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America: A Narrative History Chapter 17 questions and answers graded A+ 2024/2025
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America: A Narrative History Chapter 17 questions and answers graded A+ 2024/2025
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America:A
Narrative
History
Chapter
17
Standard
Oil
Company
-
ANScorporation
under
the
leadership
of
John
D
Rockefeller
that
attempted
to
dominate
the
entire
oil
industry
through
horizontal
&
vertical
integration
Horizontal
integration
-
ANSthe
process
by
which
a
corporation
acquires/merges
with
its
competitors
Monopoly
-
ANScorporation
so
large
that
it
effectively
controls
the
entire
market
for
its
products
or
services
Vertical
integration
-
ANSwhen
a
corporation
gains
control
of
all
aspects
of
the
resources
and
processes
needed
to
produce
and
sell
a
product
Trust
-
ANSbusiness
arrangement
that
gives
a
person
or
corp
(the
"trustee")
the
legal
power
to
manage
another
person's
money
or
another
company
without
owning
those
entities
outright
Holding
company
-
ANScorp
established
to
own
and
manage
other
companies'
stock
rather
than
to
produce
goods
and
services
itself,
made
to
control
Rockefeller's
numerous
companies
due
to
Sherman
Anti-Trust
Act
Bessemer
converter
-
ANSapparatus
which
blasts
air
through
molten
iron
to
produce
steel
in
very
large
quantities
Carnegie
Steel
Company
-
ANScorp
under
the
leadership
of
Andrew
Carnegie
that
came
to
dominate
the
American
steel
industry
JP
Morgan
-
ANSpowerful
investment
banker,
acquired,
reorganized
&
consolidated
companies
into
giant
trusts,
biggest
achievement
was
the
consolidation
of
steel
industry
into
the
US
Steel
Corp,
first
billion-dollar
corp
Tariff
-
ANStaxes
on
goods
imported
from
other
nations,
typically
used
to
protect
home
industries
from
foreign
competitors
&
to
generate
revenue
for
the
federal
government
Laissez-faire
-
ANSeconomic
doctrine
holding
that
businesses
&
individuals
should
be
able
to
pursue
their
economic
interests
without
government
interference
Child
labor
-
ANSpractice
of
sending
children
to
work
in
mines,
mills
&
factories,
often
in
unsafe
conditions;
widespread
among
poor
families
in
the
late
19th
century
Great
Railroad
Strike
of
1877
-
ANSseries
of
demonstrations,
some
violent,
held
nationwide
in
support
of
striking
railroads
workers
in
Martinsburg,
WV,
who
refused
to
work
due
to
wage
cuts
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