What is Urbanization?

The movement of people to cities

Which are examples of a monopoly?

All of the following are examples

Who was Andrew Carnegie?

Millionaire Philanthropist who made his fortune from Steel

What does philanthropy mean?

Donation of money to good causes

What does Monopoly mean?

A company that controls a product and all its competitors

a Captain of industry is....

person who's fortune is positively shared with the country

Entrepreneurs such as Rockefeller and Carnegie that owned big businesses were known as

Robber Barons, Captains of Industry

Who was John D. Rockefeller?

He created the huge oil monopoly, Standard Oil

business owner who came to wealth through ruthless methods

Why were the Robber barons Carnegie, Rockefeller, Morgan, and Vanderbilt so important?

They made America the world's greatest Industrial power

government does not get involved in business

What does Entrepreneur mean?

Person who creates and operates their own business, if you want to get rich, quit working for someone else!

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Industrial Revolution

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Questions 25

Answers

1
What is Urbanization?
The falling apart of society
The mass production of iron
The movement of people to cities
The movement of people to the countryside
2
The Assembly Line led to Mass production.
True
False
3
Why were Carnegie, Rockefeller, Vanderbilt, and JP Morgan known as Robber Barons?
All the following are true
They earned their fortunes through unfair business practices
They drove smaller competitors out of business
They took advantage of railroad companies
4
Which are examples of a monopoly?
owning all the companies for a product or industry
All of the following are examples
Carnegie Steel
Standard Oil
5
Is this a push or pull factor?
Pull
Push
6
Which of the following is NOT a feature of capitalism?
Limited government involvement
Freedom of choice
Equal earnings for workers
Competition
7
Who was Andrew Carnegie?
Millionaire Philanthropist who made his fortune from Steel
Created the Union Pacific Railroad
Chuck Norris' Rich Uncle
Owned Standard Oil
8
Survival of the fittest for Corporations and powerful business leaders refers to
Pavlovian Theory
Social Darwinism
Freudian Theory
Laissez Faire economics
9
What does philanthropy mean?
A way to borrow money
The desire to promote the welfare
A way to get money
Donation of money to good causes
10
What does Monopoly mean?
Businesses owned by entrepreneurs
A company that controls a product and all its competitors
companies who own all the steps in the manufacturing process
Jaxon Holt's favorite board game
11
a Captain of industry is....
person who uses ruthless tactics to eliminate competition
person who's fortune is positively shared with the country
person who uses predatory pricing
person who works in a factory
12
Entrepreneurs such as Rockefeller and Carnegie that owned big businesses were known as
Gilded age politicians
Venture Capitalists
Robber Barons
Captains of Industry
13
Who was John D. Rockefeller?
He created the first Bank of the United States
Millionaire Philanthropist that made his fortune from steel
He created the huge oil monopoly, Standard Oil
He made his fortune from Railroads
14
Who was Thomas Edison?
Invented the flux capacitor making time travel possible
Inventor of the electricity
Inventor of peanut butter
Inventor of the light bulb
15
Is this a push or pull factor?
Push
Pull
16
Is this a push or pull factor?
Pull
Push
17
A way to manufacture steel quickly and cheaply by blasting hot air through melted iron
Free coinage of silver
Gold Standard
Metallurgy
Bessemer Process
18
Robber Baron
business owner who came to wealth through inheritance
business owner who came to wealth through ruthless methods
business owner who robs the rich
business owner who shared their profits with the public
19
Why were the Robber barons Carnegie, Rockefeller, Morgan, and Vanderbilt so important?
responsible for clearing out the West for land development
They made America the world's greatest Industrial power
All of the following
helped create Labor unions to improve working conditions
20
Laissez Faire means
more government involvement
government does not get involved in business
when someone donates their money to a good cause
businesses are not allowed to form trusts
21
Who was Alexander Graham Bell?
Vice president under Garfield
Inventor of the telephone
Inventor of the Bessemer Process
Inventor of the lightbulb
22
What does Entrepreneur mean?
Someone that buys shares in a company
Person who creates and operates their own business
if you want to get rich, quit working for someone else!
Someone who borrows large sums of money
23
Is this a push or pull factor?
Push
Pull
24
What advantage did an assembly line have over traditional manufacturing processes?
more expensive products
less expensive products
did not change anything
made products that broke easy
25
Invented the first automobile, the Model T
Henry Ford
Carl Chevy
Alexander Graham Bell
Benjamin Franklin

Industrial Revolution Flashcards | StudBud