Unit 2 Industrialization

What contribution did Andrew Carnegie make to the nation's growth?

• built the Transcontinental Railroad

• developed the steel industry

• operated many oil refineries

• perfected the use of electric power

Which of the following did Alexander Graham Bell design?

• the electric lightbulb

• the telephone

• the skyscraper

• the automobile

9) Which of these describes vertical integration and its creator?

• You buy out your competition and control the market with a monopoly- Rockefeller

• You control your production process from beginning to end- Carnegie

9) How did the Bessemer Process allow cities to grow rapidly?

• It allowed factories to stay open longer

• It allowed for instant long-distance communication

• It allowed for steel to be made quickly

A less expensive and easier way to make steel.  It increased production and lowered the price of steel in the US dramatically. Allowed skyscrapers to be built.

• Industrial Revolution
• Bessemer Process
• JP Morgan
• Hull House

The total or complete control of a service, product or industry that prevents competition

• Union
• Robber Barron
• Monopoly
• Captain of Industry

________________ is the term used to describe the wealthy that used ruthless business practices. 

• Industrial Giants
• Captains of Industry
• Robber Barons
• Union Leaders

Owned every step of the steel making process

• Rockefeller
• Morgan
• Carnegie
• All of them

A company that eliminates its competition and controls an industry

• corporation

• trust

• business cycle

• monopoly

A person who gives large amounts of money to charities

• trust

• sweatshop

• corporation

• philanthropist