Early Industrialization Review Repeating Immigrants Railroads Business Industry

Early Industrialization Review

Repeating Immigrants Railroads Business Industry 10 10 10 20 20 20 30 30 30 40 40 40 50 50 50

Question 1 - 10 The Chisholm Trail was a trail that…?

Answer 1 – 10 • Was used to move cattle to railheads

Question 1 - 20 Under the Homestead Act, homesteaders could gain title to the land by

Answer 1 – 20 Living there for 5 years

Question 1 - 30 Even before the invention of the automobile, petroleum was in high demand because it could

Question 1 - 40

Answer 1 – 30 • Kerosene for lighting

Question 1 - 40 During the early days of industrialization, many members of Congress believed that tariffs were necessary to

Answer 1 – 40 Protect upstart American businesses from established European companies

Question 1 - 50 Corporations can achieve economies of scale by

Answer 1 – 50 Invest $ back into the company toward new machines, advertising, and doubling their manufacturing.

Question 2 - 10 Department stores changed the idea of shopping by

Answer 2 – 10 Building isle ways that direct consumers toward products, using lighting to draw consumers attention, and buying products in wholesale to decrease the price.

Question 2 - 20 A ____ was a technique for breaking a union in which the company refused to allow the workers on the property and refused to pay them

Answer 2 – 20 lockout

Question 2 - 30 The wave of immigration in the late 1800 s led to increased feelings of __________, an extreme dislike foreigners.

Answer 2 – 30 nativism

Question 2 - 40 Many labor unions opposed immigration, arguing that most immigrants

Answer 2 – 40 Would work for low wages and take away jobs

Question 2 - 50 Who said: “The basic force shaping capitalism is the class struggle between workers and owners. ”

Answer 2 – 50 • Karl Marx

Question 3 - 10 began the first direct rail service from New York City to Chicago

Answer 3 – 10 Vanderbilt

Question 3 - 20 American Federation of Labor

Answer 3 – 20 Samuel Gompers

Question 3 - 30 Following the development of the Bessemer process, the cities of Gary, Indiana; Cleveland, Ohio; and Pittsburgh, Pennsylvania, became centers for

Answer 3 – 30 Steel Industry

Question 3 - 40 Unlike a small business, a corporation

Answer 3 – 40 Owned by many individual therefore decreasing risk

Question 3 - 50 Working conditions during the late 1800 s were characterized by

Answer 3 – 50 Long hours, low pay, dangerous conditions

Question 4 - 10 Laissez-faire relies on ____ to regulate prices and wages.

Answer 4 – 10 Supply & Demand

Question 4 - 20 __________ are people who risk their capital in organizing and running a business.

Answer 4 – 20 Entrepreneurs

Question 4 - 30 A single company that achieves control of an entire market is a __________.

Answer 4 – 30 Monopoly

Question 4 - 40 • Which term best describes the diagram? Oil Co. A + Oil Co. B + Oil Co. C = Mega Oil

Answer 4 – 40 Horizontal Integration

Question 4 - 50 __________ costs are costs a company has to pay, whether or not it is operating.

Answer 4 – 50 Fixed Costs

Question 5 - 10 Most working-class people in cities lived in __________, dark and crowded multi-family apartments.

Answer 5 – 10 Tenements

Question 5 - 20 Even before the invention of the automobile, petroleum was in high demand because it could

Answer 5 – 20 Kerosene

Question 5 - 30 The army encouraged white hunters to kill buffalo to

Answer 5 – 30 Force Native Americans onto Reservations

Question 5 - 40 People who supported __________ believed that society did not need any government.

Answer 5 – 40 Anarchism

Question 5 - 50 Social Darwinism paralleled the economic doctrine of __________ that opposed any government programs that interfered with business.

Answer 5 – 50 Laissez-faire