Big Business & Industry Vocabulary

Who invented the telephone?

• Andrew Carnegie
• Alexander Graham Bell
• Thomas Edison
• Henry Ford
• J. P. Morgan

Answer explanation

Alexander Graham Bell invented the telephone.

Tags

CCSS.L.11-12.1B

CCSS.L.11-12.3A

Who led the steel industry and controlled every step in production?

• Thomas Edison
• John D. Rockefeller
• Andrew Carnegie
• Samuel Gompers
• J. P. Morgan

Answer explanation

Andrew Carnegie led the steel industry.

Who invented the lightbulb, phonograph, and motion picture?

• Alexander Graham Bell
• Henry Ford
• Samuel Gompers
• Thomas Edison
• J. P. Morgan

Answer explanation

Thomas Edison is known for these inventions.

Tags

CCSS.L.5.3B

CCSS.L.6.1E

Which union leader pushed for better pay and conditions?

• John D. Rockefeller
• Samuel Gompers
• Andrew Carnegie
• Henry Ford
• J. P. Morgan

Answer explanation

Samuel Gompers led efforts for workers' rights.

Tags

CCSS.L.5.3B

CCSS.L.6.1E

Who used the assembly line to produce cars cheaply?

• Thomas Edison
• Andrew Carnegie
• Henry Ford
• J. P. Morgan
• Samuel Gompers

Answer explanation

Henry Ford used the assembly line for car production.

Tags

CCSS.L.5.3B

CCSS.L.6.1E

Who founded Standard Oil and used horizontal integration?

• Alexander Graham Bell
• J. P. Morgan
• Henry Ford
• John D. Rockefeller
• Samuel Gompers

Answer explanation

John D. Rockefeller founded Standard Oil.

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Which banker created monopolies by merging companies?

• J. P. Morgan
• John D. Rockefeller
• Alexander Graham Bell
• Samuel Gompers
• Henry Ford

Answer explanation

J. P. Morgan was a powerful banker who formed monopolies.

Tags

CCSS.L.5.3B

CCSS.L.6.1E

What is an assembly line?

• A place where goods are sold
• A production method with repeated tasks
• A worker’s union
• A system for making products more expensive
• A factory where workers live

Answer explanation

The assembly line is a method for mass production.

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What is capitalism?

• A government-controlled economy
• An economic system with private ownership
• A union for workers
• A banking monopoly
• A mass production technique

Answer explanation

Capitalism is based on private ownership and free markets.

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What is collective bargaining?

• Discussion between workers and bosses
• Buying shares of a company
• Complete control of an industry
• A method of assembly
• A mass production technique

Answer explanation

Collective bargaining involves worker-employer negotiations.

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4