Gilded Age Talk
this describes something that looks appealing on the surface but is cheap or worthless on underneath.
Gilded age
This titan of industry helped to create Vanderbilt University
Cornelius Vanderbilt
domination of an industry by one company
monopoly
This act was created to create free competition among those engaged in commerce
Sherman Antitrust Act
level of society that includes people who work for a livin.
Labor class
this was a 19th century business leader who accumulated immense wealth and power
Captains of Industry
small number of large firms dominate an industry, have significant control over prices and output
Oligopoly
These were two types of approaches to business during the Gilded Age
Laissez-faire
Pro business policies
These were prominent, wealthy American industrialists and financiers of the late 19th and 20th centuries
Robber Barons
John Rockefeller
Andrew Carnegie
Cornelius Vanderbilt
companies are able to compete through the merging with each other
Horizontal integration
These were criticisms of a Pro-business approach
Foster privilege
Ignore workers needs
domination of an industry by one company
Monopoly
These three tactics were used by Robber Barons
Worker exploitation
union busting
Fraudulent schemes
these are two factors that are considered barriers to entry within a market structure
high start up cost
government regulations and licensing
unfair treatment enof labor class
consumer fraud/unsafe products
unfair business practices
political corruption
environmental damage
progressive journalist/author during the Gilded Age
Muckraker
These two titans of industry were considered to be the Robber Barons of the Gilded Age
John D. Rockefeller
Andrew Carnegie
What three factors result in vertical integration within a market structure?
companies supply chain controlled in multiple stages
helps to improve efficiency, lower costs
Gain control over its operation
these two groups were created to help with workers rights
Knights of labor
American Federation of Labor