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S 912 A 3 8

Total questions: 50

Worksheet time: 2hrs 40mins

Name
Class
Date
1.

These steps are all performed by a single company.


Which of the following best describes the information on the diagram?

a)

Horizontal Integration

b)

Bessemer Process

c)

Vertical Integration

d)

Carnegie-Rockefeller Transmogrification

2.

Which of the following describes how one of the inventions below would enable factories to produce more goods by extending hours of production?

a)

The ice machine helped workers stay cool in the summer.

b)

The light bulb made it possible to consistently light work spaces.

c)

The automatic loom allowed factories to produce more woven material.

d)

The telephone opened lines of communication between suppliers and factories

3.
What statement best characterizes the principle of laissez faire? 
a)
It’s the responsibility of the government to regulate business practices.
b)
Riches are a sign of God’s favor and poor people are inferior and deserve living in poverty.
c)
To succeed in business a firm should buy out all of its competitors and completely control an industry’s production, wages, and prices.
d)
The marketplace should have no regulations and natural selection governs business success or failure.
4.

In the cartoon, President Theodore Roosevelt is depicted doing which of the following?

a)

Standing guard to protect big business

b)

Enforcing the Sherman Anti-Trust Act

c)

Leading a government take-over of large industries

d)

Putting an end to industries that might harm the environment

5.

During the early 1800's, which factor contributed the most to the start of the Industrial Revolution in the United States?

a)

a restriction on European immigration

b)

the end of the slave labor system

c)

an abundance of natural resources

d)

the availability of electricity

6.
What "powered" the first Industrial Revolution?
a)
water, wind, & steam
b)
air
c)
coal
d)
electricty
7.

Where did the population move to during the 1st Industrial Revolution?

a)

England

b)

farms

c)

Cities /urban centers

d)

Russia

8.
What transportation and communication developments took place during the 1st Industrial Revolution?
a)
paddle boats
b)
cell phones
c)
railroads
d)
Steamships and telegraphs
9.
When did the 2nd Industrial Revolution take place?
a)
1790-1840
b)
1870-1914
c)
1980-1990
d)
2000-2010
10.
The 2nd Industrial Revolution was powered by?
a)
Coal and oil
b)
steam
c)
water
d)
air
11.
The 2nd Industrial Revolution is also known as?
a)
Industrial Revolution 
b)
Technological Revolution
c)
War Revolution
d)
Advanced Revoluton
12.
Who were 2 important inventors of the The 2nd Industrial Revolution? 
a)
Howard & Hall
b)
Madison & Johnson
c)
Bell & Edison
d)
Hoover & McNair
13.

Who did America surpass to become the world's leader in manufacturing?

a)

China

b)

Georgia

c)

Russia

d)

England

14.
What factors contributed to America's success during The 2nd Industrial Revolution?
a)
Population, natural resources, pro-business government
b)
Tight security 
c)
The government taking control of all businesses
d)
Finding good workers
15.
What type of open-market economy does the government not intervene with industry.
a)
open ended
b)
fun economy
c)
Laisses-faire capitalism
d)
government controlled
16.
These are entities that separate the owners from the legal obligations of a company?
a)
businesses
b)
grocery stores
c)
non-profit 
d)
Corporations
17.

What did Mark Twain title the age from 1870 to 1900?

a)

"The Gilded Age"

b)

"The Glorious Revolution"

c)

"The Money Making Age"

d)

The Successful Revolution"

18.

What was the term to deride these often-unethical Captains of Industry?

a)

Crooks

b)

Robber Barons

c)

cheaters

d)

losers

19.
This is when different industries combine under one corporation?
a)
A Corporation
b)
A Grouping
c)
A Trust
d)
A Gathering
20.

What is it called when a company buys out all its competition becoming the only viable supplier?

a)

A Dealership

b)

Rich

c)

A Monopoly

d)

dominate

21.
Rockefeller introduced these 2 types of integration to cut costs by eliminating the supply chain?
a)
Supply and Demand
b)
Vertical & Horizontal Integration
c)
Northern and Southern business practices
d)
Integration of American and Chineese products
22.
What company did Rockefeller create, only to have broken up as a monopoly?
a)
Steel
b)
Cruise Ships
c)
Railroad
d)
Standard Oil
23.

What business did Scottish immigrant Andrew Carnegie Dominate?

a)

Steel

b)

Standard Oil

c)

telephone

d)

railroads

24.

What was the name of the famous investment banker who helped save the U.S. economy more than once?

a)

Wells Fargo

b)

T.D. Morgan

c)

Launch Morgan

d)

J.P. Morgan

25.

This industrialist helped establish Florida as a tourist destination with the help of his railroad line that went through Titusville all the way to the Keys.

a)

Andrew Carnegie

b)

John D. Rockefeller

c)

Henry Ford

d)

Henry Flagler

26.

Mass ______ and natural growth led to a population explosion in the 19th Century.

a)

immigration

b)

death

c)

amount of babies born

d)

migration

27.

What type of integration is described in the diagram?

a)

Vertical

b)

Horizontal

c)

Corporation

d)

Trust

28.
What type of integration is described below?
A company who buys all the parts of the company from the suppliers to transporters.
a)
Horizontal
b)
Vertical 
c)
Corporation
d)
Trust
29.

______ is a person who seeks to promote the welfare of others through donations of money.

a)

Lottery winner

b)

Philanthropist

30.

How did the patent system encourage inventiveness?

a)

It guaranteed an inventor sole rights to the use of his or her invention.

b)

It guaranteed inventors a fee if they successfully applied and were granted a patent.

c)

It ensured that inventors could locate manufacturers.

d)

It advertised an invention so that the inventor could sell more products faster.

31.

What is an entrepreneur?

a)

Someone who invests time and money to start a business. Someone who takes a risk to make a profit.

b)

Someone who makes a lot of money.

c)

Someone who takes NO risk to make a profit.

d)

Someone who works for a large company.

32.

Which entrepreneur is NOT correctly paired with his field?

a)

John D. Rockefeller—--telecommunications

b)

Andrew Carnegie---steel

c)

Gustavus Swift---meat-packing

d)

J.P. Morgan---finance

33.

What was the significance of the passage of the Interstate Commerce Act (1887) and the Sherman Antitrust Act (1890)?

a)

They established the principle that Congress could regulate business in certain circumstances

b)

They were both used to break up labor unions that interfered with free enterprise.

c)

They prevented poor quality goods from being shipped across state lines.

d)

They encourages big business to grow by passing protective tariffs.

34.

Which African-American inventor is credited with over 50 patents on lubricating systems for steam engines?

a)

Garrett Morgan

b)

Elijah McCoy

c)

Barry Goode

d)

John Burr

35.

Based on your knowledge of the Second Industrial Revolution in the United States, what statement is this cartoon making?

a)

The oil industry is thriving due to a healthy working relationship with the federal government.

b)

The owner of Standard Oil has too much power and influence over the federal government.

c)

The federal government is ruining the oil industry by placing too many restrictions and regulations on business owners.

d)

The owner of Standard Oil is trying to learn how government works.

36.

“The American Beauty Rose can be produced in the splendor and fragrance which bring cheer to its beholder only by sacrificing the early buds which grow up around it. This is not an evil tendency in business. It is merely the working-out of a law of nature and a law of God. “

–John Rockefeller


Which of the following conclusions could be drawn about John Rockefeller based on the quote above?

a)

He welcomed competitors because he knew competition was beneficial to consumers.

b)

He was a strong supporter of government regulation in business.

c)

He was a proponent of trust-busting and opposed any one company having too much control over an industry.

d)

He supported the theory of Social Darwinism.

37.

During the early 1800's, which factor contributed the most to the start of the Industrial Revolution in the United States?

a)

a restriction on European immigration

b)

the end of the slave labor system

c)

an abundance of natural resources

d)

the availability of electricity

38.

The cartoon depicts a social issue in United States history. With which social issue is this cartoon associated?

a)

the power of political machines during the Second Industrial Revolution

b)

the power of big businesses (Captains of Industry) during the Second Industrial Revolution

c)

the influence of immigration quotas during the Gilded Age

d)

the influence of suffrage reformers during the Gilded Age

39.

Define FREE ENTERPRISE:

a)

A business taking a risk to make a profit.

b)

A program administered by the Government.

c)

A business that gives out services for free.

d)

A business adventure or undertaking.

40.

Supporters of laissez-faire believed the government should interfere in the economy only to

a)

bring the country out of an economic crisis.

b)

keep prices from rising too much.

c)

protect new domestic businesses from foreign competition.

d)

protect property rights and maintain peace.

41.

____________ believed that society was a competition in which the fittest came out on top, which justified the inequality handed to immigrants and minorities during the Gilded Age.

a)

Socialists

b)

Social-Darwinists

c)

Transcendentalists

d)

Unionist

42.

What economic concept is best illustrated by the cartoon?

a)

supply and demand

b)

free enterprise

c)

monopoly

d)

free trade

43.

Which argument supports the perception of big business leaders as “Captains of Industry”?

a)

Industrialists support for technology benefited the economy

b)

Monopolies forced small companies out of business

c)

Consumers were harmed by inflated prices

d)

Workers’ wages fell as industrialists profited

44.

Which of the following measures did Congress pass to fight against the Standard Oil monster we see in the cartoon:

a)

Laissez-Faire

b)

Dawes Act

c)

Homestead Act

d)

Sherman Anti-Trust Act

45.

Which statement most accurately expresses the main idea of this 1883 cartoon?

a)

Most workers in the United States can become business owners

b)

Business owners have achieved wealth through their own hard work.

c)

Social classes arise from the natural differences in the abilities of individuals

d)

The wealthy are benefiting from the efforts of the working class.

46.

Mark Twain labeled the late 1800's in the Us the "Gilded Age" to describe the

a)

end of the practice of slavery

b)

absence of international conflicts

c)

extremes of wealth and poverty

d)

achievements of the labor movement

47.

The shift of the population from the countryside to cities is called

a)

urbanization

b)

infrastructure

c)

melting pot

d)

Americanization

48.

What would a comparison of the First and Second Industrial Revolution show?

a)

The first depended on new inventions but the second did not.

b)

Both relied almost entirely on steam power.

c)

Both used natural resources and relied on telecommunications to send message over long distances.

d)

Both saw improvements in transportation but a truly national market only emerged in the second.

49.

Based on the cartoon, what conclusion can be reached about the United States in the early 1800's?

a)

Most American manufacturing was controlled by business monopolies.

b)

Some American critics felt workers were being oppressed by business monopolies.

c)

Government leaders were finally taking steps to curb the power of business monopolies.

d)

Business monopolies overcharged their customers but were essential to American economic growth.

50.

How were Americans influenced by the growth of railroads during the Second Industrial Revolution?

a)

Railroads led to shortages of raw materials for factories and of workers on farms.

b)

Railroads stimulated the construction of steamships to trade up and down rivers.

c)

Railroads created time zones, the growth of cities, and the first truly National Market.

d)

Railroads caused cotton, rice, and wheat production to move from the Southeast to the West Coast.