Gilded Age 1-3 Review

The man responsible for founding the biggest steel corporation in the US during the period 1865-1900 was

• Jay Gould

• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The revolutionary invention created by Alexander Graham Bell was called:

• The internal combustion engine

• The lightbulb

• The telephone

• The sewing machine

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

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

The Bessemer Process was

• inexpensive mass production steel process

• agricultural process for livestock production

• a method of building skyscrapers

• a method of negotiation used by Labor Unions

This revolutionary breakthrough brought forth the second industrial revolution:

• The steam engine

• Electricity

• Nitroglycerin

• Computer automation

Who would justify the idea that competition breeds success?

• Socialists

• Union Leaders

• Social Darwinists

• Anarchists

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

What does this image say about the control of Stand Oil?

• Standard Oil was a successful corporation

• Standard Oil is trying to save government from political bosses

• Standard Oil is trying to keep government on the right track to benefit laborers

• Stand Oil had control over many aspects of government

An organization of workers dedicated to protecting members' interests and improving wages, hours and working conditions for all.

• Labor Union

• Workers Rights Association

• Labor Alliance

• Collective Bargaining Association