when two or more companies dominate an entire industry
What is Oligopolies
100
Way for farmers to get credit before the planting season by borrowing against the value for anticipated harvests.
What is Crop-lien System-
100
The term “populist” means people, so in reality these farmers were forming a new people's party.
What is the Populist Party
100
an informal agreement by competing companies to fix prices, share profits, or divide the market for their products.
What is a Pool
200
His Standard Oil Company bought out competitors or drove them out of business
What is John D. Rockefeller
200
What is the first vertically integrated company in U.S. history.
Carnegie Steel Company
200
An economic system whereas a land owner "leases" property to a farmer in return for a share of proceeds from his crops, typically 1/3
What is Sharecropping
200
enlisted black farmers in the South.
What is Colored Farmers' Alliance
200
Starting in 1887, the courts began to rule that trust agreements were illegal. Such a company did not itself engage in the production and distribution of goods or services.
What is a Holding Company
300
were all important pioneers in the development of the meat-packing industry
Who are Philip D. Armour, Nelson Morris, and Gustavus Swift
300
declared illegal any business combination (or consolidation) that sought to restrain trade or commerce. Because its wording was vague, the act was difficult to enforce against monopolies and trusts. T
What is Sherman Anti-Trust Act
300
the area between the Mississippi River and the Rocky Mountains characterized by treeless, flat, fertile, and grassy farmland)
What are the Great Plains
300
Designed to free up western land for white settlers and railroad companies by breaking up traditional Native American tribal lands.
What is Dawes Severalty Act
300
the first vertically integrated company in U.S. history.
What is Carnegie Steel Company
400
This theory, based on the ideas of biologist Charles Darwin, said that "natural selection" enabled the best-suited people to survive and succeed.
What is Social Darwisim
400
strengthened the power of the government in dealing with monopolies. It forbade agreements between companies to fix or control prices for the purpose of lessening competition
What is The Clayton Antitrust Act
400
The idea that the government should not interfere in economic matters.
What is Laissez-faire
400
- Gave 160 acres of land free to any head of a family who promised to cultivate the land for five years
What is Homestead Act
400
refers to large corporations that control major industries.
What is Big Business
500
is a type of business organization in which a firm is being taken over by, or merged with, another firm which is in the same industry and in the same stage of production as the merged firm
What is Horizontal Intergration
500
Progressivism was a movement to improve American life by expanding democracy and achieving economic and social justice for all Americans
What is the Progressive Movement
500
called for farmers to be permitted to store their crops in government warehouses in exchange for loans.
What are Ocala Demands
500
Encouraged agricultural education by providing for the establishment of special colleges with land grants from the government; and land grants for transcontinental railroads.
What is Morrill Act
500
American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. Also my Bank currently