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Industry and Immigration Lesson 2: Big Business Rises
Industry and Immigration Lesson 2: Big Business Rises
Key Terms
corporation
cartel
John D. Rockefeller
horizontal integration
monopoly
trust
Andrew Carnegie
vertical integration
Social Darwinism
Interstate Commerce Commission (ICC)
Sherman Antitrust Act
Academic Vocabulary
investment: a sum of money spent in order to gain a profit later
market: an area of economic activity in which buyers and sellers come together
and the forces of supply and demand affect prices
consolidate: to join together into a whole
profit: the gain after all expenses are subtracted
restraint: holding back or checking of action
Lesson Objectives
1. Analyze different management innovations that businesses used to
increase their profits.
2. Describe the public debate over the pros and cons of big business.
3. Explain how the government took steps to block abuses of corporate
power.
1. Draw Conclusions The text states that “after 1870, the number of
corporations in America rose dramatically.” How can you account for the
rise of corporations during this period? Support your answer with details
from the text.
6. Determine Central Ideas What central points does the text make about
the ongoing relationship among business, government, and consumers?