Note-Taking Guide s1

Note-Taking Guide Chapter 19, Section 3

1. Read Chapter 19, Section 3 pgs.567-571. 2. Define the following vocabulary: corporation, stock, shareholder, dividend, horizontal integration, trust, monopoly, vertical integration, philanthropy, merger 3. Where did Edwin L. Drake discover oil in 1859? 4. How did Drake find the oil? 5. What was one way a company could raise capital? 6. Where could people buy and sell stocks in companies? 7. What company did John D. Rockefeller organize in 1870? 8. How did Rockefeller use horizontal integration to build his empire? 9. Why did Rockefeller try to gain ownership of stock in other oil companies? 10. What two methods of making steel changed the steel industry? 11. Where was the steel capital of the U.S.? 12. How did Andrew Carnegie use vertical integration to dominate the steel industry? 13. Who bought Carnegie’s steel company in 1901? 14. What was the world’s first billion-dollar corporation? 15. How did philanthropists use money to benefit the community? 16. Why did some people believe a lack of competition would hurt consumers? 17. When did Congress pass the Sherman Antitrust Act? 18. What did the Sherman Antitrust Act seek to do?

Note-Taking Guide Chapter 19, Section 3

19. Read Chapter 19, Section 3 pgs.567-571. 20. Define the following vocabulary: corporation, stock, shareholder, dividend, horizontal integration, trust, monopoly, vertical integration, philanthropy, merger 21. Where did Edwin L. Drake discover oil in 1859? 22. How did Drake find the oil? 23. What was one way a company could raise capital? 24. Where could people buy and sell stocks in companies? 25. What company did John D. Rockefeller organize in 1870? 26. How did Rockefeller use horizontal integration to build his empire? 27. Why did Rockefeller try to gain ownership of stock in other oil companies? 28. What two methods of making steel changed the steel industry? 29. Where was the steel capital of the U.S.? 30. How did Andrew Carnegie use vertical integration to dominate the steel industry? 31. Who bought Carnegie’s steel company in 1901? 32. What was the world’s first billion-dollar corporation? 33. How did philanthropists use money to benefit the community? 34. Why did some people believe a lack of competition would hurt consumers? 35. When did Congress pass the Sherman Antitrust Act? 36. What did the Sherman Antitrust Act seek to do?