Industrialization Chapter 19

A(n) is a person who starts a business.

• corporation

• entrepreneur

• monopoly

• skyscraper

_________ built the first steel plant in the country.

• Andrew Carnegie

• Thomas Edison

• J.D. Rockefeller

• Cornelius Vanderbilt

Who organized the Standard Oil Company?

• Andrew Carnegie

• Thomas Edison

• J.D. Rockefeller

• Cornelius Vanderbilt

What type of company has little or no competition?

• corporation

• monopoly

• liability

• refinery

A kind of business organization that controls each step in making something is called a

• entrepreneur

• trust company

• vertical combination

• horizontal combination

A large, powerful company that is often a monopoly is called a

• entrepreneur

• trust company

• vertical combination

• horizontal combination

To control their markets, business owners bought competing companies. This strategy is called ____.

• capital growth

• shares of stock

• vertical combination

• horizontal combination

The manufacture of _____ made it possible to build strong railroad tracks, skyscrapers, and bridges.

• automobiles

• electricity

• steel

• telephones

One way a corporation raises capital is by _____.

• paying workers more

• hiring immigrants

• building large factories

• selling stock

Thomas Edison was called the Wizard of Menlo Park because he _____.

• gave money to Menlo Park's library

• started the city of Menlo Park

• had so many inventions

• claimed to have special powers