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Industrialization Era: Entrepreneurs and Businesses

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Industrialization Era: Entrepreneurs and Businesses

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Questions and Answers

What business strategy did Andrew Carnegie employ in the steel industry?

Vertical Integration (correct)

Monopoly

Laissez Faire

Horizontal Integration

Who bought US Steel from Andrew Carnegie?

Thomas Edison

Cornelius Vanderbilt

John D. Rockefeller

J.P. Morgan (correct)

What technique did Henry Ford use to manufacture cars?

Chain Migration

Skilled labor technique

Assembly line technique (correct)

Bessemer process

What was the name of John D. Rockefeller's company?

Standard Oil Signup and view all the answers

What was the main reason immigrants came to America?

For job opportunities Signup and view all the answers

What did Cornelius Vanderbilt do with his shipping business?

Sold it to buy into railroads Signup and view all the answers

What was the purpose of the Afl and Knights of Labor?

To protect workers' rights Signup and view all the answers

What philosophy did Andrew Carnegie believe in?

The Gospel of Wealth Signup and view all the answers

What was the Sherman Antitrust Act?

A law to regulate business Signup and view all the answers

What was the significance of the 'Letters Home' written by immigrants?

They encouraged more immigrants to come to America Signup and view all the answers

What was the term for someone who crossed a picket line to work during a strike?

Scab Signup and view all the answers