Unit 1 Check-Up

Five oil companies that once competed with each other all merging to form one large corporation is known as

• Vertical Consolidation

• Horizontal Consolidation

A company in the meat industry purchasing all of the cattle ranches, railroads, warehouses, and distribution centers that it will need to get its product sold is known as ____.

• Vertical Consolidation

• Horizontal Consolidation

The Bessemer Process, which made the production of steel much cheaper and easier, is the largest factor in __________

• the spread of electricity

• the speed of trains

• the rise in labor unions

• the growth of big cities

What would best describe factory conditions of the 19th Century (1800s)?

• open, bright, relaxed

• loud, dark, dangerous

• clean, safe, happy