Industrialism and Progressives Review

The business strategy used by John D. Rockefeller was

• perpendicular Integration and trusts
• Horizontal and Vertical Integration
• organized goods and trusts
• economies of scale and inflation

The introduction of the light bulb in factories led to

• use of steam powered machinery
• horizontal integration among factories
• epidemics among workers
• the extension of the workday

Industrialization in the US was successful primarily because of

• large population of wealthy people
• natural resources such as minerals and timber
• huge areas of open grassland
• the ability to subdue the Native Americans

A business organization where the business sells shares and pays dividends

• horizontal integration
• holding company
• corporation
• trust

Standard Oil was intended to

• protect small, independent oil firms
• increase competition among oil refining companies
• control prices and practices in the oil refining industry
• distribute donations to charitable causes

The growth of American population during the late 1800s impacted industry by providing a

• larger supply of agricultural goods
• decline in production of consumer goods
• shortage in skilled labor for industries
• large workforce that fueled industrial production

The free enterprise system allows private property, competition to lower prices, and

• government control of banks
• state created 5-year economic plan
• no unemployment
• citizens buying and selling based on their wants and needs

Industrialists of the late 1800s used trusts to

• work cooperatively with labor unions
• increase profits by minimizing competition
• promote fair business practices in the market
• exclude immigrant workers from factory jobs

By the early 1900s, Americans had transformed the US into the world's leading

• gross national product
• imperialistic nation
• industrial nation
• military establishment

Why did labor union membership increase between 1870 and 1920?

• an increase in unemployment in factories
• government control of working conditions
• the growth of organizations to voice labor concerns
• a rise in the number of small businesses