Unit 7 Check 1 - '25

What is "urbanization"?

• The use of interchangeable parts and assembly lines to make goods.

• A population shift from rural to urban areas resulting in the rapid growth of cities.

• A series of workers and machines in a factory by which a succession of identical items is progressively assembled.

What does "mass production" involve?

• The use of interchangeable parts and assembly lines to make large quantities of identical goods.

• The period of social and economic change that transforms a human group from a rural society into an urban society.

• A population shift from rural to urban areas resulting in the rapid growth of cities.

What does the Bessemer Process refer to?

• A method of producing cotton more efficiently

• The first inexpensive industrial process for mass production of steel

• A financial strategy to reduce the cost of gold production

• A political movement to decrease industrialization

What is the concept of Laissez-Faire?

• A government policy of maximum intervention in the economy

• A theory that economies work best with minimal government involvement

• A legal framework for establishing new businesses

• A social movement advocating for increased trade tariffs

What is a corporation?

• A group of politicians working together to pass legislation

• A non-profit organization

• A business owned by many investors

• A government agency responsible for regulating trade

What is a monopoly?

• A type of economic system

• A government-run industry

• A company that controls all production and sales of a particular product or service

• A business model based on partnership

What is an entrepreneur?

• a group of people who work for better working conditons and pay

• someone who works in the steel industry

• someone who works in the coal industry

• a person who assembles and organizes the resources necessary to produce goods and services

What is a labor union?

• a business that is owned by many investors

• an organization that brings together workers in the same trade, or job, to fight for better wages and working conditions

• a theory that economies work best when there is minimal involvement from government

• a company that controls all production and sales of particular product or service, limiting options for consumers due to lack of competition

Who were the Knights of Labor?

• a company that controls all production and sales of particular product or service, limiting options for consumers due to lack of competition

• the first major labor organization in the United States, aiming to improve working conditions and organizing workers across various industries and skills

• the first inexpensive industrial process that allowed for the mass production of steel; air is forced through molten iron to remove impurities to create a stronger steel product

• a theory that economies work best when there is minimal involvement from government

What was the Haymarket Riot?

• a violent labor dispute between steel workers and the Carnegie Steel Company in Pennsylvania

• an industrial disaster in New York City, resulting in the deaths of 146 garment workers

• incident in Chicago in 1886; during a nationwide strike led by the Knights of Labor, German anarchists protested the killing of a striker by throwing a bomb into a group of policemen