Lesson 4.4 - Industry & Corporations

Multiple Choice

In what way was the development of Bessemer Process beneficial to the steel industry?

• It reduced the cost of making steel

• It created a new kind of steel that was stronger than all other steel.

• It decreased the amount of pollution created in the steel manufacturing process.

Multiple Choice

What are some of the negatives associated with the growth of the steel industry?

• An increase in the cost of steel.

• A decrease in the quality of steel being produced in the United States.

• An increase in air and water pollution.

Multiple Choice

A business method that focuses on buying businesses involved in every step of the production process for a final product.

• Philanthropy

• Vertical Integration

• Capitalism

Multiple Choice

Which of the following is a business owned by investors?

• Trust

• Capital

• Corporation

Multiple Choice

A small portion of ownership in a company purchased by an investor.

• Dividend

• Stock

• Trust

Multiple Choice

Who is credited with owning the first business ever worth over $1 billion?

• J. Piermont Morgan

• John D. Rockefeller

• Bill Gates

Multiple Choice

When a company has complete or near complete control of all the business in a particular industry.

• Monopoly

• Dividend

• Collective Bargaining

Multiple Choice

Which of the following is a key piece to the success of capitalism?

• Companies combine to make massive corporations to limit competition and increase prices.

• Companies are owned by the government which makes them easier to manage.

• Companies compete for resources and consumers, which lowers prices.

Multiple Choice

Why are most people opposed to monopolies and trusts?

• They made it too easy for people to invest.

• They limit competition and result in higher prices for consumers.

• They created too much competition between companies.

Multiple Select

How did business leaders defend the creation of trusts? Select all that apply!

• Trusts kept the costs of products low.

• Trusts made so much money, they could pay higher wages.

• Trusts prevented high levels of unemployment.

• Trusts could be used to fight wars against America’s enemies.