Chapter 20 Review

A monopoly is complete control of an industry. True or false?

• false

• true

• maybe

• I don't know

This man controlled the railroad industry during the industrial revolution

• Andrew Carnegie

• John D Rockefelelr

• Cornelius Vanderbilt

• JP Morgan

This man owned Standard Oil and controlled most of the oil industry during the industrial era

• Andrew Carnegie

• Cornelius Vanderbilt

• John D Rockefeller

• JP Morgan

This man controlled the steel industry during the industrial revolution

• Andrew Carnegie

• John D Rockefeller

• JP Morgan

• Cornelius Vanderbilt

The first railroad to cross the United States was the....

• Union Pacific Railroad

• Central Pacific Railroad

• Missouri Railroad

• Transcontinental Railroad

What does the term transcontinental mean?

• to transport goods

• across the continent

• travel north to south

• across the world

The sometimes unethical business practices of some business owners led them to be given this nickname

• Banksters

• Tycoons

• Fat Cats

• Robber Barons

Factory production of goods in large quantities.

• Rebate

• Mass production

• Assembly line

• Collective bargaining

Factory method in which work moved past stationary workers who performed a single task.

• Standard gauge

• Assembly line

• Pool

• Sweatshop

Shop or factory where workers work long hours at low wages under unhealthy conditions.

• Sweatshop

• Factors of production

• Assembly line

• Mass production