Industrial Vocab Set One

What is the large-scale introduction of manufacturing, advanced technology, and other productive economic activity into an area?

• Transcontinental railroad
• Industrialization
• Urbanization
• Robber Barons

Who is one who organizes, manages, and assumes the risks of a business or enterprise?

• Boss
• CEO
• Principal
• Entrepreneur

What is a grant given by the government to the creator of an invention giving them the role right to make, use and sell that invention for a set period of time?

• scroll
• certificate
• amendment
• patent

A railway system extending across the country

• Asian-American Railroad
• Pacific-American Railroad
• Transcontinental Railroad
• Post Civil War Railway

The growth of cities (urban areas)

• Urbanization
• Sanitation
• Hallucination
• Industrialization

An organization owned by many people but treated by law as though it were a single person.

• Corporation
• Monopoly
• Industry
• Economies of Scale

where corporations make goods more cheaply because they produce so much so quickly

• Industrial Revolution
• Economies of Scale
• Carnelization
• Negotiating

Who was the big business man (tycoon) who was the largest producer of steel during the second industrial revolution?

• Andre Carnegie
• Cornelius Vanderbilt
  Cornelius Vanderbilt
• Rockefeller
• K. Busch

when a company owns all of the different businesses on which it depends for its operation. Instead of paying companies for coal, lime, and iron, Carnegie's company bought coal mines, limestone quarries, and iron ore fields. (This is how a business organizes itself)

• Vertical Integration
• Horizontal Integration
• Long Integration
• Short Integration

combining many firms engaged in the same type of business into one large corporation

• Vertical Integration
• Horizontal Integration
• Evaluation
  
• Industrialization