Module 4 Industrial Revolution

What did The Second Industrial Revoltution Proudce alot of?

• steel

• copper

• iron

• gold

Answer explanation

The Bessemer Process was a way to produce steel cheaply.

What did the Bessemer Process make possible?

• Mass production in steel

• Iron

• New Inventions

• Production in Gold

What does a Patent do?

• Gives other people your work

• Protects Inventions from been used by others

• Exclusive Right

What is a Coporation?

• A group of workers

• A small buisness

• A group of people

• A buisness that sells portion of ownership

What is vertical Intergration?

• A buisness practice of owning all the buisness in a manufracturing pratice

• A buisness pratice

• The act of moving close to a job

• To move vertically

What is Horizontal Integration?

• owning part of a buisness

• owning all the buisness in a certain field

• owning half of a buisness in a certain field

• owning nothing in a buisness

What is Trust?

• A group of people that trust eachother

• A number of companies without any board of directors

• A number of buisnesses under a company

• A number of companies legally grouped under a single board of directors

What is Social Darwinism?

• Natural Selection in people

• A view of society

• A view of society based on Charles Darwin's scienfic theory of natural selection

• A scienfic theory

What is a Monopoly

• Control over a buisness

• Complete control over the goods of a market

What is the Sherman Anti-Trust Act?

• Law that made monopolies illegal

• A law that make stuff illegal