AP U.S. History / Unit 6: Period 6: 1865–1898
6.6 The Rise of Industrial Capitalism
Notes
Big businesses formed: Carnegie (steel, vertical integration), Rockefeller (Standard Oil, horizontal integration, trusts), J.P. Morgan (finance). Laissez-faire and Social Darwinism justified them; the Sherman Antitrust Act (1890) tried to limit monopolies.
Practice
Owning every step of production, from raw materials to final product, is:
Carnegie Steel.
The Sherman Antitrust Act aimed to:
1890.
Social Darwinism argued:
Justified inequality.
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