Immigration & Industry

Front

a company’s taking over its suppliers and distributors and transportation systems to gain total control over the quality and cost of its product.

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Vertical Integration

Front

single company that controls a business or industry

Back

Monopoly

Front

When a company buys out its competition of a single industry to remove competition and control pricing

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Horizontal Integration

Front

Which of the following was NOT a factor in the growth of huge steel empires after the Civil War? low wages, high unemployment rates, unsafe working conditions, use of child labor

Back

high unemployment rates

Front

A cheap and efficient process for making steel, developed around 1850. Led to industrial innovations like skyscrapers and improvements for railroads and bridges.

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The Bessemer Process

Front

Which of the following was NOT a factor in the growth of huge steel empires after the Civil War? Options: the railroads' need for strong, durable rails, the cost-cutting benefits of the Bessemer process, the growing popularity of skyscrapers in big cities, the development of a less-polluting manufacturing process

Back

the development of a less-polluting manufacturing process

Front

an economic and social philosophy that was used to justify the existence of poverty, the success of big business, and the power of rich industrialists.

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Social Darwinism

Front

All of the following factors contributed to the immense industrial boom of the early 1900s except: access to land and natural resources, government regulation of businesses, government support for business, a growing labor force.

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government regulation of businesses

Front

a law, enacted in 1890, that was intended to prevent the creation of monopolies by making it illegal to establish trusts that interfered with free trade.

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The Sherwin Antitrust Act

Front

The use of standardized time and time zones was introduced by this group: telegraph operators, railroad companies, manufacturers who dealt in interstate trade, factory owners who workers had set schedules.

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railroad companies