Rise of Industry - Sections 1-5

This is the growth in new technologies and manufacturing during the late 18th and early 19th century

• Mass production

• Laissez-Faire

• Urbanization

• Industrial Revolution

This image is an example of

• Labor Union

• Mass Production

• Monopoly

• Urbanization

process which made steel more affordable and profitable

• Gospel of Wealth
• Bessemer Process
• Smelting
• Monopoly

This image is an example of

• Labor Union

• Trust

• Entrepreneur

• Corporation

A company that controls all production and sales of a product is called a

• Laissez-Faire

• Business Giant

• Corporation

• Monopoly

A trust is...

• an individual that controls all production and sales of a particular product or service.

• a business that is owned by many investors.

• a company that had eliminated competition by buying up all of its rivals.

• a group of corporations run by a single board of directors.

During the Gilded Age many capitalists lived like royalty while

• workers lived in poverty

• workers were beginning to enter the middle class

• workers were given huge raises

• workers were sent to unpaid labor camps

This Industrialist ended up controlling almost 90% of the US Oil Refining industry in the US.

• Andrew Carnegie

• John D. Rockefeller

• Madam CJ Walker

• Thomas Edison

Why are monopolies bad for the economy?

• They do not make improvements to products without competition

• They do not have fair prices because there is no competition

• Both A and B

• None of the above

Which application of a new technology can attributed to an invention of Thomas Edison?

• Refrigerated railroad cars allowed food to be transported long distances

• Light bulbs made it efficient for factory workers to work at night

• Diesel engines were used in production of airplanes

• Sonar technology was used to track submarines