Lesson 3: The Age of Big Business

Front

What substance was found in the hills of western Pennsylvania that led to the creation of a multimillion-dollar industry?

Back

Coal

Front

Who was the former railroad conductor that believed he could find petroleum by digging a well?

Back

The former railroad conductor who believed he could find petroleum by digging a well was Edwin Drake.

Front

What are the three factors of production mentioned in the passage?

Back

Land, Labor, Capital

Front

How could a company raise capital according to the passage?

Back

By issuing stocks

Front

How did the growth of corporations help fuel America's industrial expansion?

Back

By providing capital for large-scale production

Front

What was the name of the steel plant built by Andrew Carnegie near Pittsburgh?

Back

Homestead Steel Works

Front

Who were some of the industrial millionaires interested in philanthropy during the time?

Back

Andrew Carnegie and John D. Rockefeller

Front

The Sherman Antitrust Act was passed in 1890 to:

Back

Promote fair competition and prevent monopolies

Front

What is the meaning of the word 'abate'?

Back

To lessen

Front

What is the meaning of the word 'aberration'?

Back

A deviation from the norm