Gilded Age and 2nd Industrial Revolution Test

How was Henry Ford able to produce an affordable car for the masses?

• Using cheaper materials

• Using cheaper labor

• Using the assembly line

• Using the Bessemer process

What did Thomas Edison and Nikola Tesla go to war over?

• Which invention was the best

• which electric current was best

• a patent

• a girlfriend

What type of business sells shares of its stock to investors?

• monopoly

• corporation

• trusts

• capitalists

A person who owns stock in a company is a(n)

• entrepreneur

• shareholder

• dividend

• capital

The financial assets or the money needed to run a business

• dividend

• stock

• capital

• monopoly

When a company controls all of one industry it is said to be a

• commodore

• Titan of industry

• robber baron

• monopoly

When a business owns all services and products that go into that business(means of production), it is said to be which term?

• Vertical integration

• Horizontal integration

• Corporation

• philanthropist

When a business takes over all the competition in their industry, it is said to be which term?

• Vertical integration

• Horizontal integration

• Corporation

• philanthropist

A person who gives money away to charity is called a(n)

• entrepreneur

• robber baron

• philanthropist

• boss

Name given to business leaders who used ruthless business tactics to get money from customers:

• entrepreneur

• robber baron

• philanthropist

• boss