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