Unit 3 - Industrialization, Urbanization, and Immigration Review

What is the movement of people from farms to cities called?

• Utilitarianism

• Urbanization

• Proletariat

• Enclosure Movement

An economic system where the central government owns all property and controls all aspects of the economy.

• Socialism

• Capitalism

• Communism

• Feudalism

Economic system where businesses are privately owned and goods and services are sold for a profit. Also called a free-market economy.

• Capitalism

• Socialism

• Communism

• Feudalism

Another term for monopoly during the period 1865-1900 was

• Big Business
• Trust
• Giant of Industry
• Forbes 500

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

• JP Morgan

• Andrew Carnegie

• John D. Rockefeller

• Cornelius Vanderbilt

John D. Rockefeller practiced horizontal integration by buying

• wildcatters

• oil refining businesses

• steel businesses

• pipelines and tankers

Why did big businesses encourage immigration during the Gilded Age?

• Immigrants provided a large, cheap labor force

• Immigrants received a high wage for working

• Immigrants provided more people to make the work go faster

What is a negative effect of a monopoly or trust?

• Monopolies restrict business competition.

• Monopolies earn a lot of money.

• Monopolies can benefit from economic business.

In the late nineteenth century, critics of big business claimed that monopolies in the United States harmed the economy by?

• unfairly eliminating competition

• failing to keep pace with European industries

• preventing technological innovation

Most immigrants on the East Coast were processed where?

• Washington, D.C.

• Ellis Island

• Angel Island

• Baltimore