Ch.4 L.3 Big Business & L.4 Workers in the Industrial Age

Businesses needed ___________________ in the form of money to buy materials, equipment, pay workers, and cover other expenses.

• labor

• capital

• stock

_______________ was the ideal material for railroad tracks and bridges because it was stronger than iron and wouldn't rust.

• steel

• iron

• coal

Select the answer below that is NOT a factor of production.

• land

• labor

• corporation

• capital

A ______________ occurs when two or more businesses combine into one.

• merger

• corporation

• shares

What are people called who invest in corporations by buying stock?

• bondholders

• corporation bosses

• shareholders

• stock traders

What are people called who start businesses?

• trusts

• shareholders

• investors

• entrepreneurs

Who was the most famous figure of the oil industry?

• Carnegie

• Rockefeller

• Vanderbilt

Gaining almost total control of an industry is called...

• a monopoly

• vertical integration

• horizontal integration

• a dividend

Who was the steel industrialist who donated hundreds of millions of dollars to charity was...

• J.P. Morgan

• J. Edgar Thompson

• Andrew Carnegie

Which legislation was a response to the public's growing concern over trusts and monopolies?

• Monopolies Act

• Trust Act

• Sherman Antitrust Act

• Trust and Monopolies Act