Industrial Age

Who invented the telephone?

• John D. Rockefeller

• Andrew Carnegie

• Thomas Edison

• Alexander Graham Bell

What made it possible to construct skyscrapers in the 1800's?

• cheap electric power

• fire safety standards

• invention of the elevator

• new methods of making steel

Vertical integration, a business strategy used by steel mogul Andrew Carnegie, involves _______.

• buying out raw material producers and distributors

• merging with companies producing similar products

• forming trusts

• used new methods to increase production

Which is NOT a characteristic of a business monopoly?

• encourage business competition

• rise prices

• put all competition out of business

• control all of a products' production

All of the following factors contributed to the immense industrial boom of the late 1800's/ early 1900's EXCEPT ____.

• a wealth of natural resources

• a growing rural population

• a growing urban population

• government support for business

The Bessemer process produced

• Bronze

• Copper

• Steel

• Silver

Why did the public have a negative opinion of labor unions?

• They increased prices

• Their strikes often lead to violence

• They affected traffic

• They gathered too much attention

How did laissez-faire help businesses?

• They receive money from the government

• Encourage people to shop more

• There was a little government interference

• Worker saw a better pay

With the Interstate Commerce Act the government:

• Wanted to regulate aspects of the railroad business

• Charge more tariffs

• Increase imports

• charge more taxes

What is a labor union?

• A group of people demanding better working conditions

• A group of retired people

• A group of owners

• People that dislike immigrants