Front

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

Back

Monopolies

Front

What did Union workers do when negotiations with their employers failed?

Back

They went on strike.

Front

What is a Laissez-Faire economy?

Back

An economy that works best when there is very little involvement by the U.S. government.

Front

What allows products to be mass produced generally allowing the price to decrease? Options: assembly line, push factor, pull factor, sharecropping

Back

assembly line

Front

Companies who specialize in one area of business and buy out competition use the method of organization called

Back

Horizontal Integration

Front

Companies who control all the different phases of the business to control profits & maximize efficiency use the method called

Back

Vertical Integration

Front

Who founded the biggest steel corporation in the US during the period 1865-1900?

Back

Andrew Carnegie

Front

The biggest oil company in the US during the period 1865-1900 was created by

Back

John D. Rockefeller

Front

We have _________________ to thank for rapid expansion / industrialization in the United States during the late 1800s.

Back

access to natural resources

Front

In order to reach new resources located throughout the American frontier, the _________________ industry was forced to expand rapidly.

Back

railroad