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Multinationals are companies operating in several countries. Companies like McDonalds and Nike are multinational as they are widely known and seen globally.

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Corporate Consolidation is the merge and acquisition of many smaller companies into much larger ones. Food companies like Nestle or Kraft have bought many brands to expand their own.

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Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. The United Nations is an example of a globalized organization as they establish international peace.

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Lobbying is the act of attempting to influence officials in their daily life. Many politicians benefit and gain from this action

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A philanthropist has the desire to promote the welfare of others. Someone like Andrew Carnegie was known as a philanthropist as he donated money to support education.

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Free-Enterprise is an economic system where a government places very few restrictions on the types of businesses, activities, or ownership in which citizens participate.
Businesses under this system have more freedom from the government and are able to benefit from increased competition.

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Monopoly is the exclusive possession or the control of the supply or trade in a commodity service. Monopolies can lead to charging overly high prices which is a way how many Americans acquired their wealth in the Gilded Age

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Vertical Integration is a strategy where a company expands its business operations into different steps on the same production path. Business like meat had a system of managing cattle and eventually using their meat to be packaged for produce.

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Period: 2

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1) The Gilded Age period had many rich Americans because it was an evolutionary point in history when going through industrialization. It was time when society found a way to get ahead of the industrial chain as new ideas, inventions, businesses, and inventors first significantly came about. Through systems and ideas like monopoly and trusts, Americans had the advantage at the time to embrace the new and use it for their gains.

2) There are many more successful entrepreneurs today compared to back then. Acquiring wealth today is more versatile as there is a more organized business system in our nation as well as better education

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Elon Musk; business investor, engineer, and inventor of Tesla and SpaceX

Captain of Industry

played a vital role in the development of early internet programming

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Oprah Winfrey; media proprietor, talk show host, actress, producer, and philanthropist

Captain of Industry

led campaigns and donated millions for American society problems

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Andrew Carnegie; Steel business

Captain of Industry

established and funded colleges, schools, non-profit organizations, and associations

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A trust is a large business with significant market power. Robber Barrons and Captains of Industry during the Gilded Age were known for having trusts or monopoly.

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Horizontal Integration is the acquisition of additional business activities that are at the same level of the value chain in similar or different industries. A company such as Disney would use this to expand their business. Now they own other companies like ABC, ESPN, and Pixar.