Industrialization: Railroads & Big Business

What is the name of the railroad that connected America, East Coast to West Coast?

• Union Pacific

• Transcontinental

• Central Pacific

• Promontory Summit

Because of a labor shortage in California, the Central Pacific, hired 10,000 workers from ______.

• Europe

• Columbia

• China

• Ireland

What do you call an individual that swindles investors and taxpayers, bribes officials and cheats on contracts and debts?

• Captain of Industry

• Laissez-faire

• Board of Directors

• Robber Baron

What type of business is an organization owned by many people but treated by law as though it were a person?

• Corporation

• Franchise

• Entrepreneur

• Laissez-faire

In this type of economy the government does not interfere and lets people do as they chose.

• Corporation

• Laissez-faire

• Big business

• Labor union

______ is a business man that stimulates the economy by creating jobs and giving back to society.

• Robber Baron

• Labor Leader

• Captain of Industry

• Entrepreneur

_____ was a Scottish immigrant that came to America, became wealthy and gave millions back to society.

• John D. Rockefeller

• Cornelius Vanderbilt

• Leland Stanford

• Andrew Carnegie

______ invented a new process to purify iron and make cheap steel.

• John D. Rockefeller

• Andrew Carnegie

• Henry Bessemer

• JP Morgan

When a single company achieves control of an entire market, it becomes a __________.

• Monopoly

• Corporation

• Board of Directors

• Captain of Industry

_______ was an industrialist that controlled 90% of the oil refining industry in the United States.

• Andrew Carnegie

• John D. Rockefeller

• Leland Stanford

• Cornelius Vanderbilt