Industrialization

During the Industrial Revolution, the factory system led to

• high wages for factory workers.
• mass production of goods.
• large movement of people to rural areas.
• higher prices for manufactured goods.

Which of the following best explains the impact of railroads during the Industrial Revolution?

• Railroads were so slow and expensive that automobiles quickly replaced them.
• Railroads increased transportation costs led to a decline in factory output.
• Railroads were expensive and cost factory owners more money.
• Railroads increased the need for coal, steel, and steam engine production.

Why did immigrants move to cities?

• They needed a car in rural America

• Housing had a lot of space and was comfortable

• More jobs and lower cost of living

• They wanted to experience discrimination

The sometimes unethical business practices of some industrialists led them to be given this nickname

• Captains of Industry
• Tycoons
• Fat Cats
• Robber Barons

Companies who control all the different phases of the business to control profits & maximize efficiency use the method called

• Horizontal Integration
• Vertical Integration
• Big Business Model
• Maximum Profit Idea

Companies who specialize in one area of business and  buy out competition use the method of organization called

• Horizontal Integration
• Vertical Integration
• Bug Business Model
• Maximum Profit Idea

The man responsible for founding the biggest steel corporation in the US during the period 1865-1900 was

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt