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WorksheetsReassessment Unit 3: Industrialization
Total questions: 22
Worksheet time: 20mins
When a company controls everything from raw materials to the distribution of the product
horizontal integration
vertical integration
trust
monopoly
the idea that industrialists exploited workers, the environment, and corrupted the gov't
captains of industry
robber barons
horizontal merger
trusts
Rockefeller practiced what in the oil industry?
vertical integration
horizontal integration
patent
gospel of wealth
The Second Industrial Revolution...
All about the invention of railroads and steam powered machines
Primarily about innovations, cheaper production of goods, & increased efficiency
Never ended
None of the above
Laissez-Faire Capitalism
Involves the gov't doing small things like setting minimum wages & creating tariffs to help certain industries
Refers to a style of capitalism in which the gov't has no interference w/ economy
Involves trying to own all the businesses involved in each step of the manufacturing process
Management theory using efficiency experts and focusing on chain of command, data, & bureaucracy
a theory using efficiency experts that emphasized using data to make work operations more efficient (and inexpensive)
Scientific Management in Business
Progressivism
Socialism
Laissez-Faire Capitalism
complete control of a product or industry by one person or group
Monopoly
Life
Capitalism
Integration
Positive name to describe wealthy industrialists who seemed to contribute to the growth of the economy and overall well-being of society
Robber Barons
Captains of Industry
Progressives
Muckrakers
A phase of a larger process--from roughly 1870-1914--that began with a new, inexpensive way to make steel and was characterized an emphasis on efficiency, cheap labor, and mass production.
Second Industrial Revolution
Industrialization
Initiative
PSL
What is the term for the rapid growth of cities in the late 1800s?
industrialization
nativism
urbanization
political machinery
What is a monopoly?
A government-run industry
A market with many competing businesses
A single company or individual's control over an industry
A partnership between several small companies
What was one of the main criticisms of "robber barons" during the Gilded Age?
They were too involved in politics.
They provided too many jobs to the economy.
They exploited workers and used unethical business practices.
They were too generous with their wealth.
John D. Rockefeller's (a) held a monopoly since he controlled 90% of the oil refiner
The (a) provided farmers access to distant
markets and allowed Americans to settle the west.
Why were labor unions formed?
To help people find new jobs
To protect the interests and rights of the workers
To assist working men and women find a spouse
To encourage kids to go to school
Who was the oil tycoon who created the Standard Oil Company
Carnegie
Morgan
Rockefeller
Vanderbilt
Financier who made his money in the Banking industry
Rockefeller
Morgan
Carnegie
Vanderbilt
He invented the light bulb and helped "electrify America."
Alexander Graham Bell
George Westinghouse
Cyrus McCormick
Thomas Edison
Match the industrial city with its associated industry.
Steel
Pittsburgh
Automobile
Detroit
Meat Packing
Chicago
Textile
New England
Who is associated with Steel?
J.P. Morgan
Henry Ford
Andrew Carnegie
Cornelius Vanderbilt
Who is associated with Automobiles?
John D Rockefeller
Andrew Carnegie
Henry Ford
J.P. Morgan
