Business+Tactics

Both Andrew Carnegie and John D. Rockefeller used shrewd business tactics.
 * __Business Tactics__**

CORPORATION: a business that is owned by investors

INVESTORS: People who invest in stocks

STOCKS: Part-ownership; shares of ownership in a corporation

DIVIDEND: Share of a corporation's profit

MONOPOLY: a company or group having control of all or nearly all of the businesses of an industry

TRUST: a group of corporations run by a single board of directors

CONSOLIDATE: to combine businesses; buying up every other business
 * __TO TAKE CONTROL of an industry:__**

REBATE: A discount for big companies, but not farmers or regular people

POOL: A system in which several railroad companies agree to divide up the business in an area.

Arguments of supporting or opposing trusts: Supporting: 1. too much competition ruined businesses so trusts helped businesses succeed. 2. Competition puts people out of work. 3. big businesses brought lower production costs, lower prices, higher wages, and better life for Americans

Opposing: 1. Reduced competition, which menat no reason for companies to lower prices or improve products. 2. hard for new companies to compete with powerful trusts. 3. Worried about millionaires would buy favors form elected officials.