Industrial Revolution Vocabulary Practice

The Bessemer Process was a more efficient way to make this product, plus it made it stronger.

• steel
• automobiles
• gasoline
• cloth

Andrew Carnegie used this method; when a company owns the raw materials & transportation systems of a product

• vertical integration
• horizontal integration
• time-study analysis
• taylorism

John D. Rockefeller used this method; when companies that produce a similar product merge together

• horizontal integration
• vertical integration
• scientific management
• time-study analysis

Complete control over an industry's production, wages, & prices

• monopoly
• capitalism
• socialism
• concentration of wealth

Robber Barons used this theory to justify their actions in business

• Social Darwinism
• conspicuous consumption
• Gospel of Wealth
• nativism

What was an entity that runs several companies as one large corporation? (Standard Oil)

• Trust
• Merger
• Corporation
• Monopoly

The law created to prevent monopolies, and break up large companies like Standard Oil

• Interstate Commerce Act
• Homestead Act
• Dawes Act
• Sherman Anti-Trust Act

Name for entrepreneurs who use ruthless tactics to destroy competition or to keep wages low

• Captain of Industry
• Robber Baron
• Philanthropist
• Consolidator

The expansion of this transportation helped open up the national market. 

• boats
• railroad
• automobiles 
• horse drawn carriages 

Using machinery to replace manual labor is called...?

• Oppressive
• Urbanization
• Mechanization
• Iron Man