Big Business and Industrialization

When the government keeps it's "hands off" the economy and does not pass laws to limit business

• Urbanization

• Democracy

• Laissez Faire

• Socialism

According to this cartoon, the government will stay laissez faire towards business because

• Monopolies limit competition

  
  

• Big businesses that are "fittest" should not be held back

  
  

• Monopoly is good for the country

  
  

• The monopoly controls the government

  
  

What was the Bessemer Process?

• A governmental act to move Native Americans to reservations

  
  

• A way to implement Vertical Integration

  
  

• A way to implement Horizontal Integration

  
  

• A new way of mass producing steel cheaper and faster

  
  

Why did Andrew Carnegie go to work at age 13 when his family first arrived in the United States?

• He wasn't smart enough to go to school.

• He looked and acted as if he were 18.

• The family needed the extra income.

• All 13-year-old children worked at this time.

What is industrialization?

• The production of goods by machine in factories.

• The production of goods by master craftsmen.

• The production of goods by hand.

• The production of goods in the home.

When did the United States enter a period of rapid industrial growth?

• Before the Revolutionary War.

• After the Revolutionary War.

• After World War 1

• After the Civil War.

How important were railroads to industrial growth?

• Not important

• A minor influence

• Less important than automobiles

• Very important.

How did the expansion of the railroads affect the size of markets?

• It had no effect.

• It increased the size of the markets.

• It decreased the size of the markets.

• It made markets unnecessary.

What happened to the gap between the rich and the poor during the growth of big business?

• The gap closed

• The gap widened

• The gap got smaller

• Nothing happened

Who was Cornelius Vanderbilt?

• Andrew Carnegie's business partner.

• The inventor of oil-drilling machines.

• The head of the New York Central railroad system.

• A textile mill owner.