Standard Oil Company Apush Definition
Question: Wabash, St. Louis & Pacific Railroad Company v. Illinois
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Question: Interstate Commerce Act
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Question: vertical integration
Answer: The practice perfected by Andrew Carnegie of controlling every step of the industrial production process in order to increase efficiency and limit competition
Question: horizontal integration
Answer: The practice perfected by John D. Rockefeller of dominating a particular phase of the production process in order to monopolize a market, often by forming trusts and alliances with competitors
Question: trust
Answer: A mechanism by which one company grants control over its operations, through ownership of its stock, to another company. The Standard Oil Company became known for this practice in the 1870s as it eliminated its competition by taking control of smaller oil companies
Question: interlocking directorates
Answer: The practice of having executives or directors from one company serve on the Board of Directors of another company. J. P. Morgan introduced this practice to eliminate banking competition in the 1890s
Question: Standard Oil Company
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Question: Social Darwinists
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Question: Sherman Anti-Trust Act
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Question: National Labor Union
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