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Big Business and the Monopoly Flashcards | StudBud
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Big Business and the Monopoly
Big Business and the Monopoly
19 terms
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StudBud Administration
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43 plays
U.S. History. Industrial Revolution to the Sherman Anti-Trust Act in 1890.
Flashcards
19 cards
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Questions
19
Answers
1
Business leaders could make the most money by creating a ____.
standard
business
congress
monopoly
2
Workers joined unions because they wanted someone to ____ for them.
speak
build
sleep
work
3
____ passed two laws to help stop monopolies, that are still in effect today.
Americans
Teachers
Congress
Drivers
4
During and after the Industrial Revolution, more goods were made by ____ than were made by ____.
congress, hand
hand, machines
machines, hand
machines, congress
5
The Sherman Anti-Trust Act made it ____ to form monopolies.
mandatory
illegal
optional
legal
6
By the late 1800s, Americans wanted the government to take action against monopolies.
False
True
7
_____ started the Standard Oil Company.
George A. Custer
Maurice B. Clark
Joseph G. McCoy
John D. Rockefeller
8
A monopoly is when ____.
government takes over a business
a company makes goods by hand
a company makes goods with machines
a company gets total control of a product or service
9
During the Industrial Revolution, more goods were made by hand than were made by machines.
True
False
10
The Standard Oil Company controlled 90 percent of the petroleum industry in the United States.
False
True
11
The Industrial Revolution started in the United States and spread to England.
False
True
12
The Industrial Revolution started in England in the late 1700s.
True
False
13
In response to Americans' demands, Congress passed the ____.
Sherman Anti-Trust Act
none of these
Sherman I-Trust You Act
Interstate Commerce Act
14
By the late 1800s, Americans wanted the government to take action against monopolies because ____.
consumers were afraid the prices of goods and services would go up
they didn't play a fair game
consumers were afraid the prices of goods and services would go down
small business owners found it hard to compete with them
15
John D. Rockefeller started a company that controlled 90 percent of the ____ industry in the U. S. by the late 1870s.
steel
cotton
petroleum/oil
textile
16
Businesses provided services, like the railroad, and goods, like clothing and ____.
waffles
cereal
sandwiches
bagels
17
A ____ is when a company gets rid of competition and gets total control of a product or service.
monopoly
business
government
revolution
18
The Industrial Revolution started in ____ in the 1700s and spread to the United States.
Mexico
France
Canada
England
19
The Sherman Anti-Trust Act made it legal to form monopolies.
True
False