Triumph of Industry Quiz Review

making goods in large numbers through the use of machinery and assembly lines

• Thomas Edison

• mass production

• Bessemer process

• vertical integration

A single business owned by multiple different people

• trust

• monopoly

• cartel

• corporation

All of these people were big business owners in the second industrial age EXCEPT

• Andrew Carnegie

• John D. Rockefeller

• Thomas Edison

• Cornelius Vanderbilt

a period of rapid growth in U.S. manufacturing in the mid to late 1800s

• Knights of Labor

• American Federation of Labor (AFL)

• Sherman Anti-Trust Act

• Second Industrial Revolution

A person who starts up and takes on the risk of a business

• corporation

• trust

• entrepreneur

• cartel

a policy or attitude of letting the economy freely take its own course, without government interference.

• laissez-faire

• socialism

• social darwinism

• horizontal integration

A tax on imported goods that raises the price of imports so people will buy domestic goods

• patent

• Bessemer process

• protective tariff

• mass production

A ________ is group of _________s run by a single board of directors created to form a _________

• trust, corporations, monopoly

• corporation, trusts, monopoly

• monopoly, trusts, corporation

• trust, monopolies, corporation

a political theory advocating state or government ownership of industry, property and income as opposed to private companies

• laissez-faire

• socialism

• social darwinism

• mass production

The belief that only the fittest survive in human political and economic struggle.

• Vertical Integration

• Horizontal Integretion

• Socialism

• Social Darwinsim