Lewis Gretsz, the Owner of a Small Railroad Company in the 1860s

question 125

Multiple Choice

Lewis Gretsz, the owner of a small railroad company in the 1860s, started gaining more influence and money as his business started to flourish to a point where he began controlling the entire northern half of railroad services. He followed a ruthless and cunning business strategy that involved exploiting workers and decimating the environment. In the context of the history of American business, Lewis Gretsz most likely belonged to the _____.

• A) entrepreneurship era
• B) production era
• C) marketing era
• D) relationship era

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Definitions:

Arbitration Agreement

A contract in which parties agree to settle a dispute outside of court through the process of arbitration, where an arbitrator's decision can be binding or non-binding.

Arbitrators Bias

A situation where an arbitrator shows partiality or prejudice, affecting their neutrality in dispute resolution.

Federal Arbitration Act

A United States federal statute that provides for the enforcement of arbitration agreements and allows for the resolution of disputes outside the court system.

Continuance

A legal term referring to the postponement of a court proceeding or trial to a later date.