Unit 6: Expansion and Reform (USH11, 12a, 13)

This industry was directly impacted by the expansion of railroads.

• Cotton

• Steel

• Trucking

• Coal

Due to the size of the railroad industry, this product grew substantially and led the first true monopoly in the United States.

• Cotton

• Steel

• Oil

• Coal

What is the meaning of the word CONSOLIDATE?

• to bring together (separate parts) into a single or unified whole

• to fall down

• to make legally null and void

• the division of power between the federal and state government

True or False:

Steel is more durable (lasts longer) than iron.

• True

• False

This type of monopoly involves buying each step of the production process (Carnegie Steel)

• Vertical Integration
• Horizontal Integration

Which of the following BEST describes the impact of Andrew Carnegie's economic strategy for vertical integration?

• He was able to allocate resources and control the manufacturing and distribution of steel.

• He was able to control the management of resources and thereby control his production.

• He was able to control the market for steel by buying out his competitors.

• He was able to buy out the markets for steel, thereby controlling all prices.

This person invented the telephone and revolutionized communication.

• Guglielmo Marconi
• Alexander Graham Bell
• Steve Jobs
• Thomas Edison

This person invented the electric light bulb.

• Thomas Edison

• Nicolai Tesla

• Alexander Graham Bell

• Andrew Carnegie

This man owned Standard Oil and controlled most of the oil industry.

• Andrew Carnegie

• Cornelius Vanderbilt

• John D Rockefeller

• JP Morgan

This man controlled the steel industry.

• Andrew Carnegie

• John D Rockefeller

• JP Morgan

• Cornelius Vanderbilt