A. The process by which a company buys
out all of its suppliers
B. Gave a company total power over the
quality and cost of its product; helped to
create a monopoly
A. The Process in which a company buys
out, or merges with, its competitors
B. Gave a company control over its
competition; helped to create a
monopoly
A. An economic theory based on
Darwin’s theory of biological evolution;
it asserted that free competition would
ensure success or failure
B. Glorified big business and tycoons;
also discouraged government
interference with big business
A. Complete control over an industry’s
production, quality, wages, and prices
B. Eliminated a company’s competition,
allowing it to increase profits
A. A corporation that does nothing but
buy out the stock of other companies
B. Helped to create monopolies
A. A large corporation made up of many
companies that receive certificates
entitling them to dividends on profits
earned by all the companies combined
B. Helped to create monopolies
Put tycoons on the defensive;
turned public opinion against
them and their businesses;
finally, encouraged government
regulation of big business
Made trusts (and monopolies)
illegal in interstate trade; made it
possible (though not easy) to
prosecute companies