Industrialization review for test

Front

__________________ were businesses that controlled all or most of an industry and often used unethical business practices to gain control.

Back

monopolies, monopoly

Front

Which of the following shifts happened because of Industrialization: More people moved to rural areas, Less work was done in peoples' homes, More products were made with machines and less by hand, There was a decrease in immigration to the United States?

Back

More products were made with machines and less by hand

Front

Which of the following statements supports the artist's interpretation of Rockefeller? "The Captains of Industry were innovators and thinkers", "The Industrialist Robber Barons.....were predatory and materialistic", "Much of the blame heaped on the captains of industry is unwarranted", "Though their methods were questionable, (their) methods were a natural response to the time period"

Back

"The Industrialist Robber Barons.....were predatory and materialistic"

Front

A monopoly is best defined as

Back

a market situation where there is only a single provider of a good or service

Front

One of the methods used by business leaders to increase their profits was: funding research on new technologies, supporting a centrally planned economy, elimination of the tactic of vertical integration, elimination of as much competition as possible

Back

elimination of as much competition as possible

Front

Oil industry

Back

John D. Rockefeller

Front

Steel industry

Back

Andrew Carnegie

Front

Who controlled the railroad industry during the Gilded Age?

Back

Cornelius Vanderbilt

Front

What is a trust?

Back

Group of corporations runs by a single board of directors

Front

The sometimes unethical corrupt business practices of some industrialists led them to be given this nickname

Back

Robber Baron