Monopolies

a market in which a single seller dominates

• monopoly

• natural monopoly

• license

• market power

The US grew industrially during the period 1865-1900 for all of the following reasons EXCEPT

• Millionaires created by the Civil War
• Lots of natural resources like iron, coal, & oil
• Cheap labor in the form of immigrants
• Strong middle class workforce

The inventor of such items like the phonograph, electric generator, & movie projector was

• Alexander Graham Bell
• Thomas Edison
• Nicola Tesla
• Eli Whitney

The method of melting iron & blowing air to remove impurities, creating steel, is called the 

• Kelly Process
• Carnegie Steel Method
• Bessemer Process
• Steel Folding Process

Another term for monopoly during the period 1865-1900 was

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

The man responsible for founding the biggest steel corporation in the US during the period 1865-1900 was

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The biggest oil company in the US during the period 1865-1900 was created by 

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The inventor of the telephone in 1876 was

• Thomas Edison
• Nicola Tesla
• Alexander Graham Bell
• Eli Whitney

The formation of national labor unions in the late 1800's was mainly a response to...

• passage of federal laws that favored workers
• laws restricting immigration and naturalization
• poor working conditions and low wages in many industries
• economic depressions that had led to high unemployment

In the latter half of the 1800's, a large labor supply, an abundance of natural resources, and the construction of new railroads contributed most directly to the...

• growth of American industry
• dependence on imported goods
• demand for limits on immigration
• rejection of high tariffs by the United States