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Chapter 6 Section 2

Horizontales
Law passed by congress in 1890, that outlawed any combination of companies that restrained interstate trade or commerce.
A market structure dominated by only a few large, profitable firms.
A Titan in the steel industry.
The process of bringing together many firms in the same business to form one large company.
The belief that society should do as little as possible to interfere with people's pursuit of success.
A group of separate companies that are placed under the control of a single managing board.
Verticales
Process of gaining control of the many different businesses that make up all phases of a product's development.
Complete control of a product or service.
Phenomenon that as production increases, the cost of each item produced is often lowered.
Loose association of businesses that make the same product.
A Titan in the oil industry.