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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