Unit 3 Vocabulary Review Quiz

A system for turning out large numbers of products quickly and inexpensively?

• sweatshop

• monopoly

• corporation

• mass production

Which term refers to a person who starts and manages a business?

• Entrepreneur

• Monopoly

• Corporation

• Sweatshop

Which term describes a situation where a single company dominates an industry?

• Mass Production

• Monopoly

• Homestead Strike

• Pullman Strike

Who was a prominent figure in the oil industry and founded Standard Oil?

• John D. Rockefeller

• Thomas Edison

• Andrew Carnegie

• Knights of Labor

What is a large business organization that operates under a single legal entity that sales shares of ownership?

• Mass Production

• Monopoly

• Corporation

• Sweatshop

Which term refers to a workplace with poor working conditions and low wages?

• Mass Production

• Monopoly

• Sweatshop

• Homestead Strike

Which labor strike in 1892 was a major conflict between workers and management in the steel industry?

• Homestead Strike

• Pullman Strike

• Haymarket Square Riot

• Thomas Edison

Which labor strike in 1894 involved workers of the Pullman Palace Car Company?

• Homestead Strike

• Pullman Strike

• Haymarket Square Riot

• Thomas Edison

Who is credited with inventing the commercial light bulb and phonograph?

• John D. Rockefeller

• Thomas Edison

• Andrew Carnegie

• Knights of Labor

Which labor union aimed to unite all workers, regardless of skill level or trade?

• Knights of Labor

• Haymarket Square Riot

• Andrew Carnegie

• Steel led to skyscrapers