AH - Industrialization and Big Business vocabulary

Question 1

What is a powerful industrialist who uses dishonest means to become wealthy called?

Accepted Answer

Robber Baron

Question 2

What is a risk taker in business called?

Accepted Answer

Entrepreneur

Question 3

What is a company that wipes out its competitors to control an industry called?

Accepted Answer

Monopoly

Question 4

Privately owned businesses compete freely in this economic system.

Accepted Answer

Free Enterprise

Question 5

What is a share in a company called?

Accepted Answer

stock

Question 6

What is a legal body created to hold stock in many companies often in the same industry?

Accepted Answer

Trust

Question 7

Which is an example of a government regulation of business?

Accepted Answer

Minimum Wage

Question 8

What is a gov't certificate giving an inventor rights to their invention for a period of time?

Accepted Answer

patent

Question 9

What is a person called who gives away large sums of money to charity called?

Accepted Answer

Philanthropist

Question 10

What is the government legislation used to break up trusts?

Accepted Answer

Anti-Trust Laws

Question 11

What was the 1st labor union called?

Accepted Answer

Knights of Labor

Question 12

Who was a philanthropist and steel tycoon during the industrialization of the U.S?

Accepted Answer

Andrew Carnegie

Question 13

When owners of diff businesses within an industry collaborated to set prices artificially high?

Accepted Answer

cartel

Question 14

What is a business owned by investors called?

Accepted Answer

Corporation

Question 15

What is taking place here?

Accepted Answer

Bessemer Process

Question 16

What is it called when workers refuse to work until their demands are met?

Accepted Answer

Strike

Question 17

Group of workers who negotiate with business owners to obtain more money/better conditions?

Accepted Answer

Labor Union

Question 18

What was the time period called when the U.S. saw a rapid increase in the number of factories?

Accepted Answer

Industrialization

Question 19

What is a factory where people work long hours for low wages in dangerous conditions called?

Accepted Answer

sweatshop

Question 20

Who created the Standard Oil Trust?

Accepted Answer

John Rockefeller

Question 21

What is it called when unions negotiate with management for workers as a group?

Accepted Answer

Collective Bargaining

Question 22

What means no government regulation of business?

Accepted Answer

Laissez-faire

Question 23

What is a wealthy and powerful business owner called?

Accepted Answer

Tycoon

AH - Industrialization and Big Business vocabulary

Questions 23

AH - Industrialization and Big Business vocabulary

Questions 23