(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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The idea that the government should not interfere with or regulate industries and business
vertical consolidation
Recognized the potential of the oil industry. Used Horizontal Integration
An alliance of companies, run by a board of trustees, that function as one company.
God gave wealth to the most capable people. It is the duty to give money to help the poor
Attempted to use science to explain social classes
Based on Charles Darwin’s theory of evolution - Those who are rich are more fit, than those who are poor
Built his steel corporation through vertical consolidation
Gospel of Wealth
A situation in which one company has eliminated its competition.
Horizontal Integration
Standard
Oil
Made it illegal to form a trust or monopoly - was not effective because the act did not clearly define a trust
Free!
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
Work collectively to be able to bargain with big business
Rockefeller corporation owned about 88% of the oil industry in the US in 1890
A large company that can generate capital (money) by selling stock on the stock market.
John D. Rockefeller
Corporation
Monopoly
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.
Andrew Carnegie
Trust
Social Darwinism
JP Morgan
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.
Sherman Anti-Trust Act
Laissez-faire
growth of a business through acquiring additional business activities in the same industry.
Capitalism
Shipping tycoon - millionaire by 1846. Nicknamed “Commodore”