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The Industrial Age - Era of Big Business

Total questions: 12

Worksheet time: 12mins

Name
Class
Date
1.

To buy raw materials and equipment, pay workers, and cover shipping and advertising costs, Businesses need:

a)

Land

b)

Labor

c)

Capital

d)

Entrepreneur

2.

To access and acquire raw materials, to place production facilities and factories, and to set up merchants or retailers, Businesses need:

a)

Land

b)

Labor

c)

Capital

d)

Entrepreneur

3.

To harvest raw materials, to transform raw materials into goods and products, and to perform difficult physical tasks, Businesses need:

a)

Land

b)

Labor

c)

Capital

d)

Entrepreneur

4.

What material was ideal for railroad tracks and bridges because of it's increased strength over iron?

a)

Lumber

b)

Iron

c)

Steel

d)

Coal

5.

The Three factors of production are:

a)

Capital

b)

Land

c)

Entrepreneurship

d)

Labor

6.

When two or more businesses combine into one, it is called:

a)

A Trust

b)

A Monopoly

c)

A Corporation

d)

A Merger

7.

What are people called who invest in corporations by buying stock?

a)

Bondholders

b)

Corporation Bosses

c)

Shareholders

d)

Stock Traders

8.

What are people called who start businesses?

a)

Entrepreneurs

b)

Investors

c)

Shareholders

d)

Trusts

9.

Gaining almost total control of an industry is called:

a)

A Monopoly

b)

Vertical Integration

c)

Horizontal Integration

d)

A Dividend

10.

Who was the steel industrialist who donated hundreds of millions of dollars as a philanthropist?

a)

Andrew Carnegie

b)

J. Edgar Thompson

c)

John D. Rockefeller

d)

J. Pierpont Morgan

11.

Who was the oil industrialist who dominated 90% of the oil industry?

a)

Andrew Carnegie

b)

J. Edgar Thompson

c)

John D. Rockefeller

d)

J. Pierpont Morgan

12.

Which legislation was a response to the public's growing concern over trusts and monopolies?

a)

Monopolies Act

b)

Sherman Antitrust Act

c)

Trust Act

d)

Trust and Monopolies Act