Industrialization Test Review

A business that produces a product is known as..

• a trust.

• a monopoly.

• an industry.

• a corporation.

A government document that protects an inventor's exclusive rights to profit from their invention is known as a...

• stock.

• patent.

• dividend.

• tariff.

A company that is created to hold stock in other companies, usually within the same industry, is known as...

• a trust.

• a monopoly.

• an industry.

• a corporation.

What did John D. Rockefeller establish?

• A monopoly of the oil industry.

• A government agency regulating the steel industry.

• A large telephone company.

• The nation's largest electrical lighting company.

Why was the steel industry important to the nation's economic growth?

• Workers in the steel industry developed a strong labor union.

• Highly paid steelworkers spent large amounts of money in stores.

• Steel industry leaders donated millions of dollars to charity.

• Steel was better than iron for use in building industrial products.

A group of workers organized together for better working conditions is...

• a labor union.

• a strike.

• a boycott.

• collective bargaining.

A method whereby workers organize together to improve their working conditions with their employers is...

• a trust.

• a strike

• a boycott.

• collective bargaining.

The Homestead Strike was a protest...

• in Colorado demanding safer working conditions.

• in Chicago demanding an eight-hour workday.

• against the Pullman Palace Car Company’s unsafe working conditions.

• against the Carnegie Steel Company’s plan to cut jobs.

How did Andrew Carnegie gain control of the steel industry?

• He established a monopoly by forming a trust.

• He gained control of the processes related to the manufacture of steel.

• He gave money away, so more people bought his product.

• He bought the oil industry to make more money

Which inventions encouraged the growth of industry?

• Edison's electric light

• The Bessemer steel process

• Henry Ford's moving assembly line

• All of the above