Industrialization

Railroad companies created a system of connected lines. This is called a 

• network
• monopoly
• trust
• gauge

The term business monopoly can best be described as 

• the most common form of business in the United States
• government control of the means of production
• an agreement between partners to manage a corporation
• a company that controls or dominates an industry

This type of monopoly involves gaining control of all steps used to change raw materials into finished products.

• Vertical Integration
• Horizontal Integration
• Trust
• Sherman Antitrust Act

This type of monopoly involves taking  control of one aspect of an entire business

• Horizontal Integration
• Vertical Integration
• Trust
• Sherman Antitrust Act

This process converted iron to steel and allowed for taller buildings, longer bridges, and heavier machinery.

• Carnegie Process
• Ironing Process
• Bessemer Process
• Bell Process

Henry Ford’s main contribution to the US industry was the idea of the assembly line and __________.

• automobile
• mass production
• sports car
• transportation

The wealthy often give away a portion of their earnings to good causes.  This practice is known as...

• a monopoly.
• philanthropy.
• economics.
• laissez-faire.

John D. Rockefeller is associated with which industry?

• Railroads
• Shipping
• Steel
• Oil

What were two Communication Advancements of the time? 1870-1920

• Computers and Cordless Phones
• Trans -Atlantic telegraph & Telephone
• Radio & TV
• Telegram & Pony Express

 How did Railroads impact the economy during this time?

• Provided a faster and cheaper way to move raw materials, crops, and people

• Used to make artillery and weapons
• Provided money for other industries
• Materials were more expensive and quicker to ship