Industrialization Era: Entrepreneurs and Businesses

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11 Questions

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

Vertical Integration

Who bought US Steel from Andrew Carnegie?

J.P. Morgan

What technique did Henry Ford use to manufacture cars?

Assembly line technique

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

Standard Oil

What was the main reason immigrants came to America?

For job opportunities

What did Cornelius Vanderbilt do with his shipping business?

Sold it to buy into railroads

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

To protect workers' rights

What philosophy did Andrew Carnegie believe in?

The Gospel of Wealth

What was the Sherman Antitrust Act?

A law to regulate business

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

They encouraged more immigrants to come to America

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

Scab

Learn about the rise of entrepreneurs and big businesses in the Industrialization Era, including notable figures like Andrew Carnegie, J.P. Morgan, John D. Rockefeller, and Cornelius Vanderbilt. Discover how they built their business empires and contributed to the growth of industries such as steel, oil, and railroads.

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