US History Week 2

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US History

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9 Terms

1
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Monopoly

Business with control over an industry, product, resources, or service.

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Trusts

Separate companies working together for the same benefits.

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Mergers

2+ companies in the same industry joined together to control prices.

4
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Sherman Antitrust Act

Passed law that outlawed business practices that were harmful to competition.

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The richest of the Gilded Age

J.P. Morgan with 42 companies.

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Horizontal Integration

Several companies in the same field into one to share resources.

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Vertical Integration

A company owns all steps in its supply chain.

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Holding Companies (Parent Companies)

Owns large enough part of another’s stock to have control in major decisions.

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Philanthropy

Donating money and resources to causes to help the general population.