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1. What is the economic system that we have used in the U. S. where people risk their money to create a
new business? (13.1)

2. What are the factors of production used by businesses? (13.2)

3. How does a corporation work? (13.2)

4. What is a monopoly? (13.2)

5. How were monopolies created? (13.2)

6. Describe a corporation that practices vertical integration. (13.3)

7. Who developed a vertical integration corporation? (13.3)

8. Describe a corporation that practices a horizontal integration. (13.3)

9. Who developed a horizontal integration corporation? (13.3)

10. What is laissez-faire? (13.3)

11. How did the idea of Social Darwinism play a role in the development of these big corporations? (13.3)

12. What was a law established by the U. S. government to put a stop to the rise of BIG businesses? (13.3)

13. Why did some people use the term Gilded Age to describe the period of industrialization in the United
States? (13.4)

14. What is an entrepreneur? (13.4)

15. What does a philanthropist do? (13.4)

16. Why did people refer to business owners as a Captains of Industry? (13.4)

17. Why did people refer to business owners as Robber Barons? (13.4)
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