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