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15 Cards in this Set
- Front
- Back
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ENTREPRENEUR
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A person who organizes and assumes risk of business.
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C. LATHAM SHOLES
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Inventor of the typewriter.
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THOMAS ALVA EDISON
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Inventor of the phonograph.
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CORNELIUS VANDERBILT
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Successful railroad consolidator.
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CORPORATION
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Company formed by a group of investors.
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HORATIO ALGER
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Author whose novels reflected the theme of hard work to succeed in business.
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HOLDING COMPANY
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A company whose only function was to own stock in other corporations.
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TRUST
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Business organizations formed when several companies gave control of their operations to a board of trustees.
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HORIZONTAL INTEGRATION
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Consolidation of firms in the same kind of business.
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VERTICAL INTEGRATION
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Consolidation of firms in different, but related activities.
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JOHN D. ROCKEFELLER
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Early leader of the oil industry who formed the Standard Oil Company.
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REBATE
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Form of discount.
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IDA TARBELL
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Journalist who exposed the ruthless methods of John D. Rockefeller.
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ANDREW CARNEGIE
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Entrepreneur in the steel industry.
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SOCIAL DARWINISM
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Philospohy that provided justification for the business practices of many industrialists.
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