Ms. O’Brien Robber Barons & Big Business Name : _________________

1. - J.D. Rockefeller • - Hated the idea of _____________, • thought it was a waste • - _____________________ to drive • rivals out of business • - Pressured customers with _______ • Cut a deal with ______________ • – supply for rebates on shipping • - 1882 creates Standard Oil trust • - This created a monopoly of oil • Corporations & Bankers • To raise capital, expanding businesses became ___________________ • Stocks can be used to build a new ___________ or buy ____________ • In exchange for investing, stockholders hope to receive _________________ Most powerful banker late 1800s: - _________________________ - Used banking profits to gain control of major corporations - Controls most rail lines & steel companies (bought ____________) - By 1901 he combines all steel companies into one: - ___________________ ($1 bill) Ms. O’Brien Robber Barons & Big BusinessName: _________________ To protect their investments, stockholders elect a ___________________ to run the corporation If the business goes bankrupt, the owner MUST pay all the debts of the business By law, stockholders CAN NOT be held responsible for a corporation’s debts Vocab Capital : _____________________________________________________________________ Corporation: __________________________________________________________________ _________: shares in the business _________: shares of a corporation’s profit Trust : _______________________________________________________________________