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Unit 7 SPRING EXAM

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corporation

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Terms in this set (28)

only granted to companies that operated in public interest like banks and canal companies
going past individual factory
-merging to larger company
-publically owned
-making ⅔ of all manufactured US products
-publicly owned

rebates, pooling

R=would give him money back for any train car he filled, they wanted his business so bad
P=tried to stop excessive competition
-basically small trust (decide on prices together)

was in railroad company, but decided to go into the petroleum processing business
-oil=gasoline/kerosene/plastic

Horizontal combination or integration

Rockefeller
-declared illegal
-attempt to get around regulations (monopoly)

Vertical integration

Carnegie
-buy all parts of the production process=no profit margin=a lot lower cost