REVIEW - American Industrial Revolution

1. Which of the following tycoons started the Standard Oil Company, was headquartered in Cleveland, OH, and was an oil baron?

• Andrew Carnegie

• John D. Rockefeller

• J.P. Morgan

• George Pullman

2. William Vanderbilt was not only a contributor to Vanderbilt University in Tennessee, but was also a tycoon in the.....

• banking industry

• steel industry

• coal industry

• railroad industry

3. In this excerpt from an 1896 essay, architect Louis Sullivan describes certain conditions typical of growing urban centers of commerce and industry.

“The invention and perfection of the high speed elevator make vertical travel, that was once tedious and painful, now easy and comfortable; development of steel manufactures has shown the way to safe, rigid, economical constructions rising to a great height…..”

Sullivan’s observation relates to which feature of most large, modern cities?

• Airports

• Malls

• Skyscrapers

• Public Parks

When one company has complete control over an industry it is known as a......(Check all that apply)

• Monopoly

• Trust

• Holding Company

• Partnership

5. Which of the following things were common in the industrial world during the late 1800s? (Check all that apply).

• Paid vacations

• Injuries on the job

• Child Labor

• 12-16 hour workdays

• Overtime pay

6. Horizontal integration is when a company buys out its...............

• competitors

• suppliers

• debtors

• investors

Which philosophy states that the successful businessmen would be strong and adapt while the failures in business would simply die out?

• Philosophy of Monopolies

• Theory of Evolution

• Theory of Relativity

• Philosophy of Social Darwinism

• Philosophy of Trusts

In the late 19th century, industrialization led to harsh working conditions in the United States. Big business only cared about making money and not about people's safety. Which "hands off" policies of the US government allowed such conditions to develop and later led to the growth of labor unions to correct abuses of workers?

• laissez-faire policy towards big business

• anti-trust policies towards big business

• Imperialist policies regarding territorial expansion

• isolationist policies regarding international alliances

10. Which tycoon made most of his money through the manufacture of steel, partnered with Henry Clay Frick, and set his headquarters in Pittsburgh, PA?

• John D. Rockefeller

• Andrew Carnegie

• J.P. Morgan

• George Pullman

Vertical integration is when a company buys out its.....

• competitors

• suppliers

• debtors

• stock holders