History test

What is a corporation?

A corporation is a company that sells shares

What is a trust?

A group of companies managed by the same board of directors

What is a stock?

The goods or merchandise a business owns?

What is a trend?

general movement

What is dividend?

cash payments from the corporations profits

Who is John D Rockefeller?

A famous figure of the oil industry he was one of the wealthiest individuals in modern history

Who was Andrew Carngie?

The son of a Scottish immigrant who gained a monopoly in the steel industry

What is a monopoly?

Total control is an industry by a single producer

What was the sherman antitrust act?

A law which prohibited trusts and monopolies

What is the three factors of production?

Land, labor, capital

What is horizontal integration?

It’s the combining of competing companies into one corporation

What was the capital of the steel industry?

Pittsburgh