Industrialization and Big Business 2023

Which of the following was NOT a man who "built America?"

• Henry Ford

• Jacob Riis

• J.D. Rockefeller

• Andrew Carnegie

Where did the first phase of the Industrial Revolution Begin?

• Britain

• France

• United States

• Russia

If you own part of a corporation, you would hope the government would allow you to run it as you see fit and not propose many regulations or taxes as to limit your profits. This idea is called

• socialism

• communism

• laissez-faire

• unregulated tariff rates

Which of the following is NOT a way that corporations maximize their profits?

• Limit Advertising

• Hiring Cheap Workers

• Paying little for raw materials

• Establishing monopolies and cartels

I own Quick Trip, and I want to control the gasoline industry by creating a monopoly. What type of business model do I need to follow to buy out my competitors and eliminate the competition?

• Establish a Corporation

• Horizontal Integration

• Vertical Integration

• Social Darwinism

Time Zones were created because

• Workers needed a uniform schedule to stay on track during work hours

• Students in high schools needed to have a universal school day.

• Trains needed uniform schedules from station to station

• City workers needed to know when their day was half over to ensure no one would work overtime

A business owner who creates many jobs for society and engages in charitable work might be known as:

• Robber Baron

• Captain of Industry

• Social Darwinist

• Proletariat

To Stay out of the affairs of business and let the strongest rise to the top of society and ignore the poor

• Social Darwinism

• Bourgeoise

• Robber Barons

• Collective Bargaining

Which one is NOT AN effect of the Railroad?

• Time Zones

• Employment opportunities decreased

• Quicker and Easier Travel

• Faster Transportation of manufactured goods

A danger of a monopoly is

• The owners of corporations pay no taxes

• It can control the prices of essential goods

• Shortages of goods may occur

• Unemployment