Robber Barons/Unions Review Set

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

• 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

Who was the oil tycoon who created the Standard Oil Company

• Carnegie

• Morgan

• Rockefeller

• Vanderbilt

Cornelius Vanderbilt made his fortune in...

• flight
• oil
• railroads
• automobiles

Company who owns every step of production...

• Horizontal Integration

• Vertical Integration

Financier who made his money in the Banking industry

• Rockefeller

• Morgan

• Carnegie

• Vanderbilt

Andrew Carnegie's idea that the wealthy had a moral obligation to improve society for everyone.

• Gospel of Wealth

• Social Darwinism

• American Dream

• Principles of Scientific Management

Why were the Industrial Capitalists referred to as "robber barons"?

• Industrialists often took advantage of other people economically.
• Industralists stole from the rich and gave to the poor.
• Industrialists were shared buisness partnerships controlled by a CEO.
• Industralists often formed conglomerates to rob smaller industries.

Led by Samuel Gompers

• National Labor Union
• Knights of Labor
• American Federation of Labor
• Industrial Workers of the World (Wobblies)