Industrialization and the Gilded Age

What are companies who dominate a specific industry (steel, oil, etc.) called?

• Monopolies

• Local Business

• Corporations

• Competitors

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

Exclusive rights to an invention or product is called

• Copyright

• Patent

• Patient

• Potato

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

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

What is a Laissez-Faire economy?

• An economy that is completely controlled by the U.S. government
• An economy that is partially controlled by the U.S. government
• An economy that works best when there is very little involvement by the U.S. government
• An economy that is controlled by another country

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

The biggest oil company in the US during the period 1865-1900 was created by 

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

What option below is contributing to the action seen in the cartoon?

• Communism

• Laissez-Faire Economics

• Socialism

• Increased Unions