1.4 Industrialism Quiz

Match the following "Business Practices"

• Holding Company

• One business controls others due to stock ownership

• Trust

• One company is owned entirely by stockholders

• Corporation

• One business buys out their competitors

• Monopoly

• Multiple businesses can join forces

Laissez-faire means...

• natural rights
• iron law of wages
• leave alone

• tabula rasa

AN exclusive right granted for an invention, which is a product or a process that provides a new way of doing something.

• Copyright

• Trademark

• Copyleft

• Patent

This event was the "Movement of African Americans north in search of job opportunities." It began around 1917.

(a)  

(a)   is the movement of populations from rural to urban areas.

Redistribution of income (distributing wealth and income)

• Capitalism

• Socialism

• Communism

This is an economic theory and system predicated upon a country's trade and industry being controlled by private owners for profit, rather than by the state.

• Democracy

• Communism

• Capitalism

• Free Market Economy

Property is owned by the state

• Communism
• Capitalism

Match the following

• Captains of Industry

• Buying out similar companies to eliminate competition, approaching "monopoly" status

• Vertical Integration

• Industry leaders of the Gilded Age whose personal fortunes made them extremely wealthy

• Horizontal Integration

• Buying out companies from every phase of production - resources, manufacturing, distributing

Match the following

• Capitalism

• A blend of capitalism and communism, often referred to as socialism.

• Mixed Market

• An economic ideology where all or most economic decisions are based on the free market

• Communism

• An econoic ideology where the government makes all economic decisions