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Industrialization Quest Review Flashcards | StudBud
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Industrialization Quest Review
Industrialization Quest Review
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Review for Industrialization assessment
Flashcards
35 cards
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Practice quiz
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Questions
35
Answers
1
Like a game of "chicken" between the workers and the owners.
free enterprise
job security
strikes
benefits
2
Hard and dangerous work for low pay.
CEO
sweatshop
strike
National Football League
3
The way in which Carnegie and Rockefeller gave away large sums of the money they made.
profit motive
carpe money
philanthropy
unionism
4
This first successful organization of a labor group was undone by Haymarket Square.
Standard Oil United Workers
Knights of Labor
Pullman Local
AFL
5
People paid hundreds of dollars more than the face value for Hamilton tickets.
caveat emptor
overhead
supply and demand
production costs
6
The shares that investors buy in a company are also known as
commodities
dividends
stocks
capital
7
Who benefited the least from child labor?
children
poor immigrant families
unions
bosses
8
The new industrial workplace could be very dangerous.
caveat emptor
laissez-faire
profit over people
none of the above
9
Anywhere that a producer and consumer meet.
Union office
marketplace
assembly line
Haymarket Square
10
Which of the following is NOT an example of overhead costs?
electric
gas
salaries
rent
11
Which of the following terms is best connected to how RR networks became more efficient?
rebates
gauge
consolidation
pooling
12
Suzy and Calvin can choose to buy or sell whatever they want.
Communism
Free Market System
Traditional Economy
Barter System
13
All of the following are examples of employee benefits EXCEPT
health insurance
company car
paid sick days
salary
14
Which of the following was NOT a strategy used by railroads to maximize profit?
pools
rebates
consolidation
coal
15
Not investing in safety measures for the workers.
profit over people
free enterprise
pooling
caveat emptror
16
When workers unite to stop work in order to get bosses to make changes.
rebates
shares
strikes
stocks
17
The idea that the government should step in and help businesses.
patent
overhead
cooperative
subsidize
18
Which term has an effect most like a monopoly?
subsidy
patent
trust
overhead
19
Who gets the most power from their ability to "vote with their feet or wallet"?
government
consumer
producer
CEO
20
Caught the nation's attention and led to improvements for workers.
Chipotle
Haymarket Square
Tienemen Square
Triangle Shirtwaist Factory
21
This union is still in existence today.
AFL
Studenthood of 213
Farmers Alliance
Knights of Labor
22
In a capitalistic economy, people are most often motivated by
the lottery
profit
government controls
helping thy neighbor
23
You buy something off of Craig'slist without any guarantee/warantee and it breaks.
semper fi
alma mater
caveat emptor
e plurabus unum
24
Breaking down manufacturing into efficient, low-skill steps
cottage industry
striking
mass production
free enterprise
25
Who was hurt most by the reduced competition that resulted from monopolies and trusts?
businesses
consumers
CEOs
government
26
Sunshine Lollipop was an example of
voting with your feet
marketplace
assembly line
subsidies
27
Rather than take on the bosses alone, workers were often encouraged to do this?
work overtime
invest in the company
quit their job
collectively bargain
28
This big businessman started with railroads and moved onto steel.
Rockefeller
JP Morgan
Vanderbilt
Carnegie
29
Mr. Ferraina ordered 16,000 yearbook photos of himself to sell. What most likely will happen?
Mrs. Ferraina won't even buy them
the same thing as when he did this every other year
price will be low
price will be high
30
Who was connected to the Standard Oil Company?
Vanderbilt
Rockefeller
Carnegie
JP Morgan
31
Which of the following is NOT part of the cost of doing business?
salaries
overhead
production
all of the above are part of the cost
32
The governments failed, first attempt at restricting Trusts.
Trustbuster Act
Clayton Antitrust Act
Monopolies R Us
Sherman Antitrust Act
33
In the comic strip, Calvin was all of the following EXCEPT
Stockholder
producer
CEO
consumer
34
Which of the following was NOT a factor in the growth of big business?
shortage of labor
growth of railroad industry
large number of US inventions
individual entrepreneur
35
During early industrialization in the U.S., the government typically sided with the
small farmer
workeers
big businesses
consumer