industry.
The act of buying out your competition until you have control of a single area of industry.
The vertical integration is
Controlling all phases of production from the raw material to the finished product.
OR
The act of buying out your competition until you have control of a single area of industry.
You control all phases of production from the raw material to the finished product.
Rockefeller was worth...
$400 billion
Or
$350 billion
$400 billion
The most successful businessmen in the world were worth how many combined dollars?
Pick an estimated number between $200-750 billion
$750 billion