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History Alive! Pursuing American Ideals Chapter 13 Key Terms The Age of Innovation and Industry

Personal Response Directions: Do not write directions or the discussion prompt. Think about a response to the following questions and participate in the discussion.

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History Alive! Pursuing American Ideals Chapter 13 Key Terms The Age of Innovation and Industry

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  1. Personal ResponseDirections: Do not write directions or the discussion prompt. Think about a response to the following questions and participate in the discussion. • What are the pros and cons regarding one company’s ownership of all parts of an industry? How would single ownership of an industry effect consumers, corporate shareholders and governmental policies?

  2. History Alive! Pursuing American Ideals Chapter 13 Key Terms The Age of Innovation and Industry

  3. Chapter 13 Focus Question Was the rise of industry good for the United States?

  4. Capitalism • Definition: • An economic system in which factories, and other means of production are privately owned rather than government controlled.

  5. Laissez-Faire • Definition: • The idea that the free market, through supply and demand, will regulate itself if government does not interfere. • Free Market

  6. Horizontal Integration • Definition: • A corporate expansion strategy. • Involves joining together as many firms from the same industry as possible. John D. Rockefeller’s Standard Oil

  7. Vertical Integration • Definition: • Corporate expansion strategy • Control of each step in the production and distribution of a product. • Acquiring raw materials to manufacturing, packaging, and shipping.

  8. Castle Rock Entertainment Turner Network Television (TNT) Cartoon Network Hanna - Barbera Cartoons CNN Warner Bros. Studios Court TV HBO Movies Movies Television CNN Radio Time Warner Radio Cable Providers Internet Publishing Road Runner Time Warner Cable Kablevision (53.75% - cable television in Hungary) AOL Instant Messenger Winamp Fortune Sunset Books Time Netscape MapQuest Sports Illustrated Amazon.com (partial) People Mag. http://cjrarchives.org/tools/owners/timewarner.asp

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