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Key Terms
Gilded Age
A term coined by Mark Twain describing a period that looked shiny and gold on the outside, but was ______ underneath.
Vertical Integration
A business strategy where a company controls every stage of production, from raw materials to ______.
Horizontal Integration
A business strategy where a company buys out its ______ to gain a monopoly.
Laissez-faire
A government policy meaning '______-off' the economy, though it selectively supported big business.
Social Darwinism
A controversial idea applying 'survival of the fittest' to human society and business, justifying wealth ______.
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