Industrialization & The Progressive Era (1870's- 1920's)

The process of shifting from an agricultural economy to one based on manufacturing and industry is called Industrialization.

• Urbanization

• Industrialization

• Modernization

• Globalization

What is the movement of people from rural areas to cities, often due to job opportunities in factories, known as?

• Migration

• Urbanization

• Industrialization

• Globalization

Select the term that describes areas that are primarily agricultural with lower population density.

• Rural areas

• Urban areas

• Suburban areas

• Metropolitan areas

A method of manufacturing that used machines and workers in a centralized location is called:

• Factory System

• Craft Production

• Mass Production

• Artisan Method

What is the manufacturing of large quantities of goods using machines and assembly lines known as?

• mass production

• batch production

• craft production

• custom production

What is it called when one company dominates an entire industry, eliminating competition?

• Monopoly

• Oligopoly

• Cartel

• Diversification

A group of businesses that work together to control prices and eliminate competition is called:

• Monopoly

• Trust

• Oligopoly

• Syndicate

The term used to describe powerful industrialists accused of exploiting workers and using unethical business practices is:

• Robber Baron

• Magnate

• Tycoon

• Industrialist

Business leaders who positively contributed to the economy by increasing productivity and providing jobs are called

• Captains of Industry

• Entrepreneurs

• Industrialists

• Tycoons

An economic policy that promotes minimal government regulation of businesses is called:

• Laissez-faire

• Protectionism

• Interventionism

• Socialism