Industry & Immigration

Who invented the lightbulb?

• Thomas Edison

• Alexander Graham Bell

• Christopher Sholes

• George Westinghouse

Which two inventions made skyscrapers possible?

• Brick

• Steel

• Elevator

• Air Brake

What is a coporation?

What is vertical integration?

Horizontal integration

• is a way for a corporation to achieve economies of scale

• merges stocks from multiple businesses into a new organization.

• consolidates many firms involved in different business into one giant company.

• consolidates many firms involved in the same business into one giant company.

When a single company achieves control of an entire market, it is known as _?_.

(a)  

Most European immigrants who arived before 1890 came from

• northern & western Europe

• eastern & southern Europe

• Germany

• Italy

Cartels, monopolies, trusts, horzontal and vertical integration all share what goal?

• driving up costs

• raising wages

• stopping unions

• increasing profits

In the late 1800s,workers tolerated poor wages and working conditions because they

• believed in laissez-faire

• could be easily replaced

• were tricked into strict contracts

• believed it had to get worse before it got better

John D. Rockefeller made his fortune in the _?_ industry.

(a)