The Industrial Age and Urbanization

Vertical and horizontal integration were strategies designed to

• end unsafe working conditions and promote cooperatively run corporations.
• eliminate competition and control every step of the production process.
• involve the government in protecting workers and fair wages.
• give stockholders control over corporations.

Andrew Carnegie managed to keep costs for his steel low by

• using government loans and corporate tax breaks.
• giving away most of his money to charity
• moving all of his steel plants to foreign countries
• owning the businesses involved in each step of the manufacturing of steel.

How is a corporation different from other types of businesses?

• They sell stock shares to attract investment and share risk
• They share profits equally with all workers.
• They were illegal in the late 1800s.
• They are privately owned by one person or family.

Of which of these actions would business leader John D. Rockefeller support?

• buying all of the businesses in a single field to control production
• preventing one company from getting a monopoly in one industry
• letting the government monitor and manage business deals
• setting a minimum wage for workers and requiring safe work conditions

How did Thomas Edison affect life in America?

• Edison studied science to help Americans better understand the world.
• Edison created a successful lightbulb and a system for supplying electricity in big cities. 
• Edison developed alternating current to send electricity over miles of wires.
• Edison designed a trolley car that could run without a cable.

What is a monopoly?

• Everyone gets a fair share of the business

• The government controls business

• When one company has total control of an entire supply of goods.

Who made the car affordable for

most Americans by creating the assembly line?

• Henry Ford

• Henry Frick

• Cornelius Vanderbilt

Which of the following is the name for the system of making steel fast and cheap?

• the Renaissance
• Black Gold
• Bessemer Process
• laissez-faire

The steel industry was controlled by _____ during the Gilded Age.

• Rockefeller
• Carnegie
• Vanderbilt
• Swift

The oil industry was controlled by ________ during the Gilded Age.

• Rockefeller
• Carnegie
• Vanderbilt
• Swift