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WorksheetsBig Business Era
Total questions: 46
Worksheet time: 23mins
What word means businesses that legally work together as a monopoly to reduce competition
consumers
refining
tariff
trust
What word means term for those who purchase products
consumers
refining
tariff
trust
What word means system where individual business owners make all business decisions
consumers
monopoly
free enterprise
corporation
What word means the time period when manufacturing increased
tariff
monopoly
free enterprise
Industrial revolution
What word means a tax on goods made in one country and brought into another
trust
tariff
refining
free enterprise
What word means a large business that is owned by stockholders
monopoly
corporation
consumers
refining
What word means an organization that controls a large part of an industry
monopoly
corporation
consumers
refining
What word means taking a raw material and making a useful product out of it
free enterprise
refining
tariff
trust
What word means located in the countryside
immigrant
urban
interest
rural
What word means using money to make more money
investing
urban
interest
rural
What word means the process of making products with machinery
assembly line
interest
manufacturing
investing
What word means charging money to borrow money
assembly line
investing
manufacturing
interest
What word means a person who comes to a new country to live
rural
immigrant
manufacturing
interest
What word means located in the city
rural
urban
manufacturing
interest
What word means to put together a product by moving it past workers who add or adjust parts
assembly line
interest
manufacturing
investing
What word means the process of making large amounts of a product quickly and cheaply
assembly line
manufacturing
mass production
investing
Which type of economic system does the United States mostly have?
Free Enterprise
Socialism
Communism
Command
Which person donated money to build the Hutchinson public library?
George Washington
Andrew Carnegie
Abraham Lincoln
John D. Rockefeller
Which one is false?
Big Business owners helped make America an industrial power in the world
Andrew Carnegie's workers were well paid and had good working conditions
JP Morgan's banks controlled many different industries in the U.S.
In our economy, the consumer controls what is produced
One disadvantage of your company becoming a corporation is that
the owner no longer has complete control of business decisions
selling stocks in the business brings in more money to expand or hire new workers
selling stocks in the business guarantees that stockholders will make a lot of money
stockholders are personally held responsible for company debts
Most of the industrial centers in the United States were in the:
West
Southwest
Northeast
rural areas
What was the purpose of the Sherman Anti-Trust Act?
to prevent discrimination in the workplace
to help recently freed slaves get jobs in factories
to control the power and abuses of big businesses
to regulate rates charged by railroads
If money is adjusted so it is comparable to today, who is considered the richest American ever?
Sam Walton
Bill Gates
John D. Rockefeller
Warren Buffett
Which one is true of the United States in 1900?
the population steadily decreased
immigration provided many inexpensive workers for industry
the value of farm goods produced was more than the value of factory goods
the number of immigrants decreased due to U.S. laws to limit their numbers
Which of the following is true of monopolies?
they usually provided goods to consumers at a cheaper price
the consumer can choose similar products from many businesses
the steel and oil industries were two of the largest in the late 1800's
tariffs would account for a big part of the expenses for monopoly owners
Why were monopolies made illegal?
illegal deals were being made with railroads
they lowered prices so that other businesses couldn't make money
forced consumers to pay higher prices due to fewer buying options
all of the above
Tariffs can cause consumers to purchase American made goods because
they raise prices on goods made in the U.S.
they cause products to be made of better quality
they raise prices on foreign made goods sold in the U.S.
they lower taxes so people have more money to spend
This company was known as the greatest, wisest, and meanest monopoly ever known.
House of Morgan
Carnegie Steel
U.S. Steel
Standard Oil
By 1900, the amount of _________ in the U.S. doubled from 1860.
manufacturing
Agriculture
Monopolies
plantations
The most important measure of how well the U.S. economy is doing is:
the stock market
how houses are selling
the price of government bonds
how many cases are heard by the Supreme Court
One advantage of your company becoming a corporation is that
the owner no longer has complete control of business decisions
selling stocks in the business brings in more money to expand or hire new workers
selling stocks in the business guarantees that stockholders will make a lot of money
stockholders are personally held responsible for company debts
Which one is true about the era of big business?
the first discovery of oil in the U.S. was in North Dakota
the most important place for iron ore in our country was Ohio
working conditions for many immigrants were very safe
many of the wealthy in the U.S. had too much political power
An example of corruption during the late 1800's was
Lincoln issuing the Emancipation Proclamation
Rockefeller getting kickbacks and refunds from railroads to transport oil
Mark Twain naming the time period the Gilded Age
all of the above
Which is the least likely to be true of a monopoly?
the owners paid their workers well
the owners would make money by likely increasing prices for their products
a monopoly might control almost an entire market for a product
monopoly owners had a lot of power
America's seemingly unending amount of _____________ helped to supply industry with the raw materials for making products.
People
natural resources
Money
soldiers
The United States went from being a ____________ to a ____________ country within the 50 years between 1850-1900.
farming - manufacturing
mostly rural - more urban
less populated - more populated
all of the above
Who owned the 1st steel mill monopoly?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who owned Standard Oil Company?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who was the owner of the most successful car company of the time?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who gave away exactly 1/2 of fortune?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who was a rich and powerful banker?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who was America's most famous inventor?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who gave away 90% of fortune?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who bought steel mills from Carnegie to create U.S. Steel?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who is credited with developing the assembly line process?
Carnegie
Edison
Rockefeller
Ford
Morgan
Who was a poor immigrant, became one of the richest people in America?
Carnegie
Edison
Rockefeller
Ford
Morgan
