The term "Big Business" used during the Second Industrial revolution describes:

the large corporations that dominated industry

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Chapter 6 Big Business and Labor

15 termsStudBud Administration78 plays

COS Objective #1 Explain the transition of the United States from an agrarian society to an industrial nation prior to World War I.

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Questions 15

Answers

1
The Sherman Antitrust act successfully prosecuted all the illegal monopolies in the US
True
False
2
This law tried to make monopolies illegal in the US
Sherman Antitrust Act
Sherpa Antitrust Act
Shermine Antitrust Act
Sherwood Antitrust Act
3
Philanthropy
selling businesses to the poor
donating large sums of money to charity
collecting large sums of money from charities
donating businesses to the wealthy
4
Trusts made money because they eliminated:
demand
presidents
supply
market competition
5
Buying all the businesses in the production steps of a particular industry
vertical integration
horizontal integration
6
Social Darwinism:
applied the theory- survival of the fittest to business
only strong animals should succeed in business
only those with the best genes should own businesses
weak animals die off
7
The movement to end monopolies and trusts in the business world was called:
anti- philanthropic movement
anti-business movement
anti-monopoly movement
anti-trust movement
8
Owning all the businesses in a certain industry
vertical integration
horizontal integration
9
Businesses that sell stock on the open market are called:
mom and pop shops
small independent stores
family owned businessed
corporations
10
This man is most famous for his connections to the oil refining business
John D. Rockefeller
Andrew Carnegie
Samuel Gompers
J.P. Morgan
11
This man is credited for helping build up the United States Steel Industry
J.P. Morgan
Samuel Gompers
John D. Rockefeller
Andrew Carnegie
12
Why did some groups OPPOSE big business practices?
NONE
monopolies had too much control
interfered with market competition
Blue and Yellow
13
Why did some groups support Big business practices?
Natural selection in the business world
red and blue
NONE
Rich donate money
14
The term "Big Business" used during the Second Industrial revolution describes:
The government
The social classification system
Nothing
the large corporations that dominated industry
15
a grouping together of a number of companies with the same board of directors
board secretary
trust
chief operating officer
monopoly

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