Industrialization #3

Front

What was one way that business leaders in the 19th century tried to eliminate competition? Options: By increasing wages for workers, By offering stock to competitors, By creating monopolies and trusts, By supporting government regulation

Back

By creating monopolies and trusts

Front

How did Carnegie Steel improve its manufacturing process?

Back

By using the Bessemer process

Front

Which term describes the complete control of an industry’s production, wages, and prices by a single company?

Back

Monopoly

Front

What was one argument used by critics against the large business monopolies of the late 1800s?

Back

They hurt consumers by limiting competition and raising prices.

Front

What primary tactic did the American Federation of Labor (AFL) use to achieve higher wages and better working conditions?

Back

Strikes