Industry, Railroad, Big Business

Which resources helped America industrialize? 

• Coal, wood 
• Iron & Steel 
• Coal, Oil, iron oar

Which innovation used the railroads and electricity to send news across the
country?

• transcontinental railroad
• pony express
• telegraph
• stagecoach

A new method for producing steel that was stronger and more flexible

• Railroad 
• Bessemer Process 
• Edison Process 
• Incandescent Light bulb 

Vertical integration, a business strategy used by steel mogul Andrew Carnegie, involves:  

• Buying out raw materials producers, manufacturing and transportation
• Merging with companies producing similar products
• Corruption 
• Government Intervention 

An explosion in new invention and technology in the early 1900's was a major reason for America's industrial expansion. 

• True
• False 

The wealthy are stronger and better suited for business and industry. 

• Communism 
• Fair Deal 
• Social Darwinism 
• Gospel of Wealth 

Refers to a person that is an innovator in business and industry.  A person that develops new ideas and puts them into action.  

• Captain of Industry 
• Robber Barron 
• Scrooge Mcduck
• Thurston Howell, III

John D. Rockefeller was often referred to as a Captain of Industry because predatory pricing and his corrupt deals with railroads.   

• True 
• False 

Andrew Carnegie believed the  wealthy industrialist like himself were blessed by God and should share their riches through Philanthropy.  This is know as: 

• Rich man's burden 
• Gospel of Wealth
• Huge piles of money
• Paying high taxes 

International Workers of the World, Knights of Labor, American Federation of Labor (Are all examples of:) 

• Rockefeller Companies 
• Government Loans 
• Carnegie's Companies 
• Labor Unions