
Gilded Age/Progressive Era
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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23 questions
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1.
FLASHCARD QUESTION
Front
Which term refers to an economic system where private individuals own and control property and businesses?
Back
Capitalism
2.
FLASHCARD QUESTION
Front
What is the name of the process that involves the mass production of goods using a series of workers and machines in a factory?
Back
Assembly Line
3.
FLASHCARD QUESTION
Front
Which concept applies the idea of "survival of the fittest" to human societies and businesses?
Back
Social Darwinism
4.
FLASHCARD QUESTION
Front
Which act was passed to prevent monopolies and promote fair competition in the United States?
Back
Sherman Antitrust Act
5.
FLASHCARD QUESTION
Front
What is the term for the practice of controlling all aspects of production from raw materials to finished goods?
Back
Vertical Integration
6.
FLASHCARD QUESTION
Front
What is the term for a market structure where a single company or group owns all or nearly all of the market for a given type of product or service?
Back
Monopoly
7.
FLASHCARD QUESTION
Front
What term refers to the resources needed to produce goods and services, including land, labor, and capital?
Back
Factors of Production
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