Industrialization Quiz

What is the definition of "prolific"?

• Very productive

• Awful or horrible

• Limited government regulation

• Non-interference in business

Who was Andrew Carnegie?

• A business leader in the oil industry

• An industrialist and philanthropist who made his fortune in steelmaking

• A banker who consolidated steel companies

• A manufacturer of sleeping cars

What industry did Cornelius Vanderbilt control?

• Oil

• Steel

• Railroads

• Banking

What did John D. Rockefeller establish in the oil business?

• A new drilling technique

• A monopoly

• A labor union

• A government regulation

What is a merger?

• The splitting of a company into smaller parts

• The combining of two or more companies

• The acquisition of a company by the government

• The liquidation of a company

What is a monopoly?

• A type of government regulation

• Complete control over an industry’s production, wages, and prices

• A small business competing in a free market

• A partnership between two companies

What was the Panic of 1893?

• A nationwide economic collapse resulting in widespread unemployment and business failures

• A major political scandal involving government officials

• A natural disaster that affected the entire country

• A cultural movement that changed art and literature

What does the term "consolidate" mean?

• To separate

• To combine

• To destroy

• To ignore

What is "philanthropy"?

• Actions or donations intended to help communities

• A type of investment strategy

• A form of government

• A scientific theory

What is a "sweatshop"?

• A luxurious clothing store

• A small workshop for making clothing, often with poor conditions

• A type of gym

• A government office