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