This bingo card has 33 words: Free!, Capitalism, Corporation, Monopoly, Trust, John D. Rockefeller, Andrew Carnegie, Cornelius Vanderbilt, JP Morgan, vertical consolidation, Horizontal Integration, Social Darwinism, Gospel of Wealth, Standard Oil, Sherman Anti-Trust Act, Laissez-faire, An economic system in which industries are privately owned, and the prices, production, and distribution of goods are determined by competition on a free market., A large company that can generate capital (money) by selling stock on the stock market., A situation in which one company has eliminated its competition., An alliance of companies, run by a board of trustees, that function as one company., Built his steel corporation through vertical consolidation, Recognized the potential of the oil industry. Used Horizontal Integration, Shipping tycoon - millionaire by 1846. Nicknamed “Commodore”, Controlled almost all of the major industries in the U.S. and had a large stake in the financial and insurance industries by the early 1900s., growth of a business through acquiring additional business activities in the same industry., Growth of a business through the acquisition of the materials that make the product, the factories that manufacture the products including the machines needed to produce the product, as well as the distribution channels to take the product to, Based on Charles Darwin’s theory of evolution - Those who are rich are more fit, than those who are poor, Attempted to use science to explain social classes, God gave wealth to the most capable people. It is the duty to give money to help the poor, Rockefeller corporation owned about 88% of the oil industry in the US in 1890, Work collectively to be able to bargain with big business, Made it illegal to form a trust or monopoly - was not effective because the act did not clearly define a trust and The idea that the government should not interfere with or regulate industries and business.
Robber Barons Bingo | Robber Barons Bingo | Robber Barons Bingo | Gilded Age | Industrialization
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