Industrialization

The sometimes unethical business practices of some industrialists led them to be given this nickname

• Captains of Industry
• Tycoons
• Fat Cats
• Robber Barons

While industralists made lots of money, their workers often didn't, so the period was not as prosperous as it seemed. For this reason it is often called the....

• Great Depression
• Gilded Age
• Golden Age
• Dark Age

What economic policy would a supporter of laissez-faire economics support?

• antitrust
• business regulations
• free enterprise
• taxation

Technological development most revolutionized US steel industry?

• Electrification
• Vulcanization
• Steam power
• Bessemer Process

The theory used by the wealthy to justify their wealth and treatment of the poor.  

• Darwinism
• Laissez Faire
• Selectionism
• Social Darwinism

What is a Laissez-Faire economy?

• An economy that is completely controlled by the U.S. government
• An economy that is partially controlled by the U.S. government
• An economy that works best when there is very little involvement by the U.S. government
• An economy that is controlled by another country

How did the invention shown in this patent illustration affect industry?

• Machines needed to be repaired less frequently
• Products could be manufactured on an assembly line.
• Businesses needed to hire skilled workers.
• Factories could extend working hours.

Which development led to the other three?

• growth of tenements and slums
• shift from a rural to an urban lifestyle
• widespread use of child labor
• rapid industrial growth

When handmade products were replaced by machines and mass production

• industrialization
• revitalization
• reconstruction
• urbanization

allows products to be mass produced generally allowing the price to decrease

• assembly line
• push factor
• pull factor
• sharecropping