
Unit 2 Chapter 1Quiz Review

Flashcard
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History
•
8th Grade
•
Medium
Kandyce Simoneaux
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36 questions
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1.
FLASHCARD QUESTION
Front
Innovation that transformed daily life
Back
Electricity
Answer explanation
Electricity revolutionized daily life by powering homes and industries, leading to increased productivity through improved tools and technologies, unlike steam engines or manual labor which had more limited impacts.
2.
FLASHCARD QUESTION
Front
Inventor of the telephone
Back
Alexander Graham Bell
Answer explanation
Alexander Graham Bell is credited with revolutionizing communication by inventing the telephone in 1876, enabling voice communication over long distances, a significant advancement compared to previous methods.
3.
FLASHCARD QUESTION
Front
Vertical Integration
Back
Controlling all aspects of production
Answer explanation
Vertical integration refers to controlling all aspects of production, from raw materials to final products, allowing a company to streamline operations and reduce costs. This distinguishes it from merging with competitors or outsourcing.
4.
FLASHCARD QUESTION
Front
Horizontal Integration
Back
Acquiring competitors to dominate an industry
Answer explanation
Horizontal integration involves acquiring competitors to increase market share and control over an industry. This strategy helps companies dominate their sector by reducing competition.
5.
FLASHCARD QUESTION
Front
Monopoly
Back
A corporation controlling an entire industry
Answer explanation
A monopoly occurs when a single corporation controls an entire industry, limiting competition and consumer choice. This distinguishes it from small businesses, government enterprises, or non-profits, which do not have such control.
6.
FLASHCARD QUESTION
Front
Oil refining and distribution monopoly
Back
John D. Rockefeller
Answer explanation
John D. Rockefeller founded Standard Oil and established a monopoly in oil refining and distribution, controlling a significant portion of the industry in the late 19th century, unlike Carnegie, Vanderbilt, or Ford.
7.
FLASHCARD QUESTION
Front
Expanded railroad network
Back
Cornelius Vanderbilt
Answer explanation
Cornelius Vanderbilt expanded the railroad network in the 19th century, significantly enhancing transportation and commerce, which contributed to national economic growth. His efforts made railroads more efficient and accessible.
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