Business & Industry 2 (Monopolies)

The US grew industrially during the period 1865-1900 for all of the following reasons EXCEPT

• Millionaires created by the Civil War
• Lots of natural resources like iron, coal, & oil
• Cheap labor in the form of immigrants
• Strong middle class workforce

The inventor of such items like the phonograph, electric generator, & movie projector was

• Alexander Graham Bell
• Thomas Edison
• Nicola Tesla
• Eli Whitney

Companies who control all the different phases of the business to control profits & maximize efficiency use the method called

• Horizontal Integration
• Vertical Integration
• Big Business Model
• Maximum Profit Idea

Companies who specialize in one area of business use the method of organization called

• Horizontal Integration
• Vertical Integration
• Bug Business Model
• Maximum Profit Idea

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

• Kelly Process
• Carnegie Steel Method
• Bessemer Process
• Steel Folding Process

Another term for monopoly during the period 1865-1900 was

• Big Business
• Trust
• Giant of Industry
• Forbes 500

The man responsible for founding the biggest steel corporation in the US during the period 1865-1900 was

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The man who founded the first billion dollar corporation in the US in 1901 by purchasing the biggest steel company in the country was

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The biggest oil company in the US during the period 1865-1900 was created by 

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The inventor of the telephone in 1876 was

• Thomas Edison
• Nicola Tesla
• Alexander Graham Bell
• Eli Whitney