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Federal act that outlawed monopolistic business strategy.
Used to promote financial fairness and competitiveness to improve interstate commerce.

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The idea that certain people become powerful in society because they are innately better.
Justified Imperialism, racism, and social inequality in history.

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An economic system in which transactions between private groups of people are free from or almost free from any form of economic interventionism such as regulation and subsidies.
Grew the economy in early American making risky investments to grow businesses possible helping them expand and grow.

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An arrangement in which the supply chain of a company is integrated and owned by that company.
Vertical integration helped expand businesses by making efficient work to be done.

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Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain.
It was able to grow the company sizes at the time to decrease competition.

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The Bessemer process was the first inexpensive industrial process for the mass production of steel from molten pig iron before the development of the open hearth furnace.
The process was the first of its kind to allow people to mass produce steel.