US Unit 12 Study Guide

Petroleum became in high demand before the age of automotives due to ________________.

• kerosene

• plastic production

• jet fuel

• automobile engines

Thomas Edison's companies merged together to form ___________________________.

• General Electric

• Edison Electric Company

• Westinghouse Electric

• National Grid

In 1862 the Pacific Railway Act gave permission to the Union Pacific and the Central Pacific permission to build the ____________________ railroad.

• transcontinental

• suburban

• interstate

• regional

The Union Pacific Railroad began building in __________ Nebraska by 10,000 veterans, immigrants, miners, farmers, cooks, adventurers, and ex-convicts.

• Omaha

• Lincoln

• Kearney

• Grand Island

The Central Pacific Railroad was sold to _____ wealthy merchants who employed 10,000 Chinese workers.

• three

• two

• four

• one

The most corrupt was __________________ who practiced insider trading and manipulated stock prices.

• Jay Gould

• Andrew Carnegie

• J.P. Morgan

• Cornelius Vanderbilt

Late growth the government gave ______________ to the railroad companies.

• land grants

• tax breaks

• loans

• subsidies

Companies began to sell fractions of their company as ______________ in order to raise money and minimize the risk of business.

• stocks

• bonds

• loans

• leases

The Government was not regulating business leading to many monopolies and ________________ forming to take over entire industries.

• trusts

• unions

• corporations

• alliances

Carnegie created the first American ______________ Steel Mill leading to cheaper steel than any other competitor.

• Bessemer

• Siemens-Martin

• Open Hearth

• Electric Arc