Industrialization Review

The Sherman Anti-trust Act

• outlawed the formation of trusts that interfered with free trade

• was used by labor unions to fight for workers rights

• was supported by millionaire industrialists

• encouraged the establishment of large scale businesses

Vertical integration, a business strategy used by steel mogul Andrew Carnegie, involves

• buying out raw material producers and distributors

• forming trusts

• merge with companies making similar products

• using scientific method to produce goods

What point does the cartoonist make or imply showing Vanderbilt holding the reins to all facets of the railroad industry

• Vanderbilt has total control of the whole RR operation for personal gain

• Vanderbilt is trying to break up the RR monopolies

• Vanderbilt is a slave to the Railroads

• Vanderbilt is being controlled by the Railroads and its' owners

The use of standardized time and time zones was introduced in order to benefit

• telephone and telegraph operators

• manufacturers who dealt in interstate trade

• railroad companies and train travelers

• factory owners whose workers had set schedules

Andrew Carnegie gained control of a large percentage of the steel industry by doing all of the following except

• buying out his suppliers

• buying out his competitors

• cutting the quality of his products

• underselling his competitors

Social Darwinism was used to justify all of the following except

• the existence of poverty

• the power of millionaire industrialists

• the success of big business

• government regulation of business

The Interstate Commerce Act gave the right to supervise railroad activities to

• the federal government

• farmers groups, such as the Grange

• railroad company officials

• a select committee of wealthy industrialists

Who invented the typewriter?

• Edwin L. Drake

• Christopher Sholes

• Thomas Alva Edison

• Henry Bessemer

Who invented the telephone?

• Alexander Graham Bell

• Lewis Howard Latimer

• Thomas Edison

• Gustavus Swift

Who developed an efficient technique for transforming iron into steel?

• Alexander Graham Bell

• Edwin L. Drake

• Thomas Alva Edison

• Henry Bessemer