Big Business and Labor Vocab PDF

Big Business and Labor Vocab. Person, Place,Thing or Image Define or Identify Event Monopolies he exclusive possession or control of the supply of or trade in a commodity or service. Vertical Integration...

Big Business and Labor Vocab. Person, Place,Thing or Image Define or Identify Event Monopolies he exclusive possession or control of the supply of or trade in a commodity or service. Vertical Integration Vertical integration is a business arrangement in which a company controls different stages along the supply chain. Horizontal Integration Horizontal integration is the strategy of acquiring other companies that reside along a similar area of the supply chain. Andrew Carniegie Andrew Carnegie was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. Person, Place,Thing or Image Define or Identify Event John D Rockefeller John Davison Rockefeller Sr. was an American industrialist and philanthropist. He was one of the wealthiest Americans of all time and one of the richest people in modern history. JP Morgan JPMorgan Chase & Co. is an American multinational finance company headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023 Henry Ford Henry Ford was an American industrialist and business magnate. As the founder of the Ford Motor Company, he is credited as a pioneer in making automobiles affordable for middle-class Americans through the system that came to be known as Fordism. Cornelius Vanderbelt Cornelius Vanderbilt, nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. Person, Place,Thing or Image Define or Identify Event Labor Union A trade union or labor union, often simply referred to as a union, is an organization of workers whose purpose is to maintain or improve the conditions of their employment, such as attaining better Social Darwinism believe in “survival of the fittest”—the idea that certain people become powerful in society because they are innately better. Philanthropist someone who donates substantial resources, often including time and expertise but always including substantial financial resource, to a particular cause, area or social issue. Sherman Antitrust Act prohibits activities that restrict interstate commerce and competition in the marketplace. Person, Place,Thing or Image Define or Identify Event Urbanization Urbanization is the population shift from rural to urban areas, the corresponding decrease in the proportion of people living in rural areas, and the ways in which societies adapt to this change. Immigration Immigration is the international movement of people to a destination country of which they are not usual residents or where they do not possess nationality in order to settle as permanent residents Thomas Edison Thomas Alva Edison was an American inventor and businessman. He developed many devices in fields such as electric power generation, mass communication, sound recording, and motion pictures Transcontinental Railroad A transcontinental railroad in the United States is any continuous rail line connecting a location on the U.S. Pacific coast with one or more of the railroads of the nation's eastern trunk line rail systems operating between the Missouri or Mississippi Rivers and the U.S. Atlantic coast.