19.2 Big Business Quiz

Which industrialist is best known for his work in the steel industry?

• Charles Lindberg
• Andrew Carnegie
• John Rockefeller

Oil industry

• Cornelius Vanderbilt
• Andrew Carnegie
• John D. Rockefeller
• Abraham Lincoln

A monopoly is the total or complete control of an industry. Unfortunately for consumers, this prevents ___________. 

• Unions
• Capitalism
• Competition
• regulation

Which three big businesses transformed America in the years between 1870 and 1914?

• meatpacking, automobile,  and construction
• railroads, steel and oil
• textile, meatpacking and canals
• political machines, settlement houses and ghettos

Capital of the Steel Industry

• Newark, NJ

• Harrisburg, PA

• Washington, DC

• Pittsburgh, PA

Designed a new way to make steel at lower costs and more efficient

• Henry Ford

• Henry Bessemer

• George Westinghouse

• George Pullman

Vertical Integration is when a company _____________.

• Eliminates a company from the top down

• Controls all the aspects of the manufacturing process

• Promotes people from within the company

• Integrates new technology into the steel industry

Eliminated the competition and built the Standard Oil Company.

• Cornelius Vanderbilt

• George Westinghouse

• JD Rockefeller

• Andrew Carnegie

Monopoly

• Group of corporations run by a single board

• Controls all of the business of an industry

• Businesses controlled by small groups

Number of companies under a single board of directors

• Trust

• Monopoly

• National Grange

• Corporations