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French-US2-Unit 2-Industrialization Flashcards | StudBud
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French-US2-Unit 2-Industrialization
French-US2-Unit 2-Industrialization
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Industrialization
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1
______ and holding companies were used to disconnect ownership and get around anti-monopoly laws.
Corporations
Trusts
Pools
Economies of Scale
2
How are stocks and bonds similar?
they both represent ownership of a company
they both involve limited liability
they both represent exclusively a debt
they result in consolidating $(capital) and directing/funneling it
3
Supporters of _____ believe the gov't should be non-interventionist with the economy. They like blue gatorade.
high taxes for private individuals
laissez-faire
industrial regulations
high tariffs
4
How did the federal gov't aid railroad construction in the 1850s and 1860s?
used tax dollars to fund many railroad projects
granted public lands to railroads to sell to raise funds
passed laws to legalize railroad monpolies
advertised overseas to attract immigrants to build tracks
5
This person used the bessemer process to create a mega-steel company despite originally being a poor immigrant from Scot
Jay Gould
Cornelius Vanderbilt
Andrew Carnegie
John D. Rockafeller
6
Which two railroads completed the Transcontinental Railroad?
The Western Union and the Central Pacific
The Zephyr and the Central Pacific
Union Pacific and the Central Pacific
Great Northern and the Western Union
7
YUM! Brands owning Pizza Hut, KFC, and Taco Bell is an example of
horizontal integration
a non-holding company
vertical integration
an economic pools
8
What factor contributed to industrialization?
the free enterprise system
deteriorating railroad system
lack of natural resources
limited workforce
9
Who invented the telephone? (American perspective)
Alexander Graham Bell
Jay Gould
Thomas Edison
John Rockefeller
10
What was used to bribe Congressmen in the Credit Mobilier Scandal?
cash
drugs
shares in the Credit Mobilier Company
high level jobs in the Credit Mobilier Company
11
___are the cost advantages that enterprises obtain due to size, output, or scale of operation.
investment funds
operating costs
fixed costs
economies of scale
12
What was the biggest significance of the Transcontinental Railroad?
they eliminated the issue of bubbles
it created a true market economy by allowing for regional specialization
they increased the amount of natural resources in the US
they eliminated the need for economies of scale
13
This person was known for consolidating railroads and has an university named after him.
Andrew Carnegie
Cornelius Vanderbilt
John Rockefeller
J.P. Morgan
14
Oil was the best source of light in the late 19th century and this person was the king of it by owning Standard Oil.
J.P. Morgan
Andrew Carnegie
Cornelius Vanderbilt
John D. Rockefeller
15
In the late 1800s, which of the following helped business leaders gain market share?
horizontal integration
vertical integration
all of them
economies of scale
