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History, Social Studies
11th
grade
Horizontal and Vertical Integration
17 questions
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- 1. Multiple Choice
John D. Rockefeller practiced horizontal integration by buying
wildcatters
oil refining business
steel businesses
pipelines and tankers
- 2. Multiple Choice
What is owning all the businesses in a particular field?
Vertical Integration
Horizontal Integration
Trust
Antitrust
- 3. Multiple Choice
Trusts sought to increase their profits by eliminating
competition
monopolies
rebates
philanthropy
- 4. Multiple Choice
Owning every step in the manufacturing process is
trust
monopoly
vertical integration
horizontal integration
- 5. Multiple Choice
Free enterprise is
free government help for business
giving away free samples to win new customers
business that is free from government involvement
freedom from monopolies
- 6. Multiple Choice
Entrepreneurs are people who
give money to charity
set up new businesses
believe in Social Darwinism
oppose trusts and monopolies
- 7. Multiple Choice
Corporations sold stock to
raise money for expansion
advertise their products
achieve vertical integration
compete in the NY Stock Exchange
- 8. Multiple Choice
HORIZONTAL integration occurs when...
firms in the same industry and at the same stage of the production process combine to form a larger business.
when a firm expands by combining with an existing business in the same industry but at a different stage of the production process.
Involves take over or merger with another firm in an unrelated industry.
- 9. Multiple Choice
Vertical integration occurs when...
firms in the same industry and at the same stage of the production process combine to form a larger business.
when a firm expands by combining with an existing business in the same industry but at a different stage of the production process.
Involves take over or merger with another firm in an unrelated industry.
- 10. Multiple Choice
An economic practice where the government does NOT try to control the economy.
Gospel of Wealth
laissez faire
Social Darwinism
horizontal integration
- 11. Multiple Choice
the control of an entire or most of an industry by one company
laissez faire
capitalism
monopoly
patent
- 12. Multiple Choice
When a company controls everything from raw materials to the distribution of the product
horizontal integration
vertical integration
trust
monopoly
- 13. Multiple Choice
In which industry did Andrew Carnegie earn his fortune?
steel
railroad
gold
oil
- 14. Multiple Choice
Which industry did Rockefeller dominate?
oil
steel
communication
railroad
- 15. Multiple Choice
When a combination of companies control an industry to reduce competition
monopoly
trust
laissez faire
patent
- 16. Multiple Choice
a cause of industrialization
civil war
immigration
natural resources
all of the above
- 17. Multiple Choice
Vanderbilt, in the railroad industry, practiced
vertical integration
horizontal integration
patent
gospel of wealth
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