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Monday, December 8th - Period 6 Lesson 1

Monday, December 8th - Period 6 Lesson 1

Assessment

Presentation

History

12th Grade

Medium

Created by

Ryan Meyer

Used 13+ times

FREE Resource

9 Slides • 9 Questions

1

Multiple Choice

What are companies who dominate a specific industry (steel, oil, etc.) called?

1

Monopolies

2

Conglomerates

3

Corporations

4

Competitors

2

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What You Need to Know In One
Sentence

The transformation of the United States from

an agricultural to an increasingly industrialized
and urbanized society brought about significant
economic, political, diplomatic, social,
environmental, and cultural changes.

We need to figure out what these changes are!

3

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The Industrial Revolution (1)

Following Civil War

Causes

Technological innovation

Access to natural resources

New financial and management
structures

Advances in marketing

Growing labor force

Effects

Standards of living improved—gap
between rich and poor grew

Looked outside U.S. borders to gain
influence and control markets

Growth of middle class

More leisure time—expanse of
consumer culture

4

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The Industrial Revolution (1)

Fredrick Taylor

– Engineer who created

principles of scientific
management

– Made factory

production faster and
more efficient
Best practices
Train workers

– Divide work between

managers and workers

5

Multiple Choice

Which of the following is a major benefit of mass production for consumers?

1

Products become more customized for individual buyers

2

Goods can be produced more quickly, lowering prices for consumers

3

Companies rely more on skilled hand-crafting, increasing product uniqueness

4

Production slows down, allowing for better quality control

6

Multiple Choice

Which of the following is a major benefit of mass production for companies?

1

It increases production efficiency, lowering costs per unit

2

It reduces the need for machinery and technology

3

It guarantees that all products will be completely unique

4

It requires fewer workers and eliminates all labor costs

7

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The Formation of Trusts and Monopolies
(1)
Robber Baron

– American businessmen using

unscrupulous methods to get
filthy rich

J.P. Morgan

Financier and banker who controlled
American finance

John D. Rockefeller

Industrialist who struck it rich
through the Standard Oil Co.

Andrew Carnegie

Industrialist who made a fortune in
steel

Bessemer Process

8

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Formation of Trusts and Monopolies
(1)

Horizontal Integration

Merging one or more companies of
the same business activity

Standard Oil

Vertical Integration

Single company brings together
several activities

Acquisition of raw material,
manufacturing, marketing, selling,
distribution

Carnegie Steel

9

Create your own Monopoly!

10

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Formation of Trusts and Monopolies
(1)
Gilded Age

Term coined by Mark Twain

Refers to celebration of wealth
and consumption which
became apart of American
culture during the late 1800s

Looked good from the outside,
but real problems within

Conspicuous consumption

People spend money in excess
of what is necessary to fulfill
needs

Consume products to gain
social status

11

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Formation of Trusts and Monopolies
(1)

Sherman Anti-Trust Act,

1890
– Authorized the federal

government to break
up any business
combination that was
“in restraint of trade”

– Intended to break up

monopolies

Instead used against
labor unions

12

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1.) Highlight/Circle 4 items in the political cartoon which help you understand the overall message and explain.

2.)Summarize what the cartoonist's message.

Wkbk. pg. 54

13

Multiple Choice

Question image

someone who uses money and power to exploit workers and make huge profits

1

captain of industry

2

robber baron

3

pilot

4

barista

14

Multiple Choice

Question image

business leader who uses money and power to promote industry and create jobs

1

captain of industry

2

robber baron

3

cartoonist

4

cartographer

15

Multiple Choice

Question image

Rockefeller made his fortune by creating a monopoly with which company?

1

US Steel

2

Vanderbilt Railroad Lines

3

Standard Oil

4

Old Dominion Freight

16

Multiple Choice

Question image

Andrew Carnegie was a poor immigrant who worked his way to own this industry which used the Bessemer process?

1

US Steel

2

Vanderbilt Railroad Lines

3

Standard Oil

4

Old Dominion Freight

17

Multiple Choice

Question image

JP Morgan invested in Thomas Edison's light bulb and built this company that would put electricity in every house.

1

US Steel

2

Vanderbilt Railroad Lines

3

Standard Oil

4

General Electric

18

Multiple Choice

Question image

Cornelius Vanderbilt, The Commodore, left his father's shipping company to invest in this new transportation that would connect everyone in the United States.

1

US Steel

2

Railroads

3

Standard Oil

4

General Electric

What are companies who dominate a specific industry (steel, oil, etc.) called?

1

Monopolies

2

Conglomerates

3

Corporations

4

Competitors

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MULTIPLE CHOICE