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TERMS REVIEW - INDUSTRIALIZATION Flashcards | StudBud
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TERMS REVIEW - INDUSTRIALIZATION
TERMS REVIEW - INDUSTRIALIZATION
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#Industrialization
Flashcards
15 cards
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Questions
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Answers
1
The complete
uninvolvement
&
hands off approach
of government when it comes to corporations
welfare-state capitalism
laissez-faire capitalism
Marxism
mercantilism
2
During the late 1800s, business leaders formed trusts mainly to
reduce prices
establish overseas factories
eliminate competition
improve worker productivity
3
A company that buys up other businesses in the same industry is an example of
vertical integration
horizontal integration
corporation
joint stock
4
The phrase “captains of industry” referred to
steamship captains that worked for the steamship industry
men like Carnegie & Rockefeller who controlled corporations
military officers in charge of large industries
all of the presidents of corporations in the U.S.
5
The Bessemer process created strong, lightweight
iron
coal
steel
oil
6
Which does
NOT
describe the conditions in a typical worker during the IndustrialRevolution?
well ventilated
shoe-less children
unsafe
dirty
7
Said wealth is a measure of one's inherit value - those with more wealth were more socially fit
Transcendentalists
Socialists
Social Darwinists
Union Leaders
8
This associate of Rockefeller is responsible for developing the East Coast of Florida.
Andrew Carnegie
Henry Flagler
Henry Plant
Henry Ford
9
Andrew Carnegie made his principle fortune in the field of
telephones
petroleum
steel
banking
10
John D. Rockefeller made his principal fortune in the field of
banking
oil
steel
clothing
11
He innovated the light bulb
Alexander Graham Bell
Thomas Edison
Henry Bessimer
George Westinghouse
12
Businesses formed trusts, pools, and holding companies mainly to
provide employment opportunities for minorities
offer a wide range of goods and services to consumers
increase profits by eliminating competition
protect the interests of workers
13
Legislation created to restrict monopolies from becoming too powerful
Sherman Anti-Trust Act
Monopolies Act
16th Amendment
17th Amendment
14
John Rockefeller & Andrew Carnegie were sometimes called robber barons was because they
made unnecessarily risky investments
robbed from the rich to give to the poor
stole money from the federal government
used ruthless business tactics against their competitors
15
A company that owns and controls ALL of the phases of a product’s development is known as
a trust
vertical integration
horizontal integration
a monopoly
