Which argument supports the perception of big business leader as captains of industry?

Which argument supports the perception of big business leader as captains of industry?

Which argument supports the perception of big business leaders as “captains of industry”? Industrialists’ support for technology benefited the economy.

In what system does one company control the businesses that make up all phases of a products development?

ch 13

Question	Answer
In which system does one company control the businesses that make up all phases of a product’s development?	vertical integration
Which argument supports the perception of big business leaders as “captains of industry”?	Industrialists’ support for technology benefited the economy.

What is the goal of cartels monopolies and horizontal vertical integration?

Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of what? Increasing profits. What was a step by the federal government to limit the power of corporations? Industrialists’ support for technology benefited the economy.

What helped fuel the economic growth of the US?

What factors helped fuel economic growth and industrialization in the late 1800s? Many factors promoted industry, including cheap labor, new inventions and technology, and plentiful raw materials. Railroads rapidly expanded.

What group did the Sherman Antitrust Act imposed limitations upon?

The Sherman Antitrust Act imposed limitations upon which group? Large corporations.

What do corporations have the important advantage of?

Advantages of a corporation include personal liability protection, business security and continuity, and easier access to capital. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.

What was the result of more farms becoming mechanized quizlet?

What was the effect of mechanization on the farms? Farms increased in size, and many workers moved to the cities because rural farmers no longer needed their help. It was formed to create and improve electricity in rural areas.

What is vertical integration in history?

By The Editors of Encyclopaedia Britannica View Edit History. Vertical integration, form of business organization in which all stages of production of a good, from the acquisition of raw materials to the retailing of the final product, are controlled by one company.

Who is horizontal integration used by?

Who Uses Horizontal Integration? Companies that seek to strengthen their positions in the market and enhance their production or distribution stage use horizontal integration.

What department encourages the nation’s economic growth?

Role of the Treasury The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States.

What was the purpose of the Sherman Antitrust Act quizlet?

– The major purpose of the Sherman Antitrust Act was to prohibit monopolies and sustain competition so as to protect companies from each other and to protect consumers from unfair business practices.

What was the major purpose of the Sherman Antitrust Act?

The Sherman Antitrust Act is a law passed by the U.S. Congress to prohibit trusts, monopolies, and cartels. Its purpose was to promote economic fairness and competitiveness and to regulate interstate commerce.