Industrialization

What are companies who dominate a specific industry (steel, oil, etc.) called?

• Monopolies

• Local Business

• Corporations

• Competitors

All of the following are TRUE about factory workers in the late 1800s except

• they worked 12 hour shifts for 6 days a week

• they were okay with and tolerated poor working conditions

• they had to rely on their employers to increase wages

• they worked in dangerous conditions

Why did immigrants move to cities?

• They needed a car in rural America

• Housing had a lot of space and was comfortable

• More jobs and lower cost of living

• They wanted to experience discrimination

The sometimes unethical business practices of some industrialists led them to be given this nickname

• Captains of Industry
• Tycoons
• Fat Cats
• Robber Barons

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

allows products to be mass produced generally allowing the price to decrease

• assembly line
• push factor
• pull factor
• sharecropping

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

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

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

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

An effort to improve society through donations of money

• Philanthropy
• Gospel of Wealth
• Laissez-faire
• Protective Tariff