Industrialization

Front

In what industry did Andrew Carnegie make his fortune?

Back

Steel

Front

Why did children work in factories in the late 1800s? Options: the law required children to work at a certain age, factories kept schools on site, their jobs included benefits, families needed the additional income

Back

families needed the additional income

Front

A strike is often an effective tool/strategy for a union to use because

Back

it causes the owner to lose money

Front

Who invented the light bulb?

Back

Thomas Edison

Front

Cornelius Vanderbilt made his fortune in which industry?

Back

railroad

Front

J.D. Rockefeller made his fortune in what industry?

Back

oil

Front

A monopoly is when

Back

one company has complete control of a product or service

Front

The American economy boomed in the late 1800's because

Back

America had access to many raw materials and lots of workers

Front

Buying up all of your competition in order to gain control over your industry would be an example of

Back

horizontal integration

Front

Rockefeller's control of oil drilling, oil refining, oil shipping and oil sales are an example of

Back

vertical integration