S1 US History Final Exam - Study Guide

Banker who made his money by taking over and merging other businesses

• J.P. Morgan

• Cornelius Vanderbilt
• Andrew Carnegie
• John D. Rockefeller

Scottish immigrant who became a giant in the steel industry

• Andrew Carnegie
• J.P. Morgan
• Cornelius Vanderbilt

• John D. Rockefeller

Head of Standard Oil Company

• J.P. Morgan
• Cornelius Vanderbilt

• John D. Rockefeller
• Andrew Carnegie

Major figure in the expansion of regional railroads

• John D. Rockefeller
• Cornelius Vanderbilt
• J.P. Morgan

• Andrew Carnegie

set up a research laboratory at Menlo Park, NJ

• Thomas Alva Edison
• Edwin L. Drake

• George M. Pullman

• Lewis H. Lattimer

Theory that taught only the strong survived

• Pacific Railway Act
• Social Darwinism

• Laissez-faire
• Land grant

Law granting Congress authority to regulate railroad activities

• Interstate Commerce Act

• Sherman Antitrust Act

• Pacific Railway Act

• Collective Bargaining

Complete control over an industry's production, wages, and prices

• Horizontal Integration

• Laissez-faire

• Trust

• Monopoly
• Vertical Integration

Process in which a company buys out its suppliers

• Horizontal Integration

• Laissez-faire

• Monopoly

• Trust

• Vertical Integration

Which of the following factors helped lead to a period of industrial growth during the late 1800s?

• the increase in the cost of hiring labor

• the decline in the population of urban areas

• the decline in government spending for business and innovation

• the increase in the development of new uses for natural resources