Industrialization vocabulary

Taking control of all parts of an industry from beginning of production to end of production could be done through the process of 

• horizontal integration
• vertical integration
• trust creation
• financing

The Interstate Commerce Act and Sherman Anti-Trust Act 

• allowed government intervention in the economic market
• created protective tariffs for American business
• Ended trade across state lines
• Started labor unions

Purchasing all of your competition in a same industry is the process of 

• Vertical Integration
• Horizontal Integration
• Trust creation
• All of these

The US government had a "hands off" approach to the economic market during industrialization. What term describes that.

• progressive
• Laissez Faire
• Regulated
• Mercantile

The railroad industry ______________ after the Civil War.

• decreased
• increased

The rise of American Industry after the Civil War was because of the rapid rise of the ___________ in the U.S.

• Steel Industry
• automobile industry
• clothing industry
• railroad industry

Laissez-faire means...

• Hats off
• Hands around
• Hands off
• Hands on

The government or groups of workers might control these resources but the profits are divided among the people.

• Capitalism
• Communism 
• Socialism
• Mixed Economy

Susan invented a car engine that runs on fruit skins. She has received numerous investors for her business idea, located an empty garage to house her business, and is ready to begin operations of her new business. Before opening her business, Susan should apply for a:

• Copyright

• License

• Patent

• Trademark

Another term for monopoly during the period 1865-1900 was

• Big Business
• Trust
• Giant of Industry
• Forbes 500