Review Industrialization and Rise of Big Business

What was the Bessemer Process?

• A process for extracting oil from the ground using high-pressure water
• A method for creating glass using a special type of sand
• A type of dance popular in the 19th century
• A method for making steel

What is the term for no government interference in capitalism?

• totalitarianism
• communism
• socialism
• laissez-faire

What was the Transcontinental Railroad?

• A railway line that connected the eastern and western United States
• A series of bridges connecting different states
• A network of underground tunnels for transportation
• A system of canals for shipping goods

What does "laissez-faire" capitalism mean?

• Government control of all industries
• Complete equality in wealth distribution
• Strict regulations on business practices
• A hands-off approach: no government involvement

What is a "monopoly"?

• A board game involving buying and trading properties
• A type of government system
• A term used in sports for a team that wins all games in a season
• A situation where a single company or group has complete control or dominates an industry.

What does "competition" mean?

• Competition means avoiding any form of conflict
• Competition means competing against each other to be the best at something

• Competition means working together for a common goal
• Competition means giving up and not trying to win

What is "philanthropy"?

• The fear of humanity; avoiding contact with others
• The love of animals; donating time, money, or resources to help animals
• The love of donating time, money, or resources to help others.

• The love of money; hoarding resources and not helping others

What are some examples of Philanthropy?

Choose all the answers that apply:

• Building the Empire State Building

• The Rockefeller Foundation

• Carnegie Hall

• Morgan Library

• The Brooklyn Bridge

What is a Robber Baron?

• A government official who enforces strict business regulations
• A wealthy business owner who uses ruthless tactics against competitors

• A successful entrepreneur who follows ethical business practices
• A philanthropic leader who donates to charity and helps the community

Who is a Robber Baron?

• A hardworking entrepreneur who built their wealth through honest means
• A government official who enforced strict regulations on businesses
• A philanthropist who donated large sums of money to charity
• A wealthy business leader who used unscrupulous methods to make their wealth