U.S. Ch. 3 Test Review

Front

An oil tycoon who made deals with railroads to increase his profits

Back

John D. Rockefeller

Front

A steel tycoon who used vertical integration to increase his power

Back

Andrew Carnegie

Front

Exclusive control by one company over an entire industry

Back

monopoly

Front

What is a Captain of Industry?

Back

a powerful industrialist who uses his wealth in a positive way

Front

According to this cartoon, Standard Oil company (and its owner) have

Back

too much influence over the federal government

Front

The method of melting iron & blowing air to remove impurities, creating steel, is called the 

Back

Bessemer Process

Front

Which of the following was not a reason for population growth in the US during the late 1800s? Large Families, Flood of immigrants moving to the US, Better living conditions allowed more children to survive to adulthood, People residing in rural areas

Back

People residing in rural areas

Front

What is laissez-faire?

Back

A belief that the government should not interfere in the economy.

Front

What is an Entrepreneur?

Back

A person who organizes, manages, and assumes the risk of a business.

Front

One effect of mechanization is:

Back

Lower cost production