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14 Cards in this Set

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  • Back
The most powerful banker of the late 1800's and also became a powerful figure in American industry
J. Pierpont Morgan
Shares in a business
Stock
A shrewd businessman, believed competition was wasteful
John D. Rockefeller
A group of corporations run by a single board of directors
Trust
When businesses are owned by private citizens
Free enterprise system
A company that controls all or nearly all the business of a particular industry
Monopoly
Banned the formation of trusts and monopolies, turned out to be too weak to be effective
Sherman Antitrust Act
Known as the steelmaking capital of the nation
Pittsburgh
Money necessary for a business venture
Capital
A share of a corporation's profit
Dividend
Known as the King of Steel, believed that the rich had a duty to improve society
Andrew Carnegie
Having control of all the steps required to change raw materials into finished products
Vertical Integration
A business that is owned by investors
Corporation
Enabled steelmakers to produce steel at a lower cost
Bessemer Process