AMSCO 6.5-6.6 Innovation & Industrial Capitalism

Match the following

• Invented the electric transformer

• 
• Inventor of the telephone

• 
• Founder of Kodak Cameras

• 
• Trans-Atlantic Cable

• 
• Inventor of the light bulb

• 

Categorizes these changes

Groups:

(a) Changes to the Cities

,

(b) Changes in Marketing-Comsumerism

,

(c) Changes in Food

• canning

• Mail Order Companies

• packaged foods

• Otis Elevator

• Steel Suspension Bridges

• subways

• Department Stores

• Skyscraper

• Advertising

• Sears

• RH Macy

• Brooklyn Bridge

• Kelloggs - Post

• Refrigerated Railcars

What was the US first "Big Business"

• The steel industry
• The oil industry
• The railroad industry
• The textile industry

Match the Robber Baron with their Industry

• Automobiles

• 
• Oil

• 
• Banking

• 
• Railroads

• 
• Steel

• 

Match the industrial terms

• A combination of firms or corporations for the purpose of reducing competition

• monopoly

• Exclusive control over a commodity or service

• Vertical Integration

• Combining companies at different stages of production

• Horizontal integration

• Combining companies at the same stage of production

• Holding Company

• A company that owns other companies

• Trust

Other industrial era terms & ideas

• Minimal government intervention

• Adam Smith

• Competition leads to progress

• survival of the fittest

• Father of modern economics

• laissez-faire

• Justification for inequality

• Social Darwinism

Which of the following were methods of corruption in the Railroad industry

​ (a)   ​ (b)   ​ (c)  

• Watering Stock
• rebates
• pools
• bribing politicians
• overcharging customers
• falsifying records