Unit 5 Review (Intro)

Front

The transcontinental railroad was mostly built by:

Back

Chinese and Irish immigrants because they worked for low wages.

Front

This invention created steel, which was used to build railroads and skyscrapers:

Back

the Bessemer Process

Front

What is a monopoly?

Back

When one person or company controls a market

Front

Which law expanded competition and eliminated trusts and monopolies? Options: Interstate Commerce Act, Homestead Act, Sherman AntiTrust Act, Dawes Act

Back

Sherman AntiTrust Act

Front

John Rockefeller made a fortune in which industry?

Back

Oil

Front

What innovation helped people settle the Great Plains and opened new markets in the west?

Back

Transcontinental Railroad

Front

Which description best matches the term "robber baron"?

Back

a leader of industry who used unfair and illegal business tactics to force other companies out of business.

Front

Term associated with the idea that the strongest, most clever, most efficient business will survive and the weak businesses will die out.

Back

Social Darwinism

Front

A term for a business combination in which companies are involved in different but related businesses

Back

vertical integration

Front

Term where several companies engaged in the same type of business and joined together

Back

Horizontal integration