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Industrialization Flashcards | StudBud
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Industrialization
Industrialization
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A Quiz review game for the Industrialization Unit
Flashcards
26 cards
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Questions
26
Answers
1
Which of these would NOT be an characteristic of someone who is a "Robber Barron"?
Using violence against their workers
Giving their workers low pay
Creating a monopoly
Being an Innovator
2
The circulation of money or payment through buying and selling is known as the:
Economy
Cost of Goods Sold
Social Darwinism
Urbanization
3
Which industrialist was known for using "Predatory Pricing" to eliminate his competition?
Rockefeller
Ford
Carnegie
Morgan
4
Which of these industrialists was able to gain influence in the government by lending it gold?
Rockefeller
Carnegie
Morgan
Vanderbuilt
5
Which one of the following is NOT a way that new inventions help the economy grow?
New products lead to job creation
New products led to more spending
New products lead to monopolies
New products are from innovation
6
What is Ms. Boettcher's favorite Halloween Candy?
Chocolate
Sour Patch
Jolly Ranchers
Skittles
7
Which of these would make people consider an entrepreneur a "Captain of Industry"?
Giving to Philanthropy
Having long hours for their workers
Unfairly eliminating their competition
Encouraging Strikes
8
Someone who takes a risk to start a new business is called a:
Monopolist
Entrepreneur
Mass Producer
Darwinist
9
What did Rockefeller, Carnegie, and Morgan use to eliminate their competition in order to maximize profits?
Monopoly
Competition
Capital
Titan
10
What does Henry Ford use to mass produce cars?
Assembly Line
Competitors
Brutal Force
Skilled Workers
11
Who determines the price of a product in a Capitalist system?
Government
The people
The workers
Business owner
12
Which of these did NOT help industry boom?
Military
Steel
Railroads
Oil
13
According to the law of Supply and Demand, when there is a high supply of a product the price..
The price decreases
The price increases
The product becomes free
The price stays the same
14
If you have more of a product than you need it is referred to as a:
Stagnant
Shortage
Surplus
Minimal
15
The production of large quantities of goods is referred to as:
Mass Production
Shortage
Greed
Stagnation
16
The Bessemer Process was a new way of producing which product quickly?
Automobiles
Steel
Iron
Captain Crunch
17
Who was the person who invented the telephone?
Thomas Edison
Tony Stark
George Corliss
Alexander Graham Bell
18
How does the use of the Assembly Line & mass production help the consumer?
It eliminates competition
It lowers wages
It turns the US Communist
It helps lower the price of goods
19
Which of these industries did John D. Rockefeller control?
Electricity
Steel
Oil
Banking
20
Which of these terms refers to the government being "hands off" business?
Communism
Competition
Marxism
Laissez-Faire
21
Who did Andrew Carnegie sell Carnegie Steel to for over $400 million dollars?
Rockefeller
Morgan
Vanderbuilt
Ford
22
If you have a SHORTAGE of a product the price will:
Stay the same
Cost nothing
Decrease
Increase
23
Which of these is NOT one of the 3 Principles of Capitalism?
Freedom of Choice
Social Darwinism
Competition
Limited Government Intervention
24
Which theory states that stronger companies survive by beating their weaker competition?
Pythagorean
Gospel of Wealth
Social Darwinism
Pinkerton
25
What area were most factory jobs located in?
Off Shore
Cities
Florida
Farms
26
Which of these industries did J.P Morgan NOT control at one point?
Oil
Electricity
Steel
Banking
