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Late 19th Century
A period roughly from 1870 to 1900 marked by significant industrial, social, and political changes worldwide.
Vertical Integration
A business strategy where a company controls multiple stages of production or distribution within the same industry to increase efficiency and reduce costs.
Carnegie Steel
A steel production company established by Andrew Carnegie in the late 19th century, which played a significant role in the growth of the American steel industry.
Standard Oil
An American oil producing, transporting, refining, and marketing company established by John D. Rockefeller, which was a major part of the early petroleum industry and later broken up due to antitrust laws.
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