Industrial Revolution/Immigration Review

What did the Bessemer Process do ?

• was an inexpensive way to mass produce steel

• Developed a method for producing aluminum

• Developed a method for producing paper

• Developed a method for producing plastics

Which of the following is an appropriate description of a Trust ?

• a group of companies that illegally work together to control prices and reduce competition

• A group of people who are legally bound to act in the best interests of another

• A financial arrangement in which one party holds assets for the benefit of another

• An agreement between two or more parties to share resources and responsibilities

What was the Sherman Antitrust Act ?

• a law to oppose monopolies and trusts

• A law to promote monopolies

• A law to regulate labor unions

• A law to hurt consumers

Which of the following is an example of Horizontal Integration ?

• Nike buying Reebok and Adidas

• McDonald's purchasing Publix

• Amazon acquiring Whole Foods

• Apple launching the iPhone

What purpose did the AFL serve at this time ?

• one of the first labor union federations in the US

• A platform for advocating for women's rights

• A platform for uncollective bargaining

• A platform for promoting workplace productivity

What was the purpose of a patent at this time ?

• to protect an invention or idea, a license from the government for a period of time

• To provide financial compensation to inventors

• To encourage innovation and creativity

• To ensure the safety of the public

What was the purpose of a strike during this time in history ?

• To get higher taxes placed on goods

• To protest unfair labor practices

• To demand higher employment

• To demonstrate animosity among workers

What was the importance of Samuel Gompers ?

• first person to lead and longest serving president of the AFL

• He built the first skyscraper

• He created the Bessemer Process

• He introduced the concept of socialism to American Life

JP Morgan was known for what during this time period ?

• Banking and Finance

• Manufacturing and Retail

• Politics and Diplomacy

• Art and Culture

Social Darwinism was a concept that stated what ?

• in society, survival of the fittest in sociology and politics, wealthy grow more wealthy, poor remain - stay poor

• In society, those with the most resources will be the most successful

• In society, those with the most knowledge will be the most successful

• In society, those with the most power will be the most successful