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Terms for Rise of Industry Quiz

Total questions: 16

Worksheet time: 9mins

Name
Class
Date
1.

Match the following terms with their definitions:

a)

Bessemer Process

1.

Process by which steel is made cheaper and stronger

b)

Commerce

2.

Doing business on a large scale

c)

Second Industrial Revolution

3.

A phase of rapid industrialization in the late 19th century and early 20th.

2.

Match the following individuals with their associated industries or innovations:

a)

Shipping Industry: Railroads and boats

1.

Cornelius Vanderbilt

b)

Standard Oil, Vertical and horizontal integration

2.

John Rockefeller

c)

Carnegie steel, Bessemer process

3.

Andrew Carnegie

3.

Match the resource with its definition:

a)

Resources that involve the use of people

1.

Human Resources

b)

Resources that involve the use of money

2.

Capital Resources

c)

Resources found in nature

3.

Natural Resources

4.

This represents part ownership in a company

a)

Stock

b)

Bond

c)

Loan

d)

Dividend

5.

Part of a company's profits that are shared with the stockholders

a)

Dividends

b)

Interest

c)

Capital Gains

d)

Retained Earnings

6.

owned by many people known as stockholders

a)

Resources

b)

Dividends

c)

Stock

d)

Corporation

7.

A place where stocks can be bought and sold

a)

Stock Exchange

b)

Mass Production

c)

Stockington

d)

Corporations

8.

People who own stock that represents part ownership in a company

a)

Stockholders

b)

Stock Exchange

c)

Corporations

d)

Sloth-holders

9.

Workers stay in one place as products edge along a moving belt known as the ________.

a)

Assembly Line

b)

Production Cycle

c)

Industry

d)

Conveyor Process

10.

Economic activity concerned with processing raw materials to finished products

a)

Assembly Line

b)

Production Cycle

c)

Industry

d)

Conveyor Process

11.

Exclusive rights to make or sell inventions are called ________.

a)

Patents

b)

Trademarks

c)

Copyrights

d)

Licenses

12.

Businesses are connected and rely on one another

a)

Interdependence

b)

Free Enterprise

c)

A business owned by one person

d)

Corporation

13.

When a company owns all or nearly all of the business in an industry

a)

Monopoly

b)

Free Enterprise

c)

Mass Production

d)

Commerce

14.

Match the following

a)

Width of a railroad track

1.

Gauge

b)

When railroad companies divided up businesses in a certain area

2.

Pool

c)

Something that can be looked to for help

3.

Resource

d)

Discounts given to businesses that ship large quantities of goods

4.

Rebate

15.

Formed to oversee the railroad industry

a)

Interstate Commerce Commission

(ICC)

b)

Interstate Commerce Act

(ICA)

c)

Consolidate

d)

Interstate

16.

Businesses that cross state lines

a)

Interstate Commerce Commission

(ICC)

b)

Interstate Commerce Act

(ICA)

c)

Consolidate

d)

Interstate commerce