Mr. Scott's US History- Industrialization

Capitalism fueled industrialization by ___________________.

• requiring inventors to file patents

• encouraging entrepreneurs to establish businesses

• giving the country many natural resources

• ensuring that all workers received high wages

Which industry most spurred economic growth and innovation in related industries?

• railroads

• agricultural

• oil

• steel

The Interstate Commerce Commission (ICC) was formed to _____________________

• oversee railroad operations

• control interstate commerce

• make new transportation laws

• regulate communications

In which system does one company control the businesses that make up all phases of a products development?

• horizontal integration

• vertical integration

• cartel management

• trust fund balancing

Skyscrapers, railroads, and suspension bridges were all made possible by the ___________________.

• breakthroughs in communicatins

• mass production of steel

• development of electricity

• entrepreneurs

Why system involves combing many firms in the same business?

• Social Darwinism

• Horizontal Integration

• Vertical Integration

• Socialism

Workers used which of the following to negotiate for better wages, hours, & working conditions?

• Trusts

• Mass Production

• Collective Bargaining

• Monopolies

The Hayward Riot in 1886 led to the _________________________.

• public suspicion of labor unions

• decline of Wobblies

• arrest of Eugene Debs

• American Federation of Labor

A cartel differs from a monopoly in that __________________________.

• one corporation has complete control of a product or service

• business making the same product agree to limit production

• one firm sets the prices for all goods in an industry

• all the firms involved in the same business merge into one entity

This individual was known for his inventions of the lightbulb, phonograph, and motion picture camera.

• Thomas Jefferson

• Edwin Drake

• Thomas Edison

• Eugene Debs