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Rise of Industrial America Flashcards | StudBud
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Rise of Industrial America
Rise of Industrial America
22 terms
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StudBud Administration
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Review on America becoming an industrial nation and the men who helped build the industries.
Flashcards
22 cards
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Practice quiz
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Questions
22
Answers
1
When competitors were bought out and placed under the control of one corporation...
Horizontal Integration
Vertical Integration
2
The Sherman Antitrust Act prohibited...
Contracts that restrain trade or commerce
Conspiracy to restrain trade or commerce
Monopolies
Trusts that restrain trade or commerce
3
Laissez-Faire Capitalism is the belief that...
The government should regulate the economy
The government should keep its hands off of the economy
4
1/4 of the railroad companies declared bankruptcy. Who bought many of these railroads and why?
J.P. Morgan, to help the competitors.
Andrew Carnegie, to help the competitors.
J.P. Morgan, to eliminate competitors.
Andrew Carnegie, to eliminate competitors.
5
The first transcontinental railroad was built in 1869. What is transcontinental?
Passing or extending across a continent
Passing or extending across a country
6
Many railroads were mismanaged and committed fraud. What does "watered the stock" mean?
Inflated the value of stock
Deflated the value of stock
Accurate value of the stock
7
Manufactured steel in Pittsburgh, PA and owned US Steel.
Cornelius Vanderbuilt
J.P. Morgan
Andrew Carnegie
Jay Gould
8
Made his fortune in banks and finances; affiliated with Chase Bank.
J.P. Morgan
Jay Gould
Andrew Carnegie
John D. Rockefeller
9
People who built their fortunes by stealing from the public are called...
Captains of Industry
Industrialists
Tycoons
Robber Barons
10
Owned Standard Oil; believed in Protestant Work Ethic.
John D. Rockefeller
J.P. Morgan
Andrew Mellon
Cornelius Vanderbuilt
11
Business leaders who served their nation in a positive way are called...
Robber Barons
Tycoons
Captains of Industry
Industrialists
12
The belief that hard work and material success were signs of God’s favor...
Protestant Work Ethic
Social Darwinism
13
First multimillionaire; great-grandson died on Titanic; made fortune in real estate and fur.
Marshall Field
Andrew Mellon
Cornelius Vanderbuilt
John Jacob Astor
14
Blasting air into molten iron, to produce high quality steel is called...
Pessemer Process
Bessemer Process
Bessy Process
Messemer Process
15
A wealthy, powerful person in business or industry is called...
Captain of Industry
Tycoon
Robber Baron
Industrialist
16
What region of America was a leading producer of steel?
The Florida Swamp Lands
The Mississippi Delta
The Appalachian Mountains
The Great Lakes Region
17
Controls every stage of industrial process-mining raw materials to transporting final product
Horizontal Integration
Vertical Integration
18
A person involved in the ownership and management of industry
Industrialist
Tycoon
Robber Baron
Captain of Industry
19
Railroads promoted the growth in what 2 industries?
Coal & Steel
Steel & Lumber
Oil & Steel
Coal & Oil
20
The idea that natural selection and survival of the fittest should be applied to marketplace is
Social Darwinism
Protestant Work Ethic
21
Made his fortune in steel; in business with Carnegie; was shot twice and lived.
Jay Gould
John D. Rockefeller
Henry Clay Frick
J.P. Morgan
22
What was the first big business in the United States?
Railroads
Coal
Steel
Oil
