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Chapt. 12 review

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Who is known for operating Standard Oil?

a)

John D. Rockefeller

b)

Andrew Carnegie

c)

Jay Gould

d)

Rutherford B. Hayes

2.

Unofficial agreement to keep prices fixed

a)

Pool

b)

Trust

c)

Monopoly

d)

Entrepreneur

3.

Shipping charges, Wages, etec. are examples of

a)

Fixed costs

b)

Operating costs

c)

Capital costs

d)

Stock costs

4.

Importance of the Pacific Railway Act

a)

Began the railroad boom

b)

Allowed the territories out west run their own railroads

c)

Signaled the end of the railroads

d)

All of the above

5.

Lassiez Faire means what?

a)

"Let the people do as they please"

b)

"Never gonna give you up"

c)

"Let the government do as they please"

d)

"Kiki, do you love me?

6.

What is the process used to make strong steel cheaply?

a)

metallurgy process

b)

Induction Process

c)

Beeknees process

d)

Bessemer process

7.

Mortgages , Taxes, etc. are examples of

a)

Fixed costs

b)

Operating costs

c)

Capital costs

d)

Stock costs

8.

Who is known for creating the first telephone

a)

John D. Rockefeller

b)

Andrew Carnegie

c)

Alexander Bell

d)

Thomas Edison

9.

Who is known for manipulating stock prices?

a)

John D. Rockefeller

b)

Andrew Carnegie

c)

Jay Gould

d)

Rutherford B. Hayes

10.

Letting someone else manage your property

a)

Pool

b)

Trust

c)

Monopoly

d)

Entrepreneur

11.

Who is known for creating the first affordable lightbulb

a)

John D. Rockefeller

b)

Andrew Carnegie

c)

Alexander Bell

d)

Thomas Edison

12.

An organization run by many people but treated as one is called a(n)

a)

Pool

b)

Holding company

c)

Trust

d)

Corporation

13.

Lincoln signed this in 1862 to start the railway boom

a)

Time zone act

b)

Gettysburg Address.

c)

Land Grant Law

d)

Pacific Railway Act

14.

To make rail travel more reliable the American railway Association

a)

Divide the nation into timezones

b)

Drew the latitude and longitude for the US

c)

Set a limit on the number of cars pulled by trains

d)

Told people what they could build tracks out of

15.

Aside from natural resources what else helped the US industrialize?

a)

Increased population

b)

New technology

c)

High tariffs

d)

The government

16.

A electric company that owns the coal mines, train lines, and cable factory it depends on is an example of

a)

capital integration.

b)

vertical integration.

c)

business integration

d)

stock integration

17.

Owning all the businesses in one field is known as a(n)

a)

Monopoly

b)

Trust

c)

Corporation

d)

Integration

18.

Locking people off of your property as a means of punishing a union is called

a)

Lockout

b)

Strike

c)

Sitdown

d)

Blacklist

19.

Which event hurt the knights of labor's reputation?

a)

Haymarket Riot

b)

Pullman Strike

c)

Formation of the American Federation of Labor

d)

Great Railroad Strike

20.

by the early 1900's the US had become the worlds leading

a)

Gross national producer

b)

Industrialized nation

c)

Military power

d)

Lassiez Faire nation

21.

Someone who risked their capital to run a business

a)

Poolee

b)

Trustee

c)

Monopolizer

d)

Entrepreneur

22.

A list of troublemakers used by companies to avoid hiring union members and strike leaders

a)

Lockout

b)

Strike

c)

Sitdown

d)

Blacklist

23.

Pick the two railroads that helped build the transcontinental railroad

a)

Central Pacific

b)

Union Pacific

c)

Great Northern

d)

Southern Railway

24.

Central pacific hired 10,000 workers from which country?

a)

Ireland

b)

China

c)

Japan

d)

Germany

25.

Supporters of Lassiez Faire would say the government should only get involved to do what?

a)

Protect US business from foreign competition

b)

Protect property rights

c)

Maintain peace

d)

Bring the country out of economic ruin