Second Industrial Revolution

Front

What is the system of how money is made and used?

Back

economy

Front

What is a patent?

Back

The document that gives an inventor the sole legal right to that invention.

Front

Which of the following is NOT true about Henry Ford's Assembly Line?

• Each worker performed one or two tasks over and over
• Production was faster and cheaper
• Since the price of cars dropped so much, many more people could buy them
• A highly skilled worker created one product at a time and worked on it until finished

Back

A highly skilled worker created one product at a time and worked on it until finished

Front

This railroad was completed in 1869 and connected the east and west coasts.

Back

Transcontinental

Front

This is an economic system with minimal government regulation.

Back

Free Enterprise

Front

Select the correct chronological order for how the light bulb impacted industry: 1: factories could operate after sundown 2: factories could make more products 3: cost of making products dropped

Back

1: factories could operate after sundown 2: factories could make more products 3: cost of making products dropped

Front

Vertical Integration

Back

owning all steps in the manufacturing process (raw materials, transportation, and production)

Front

What do we call the technique when a business buys out the competition and owns the entire industry?

Back

Horizontal Integration

Front

Trusts in business

Back

multiple companies from the same industry controlling prices