Industrialization Test Review

A license that protects an invention from being used, made, or sold without permission

• Monopoly

• Patent

• Oligopoly

• Capitalism

An economic system based on private ownership of business.

• Monopoly

• Patent

• Oligopoly

• Capitalism

When a few businesses dominate an entire industry.

• Monopoly

• Patent

• Oligopoly

• Capitalism

When one business dominates an entire industry.

• Monopoly

• Patent

• Oligopoly

• Capitalism

What was the Industrial Revolution?

• Increase of shares brought about by the use of new practices

• Increase of business brought about by the use of money

• Decrease of production brought about by the use of machines

• Increase of production brought about by the use of machines

Which industrialist made his fortune through the railroads and was known as "The Commodore"?

• Jay Gould

• Cornelius Vanderbilt

• John Rockefeller

• Andrew Carnegie

Which industrialist made his fortune through oil and created the "Standard Oil Company"?

• Jay Gould

• Cornelius Vanderbilt

• John Rockefeller

• Andrew Carnegie

The Declaration of Independence clearly reflects the ideas of

• John Locke

• Thomas Hobbes

• Adam Smith

• Abraham Lincoln

What industrialist is known as a Robber Baron & made his fortune through watering down stocks?

• Jay Gould

• Cornelius Vanderbilt

• John Rockefeller

• Andrew Carnegie

When a company owns all phases of production of a product, that means they have a what?

• Monopoly

• Oligopoly

• Vertically Consolidated Monopoly

• Horizontally Consolidated Monopoly