American Jigsaw 12

How did the Civil War help US Industrial development

• The war forced development in railroads, telegraphs and manufacturing

• The South's industry was destroyed

• The North could trade for new goods

• The British built factories to help the south

oil tycoon; founder of Standard Oil

• Edwin L. Drake

• John D. Rockefeller

• Andrew Carnegie

• Cornelius Vanderbilt

steel tycoon; gave away $350 million to charity

• Edwin L. Drake

• John D. Rockefeller

• Andrew Carnegie

• Cornelius Vanderbilt

risk-taker who uses personal money and talents to launch a new business

• entrepeneur

• capitalism

• laissez-faire

• social Darwinism

an economic system in which private businesses run most industries; competition determines prices and wages

• entrepeneur

• capitalism

• laissez-faire

• social Darwinism

type of capitalism that lets companies conduct business without government intervention

• entrepeneur

• capitalism

• laissez-faire

• social Darwinism

Who invented a faster and cheaper way to produce steel?

• Arthur Doyle

• Pierce Morgan

• John D. Rockefeller

• Henry Bessemer

_________________-was a time that Europe/America shifted from an agrarian(farming society) to an industrial society where goods were made and produced in factories.

• Neolithic Revolution

• French Revolution

• Industrial Revolution

• none of the above

The Bessemer process was used to produce _____________

• silver

• gold

• steel

• cotton

Why were the Industrial Capitalists referred to as "robber barons"?

• Industrialists often took advantage of other people economically.
• Industralists stole from the rich and gave to the poor.
• Industrialists were shared buisness partnerships controlled by a CEO.
• Industralists often formed conglomerates to rob smaller industries.