What does philanthropy mean?

Donation of money to good causes

What are shares of Stock?

Units of ownership of a corporation

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

They made America the world's greatest Industrial power

Who was Samuel Gompers?

Organizer of the American Federation of Labor

Who was Andrew Carnegie?

Millionaire Philanthropist who made his fortune from Steel

What does Entrepreneur mean?

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

Who was Cornelius Vanderbilt

Entrepreneur that made his money off the Railroad Industry

Horizontal Integration means to

Own all the companies for a product

Vertical Integration means to

Owning all the manufacturing steps for a product

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

Robber Barons, Captains of Industry

Sherman Anti-Trust Act.....

Restricted Labor Unions, Congress preventing monopolies from forming trusts

What is a corporation

Form of ownership of a business

Who was Leland Stanford

President of the Central Pacific Railroad, made a fortune selling equipment to miners

Who was John D. Rockefeller?

He created the huge oil monopoly, Standard Oil

Which are examples of a monopoly?

All of the following are examples

How many immigrants came to America in the 1880s?

more than 5 million, Around the same number that came from 1800-1860

What does Monopoly mean?

A company that controls a product and all its competitors

Which of the following were problems from the growth of cities

All of the following were problems

Difference between the Knights of Labor and the American Federation of labor

Knights of Labor included both skilled and unskilled workers

What is a Labor Union?

An organization that was formed to protect workers' rights

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The 2nd Industrial Revolution

40 termsStudBud Administration1,385 plays

Hope this quiz helps everyone on the industrial revolution, robber barons, labor unions, captains of industry, etc.

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Questions 40

Answers

1
The first Labor Union was
The Copperheads
The Knights of Labor
The KKK
The AFL
2
Why were Carnegie, Rockefeller, Vanderbilt, and JP Morgan known as Robber Barons?
They earned their fortunes through unfair business practices
They drove smaller competitors out of business
They took advantage of railroad companies
All the following are true
3
Who invented the first Airplane
Wilbur Wright
Orville Wright
Thomas Edison
Samuel Gompers
4
What does philanthropy mean?
The desire to promote the welfare
Donation of money to good causes
A way to borrow money
A way to get money
5
What are shares of Stock?
A group of companies controlling a market segment
Different companies in the same field
Units of ownership of a corporation
pieces of profit
6
The government controls the means of production and the distribution of earnings
Communism
Socialism
Marxism
Capitalism
7
Why were the Robber barons Carnegie, Rockefeller, Stanford, and Vanderbilt so important?
They made America the world's greatest Industrial power
helped create Labor unions to improve working conditions
All of the following
responsible for clearing out the West for land development
8
Which of the following is NOT a benefit of capitalism?
Encourages Innovation, Hard Work, and Creativity
Balance of wealth and earnings
Freedom of choice
Increased Economic Growth
9
Who was Samuel Gompers?
He worked in Willy Wonka's Chocolate Factory
He was the head of the Knights of Labor
Organizer of the American Federation of Labor
He started the Haymarket Riots in Chicago
10
Labor Unions helped do what?
Make work environments safer
Get an 8 hour work day
Increase workers rights
All of the following
11
Exclusive rights to make or sell inventions
Corporations
Bessemer Process
Patents
Capitalism
12
Corrupt politician in charge of Tammany Hall that stole 200 million dollars from New York City
JP Morgan
Rupert Murdock
Andrew Carnegie
William Macy "Boss" Tweed
13
Who was Andrew Carnegie?
Owned Standard Oil
Created the Union Pacific Railroad
Chuck Norris' Rich Uncle
Millionaire Philanthropist who made his fortune from Steel
14
Who was Alexander Graham Bell?
Inventor of the lightbulb
Vice president under Garfield
Inventor of the telephone
Inventor of the Bessemer Process
15
Invented the first automobile, the Model T
Henry Ford
Alexander Graham Bell
Benjamin Franklin
Carl Chevy
16
What does Entrepreneur mean?
Person who creates and operates their own business
if you want to get rich, quit working for someone else!
Someone that buys shares in a company
Someone who borrows large sums of money
17
Survival of the fittest for Corporations and powerful business leaders refers to
Freudian Theory
Laissez Faire economics
Social Darwinism
Pavlovian Theory
18
Where railroad workers went on strike nationwide; which led to a turning point for labor law.
Pullman Strike
Haymarket Square riots
Anthracite Strike
Homestead Strike
19
Who was Cornelius Vanderbilt
Entrepreneur that made his money off the Railroad Industry
Created Standard Oil Company
Drove the golden spike at Promontory Point, Utah
Made his fortune from Steel
20
Horizontal Integration means to
Own all the companies for a product
To integrate blacks with whites in schools
Own all the manufacturing steps in a product's production
Raise the price of a product to unfair amounts
21
Vertical Integration means to
Use competition to drive a product's price up
Own all the companies for a product
Over price a product
Owning all the manufacturing steps for a product
22
Entrepreneurs such as Rockefeller and Carnegie that owned big businesses were known as
Robber Barons
Venture Capitalists
Gilded age politicians
Captains of Industry
23
Sherman Anti-Trust Act.....
Restricted Labor Unions
It made Vertical Integration legal
Congress preventing monopolies from forming trusts
Government regulation of the Railroad companies
24
A man who dies rich, dies disgraced refers to
Freudian Theory
Social Darwinism
Horizontal Integration
The gospel of Wealth
25
Became the Leader of the Knights of Labor
Terence V. Powderly
Samuel Gompers
Jimmy Hoffa
Frederick W. Taylor
26
Where did the majority of immigrants get processed when they came to America?
Boston, MA
Pullman, PA
Ellis Island, New York
San Francisco, CA
27
What is a corporation
A unit of ownership of a business
Owning all companies for a product
An illegal business that steals money
Form of ownership of a business
28
Who was Leland Stanford
Made the Transcontinental Railroad
President of the Central Pacific Railroad
made a fortune selling equipment to miners
Creator of the first Telephone
29
Who was John D. Rockefeller?
He made his fortune from Railroads
He created the huge oil monopoly, Standard Oil
He created the first Bank of the United States
Millionaire Philanthropist that made his fortune from steel
30
inequality between business owners and poor workers and age of politics ruled by corruption.
Captains of Industry
Progressive Era
Gilded Age
Industrial Revolution
31
A way to manufacture steel quickly and cheaply by blasting hot air through melted iron
Free coinage of silver
Metallurgy
Bessemer Process
Gold Standard
32
Which are examples of a monopoly?
All of the following are examples
owning all the companies for a product or industry
Standard Oil
Horizontal integration
33
Who was Thomas Edison?
Inventor of the light bulb
Inventor of the electricity
Inventor of peanut butter
Invented the flux capacitor making time travel possible
34
How many immigrants came to America in the 1880s?
more than 5 million
10 million
less than 5 million
Around the same number that came from 1800-1860
35
What does Monopoly mean?
Jaxon Holt's favorite board game
companies who own all the steps in the manufacturing process
A company that controls a product and all its competitors
Businesses owned by entrepreneurs
36
Which of the following were problems from the growth of cities
All of the following were problems
Garbage piling up on the streets
Fires and air pollution
lack of ventilation, plumbing, and running water
37
Difference between the Knights of Labor and the American Federation of labor
The AFL included only unskilled workers
The Knights of Labor was for monopolies and trusts
Knights of Labor included both skilled and unskilled workers
AFL tried to get better working conditions, hours, and pay
38
What is a Labor Union?
An organization formed to keep workers from quitting
None of the above
An organization that was formed to protect workers' rights
A violent group that started fights if bosses were unfair
39
What happened to the Knights of Labor after the Haymarket square riots
The AFL was formed shortly thereafter
All of the following
It set the Labor movement back due to the acts of violence
It lost all its members and ended
40
What was the overall result of Labor Unions
All of the following
8 hour work days
Workers had more rights
Safer Working conditions

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