Podcast
Questions and Answers
Name one of Andrew Carnegie's management methods that made his company successful.
Name one of Andrew Carnegie's management methods that made his company successful.
He searched for ways to make a better product at a cheaper cost, Detailed accounting, He hired the best assistants and had them compete for jobs and bonuses.
Credit Mobilier was a legitimate railroad company.
Credit Mobilier was a legitimate railroad company.
False
Urbanization is the growth of cities.
Urbanization is the growth of cities.
True
The first transcontinental railroad was completed in 1869.
The first transcontinental railroad was completed in 1869.
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What is the process of making steel more easily and cheaply?
What is the process of making steel more easily and cheaply?
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Name two Robber Barons.
Name two Robber Barons.
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Name two groups of immigrants who worked building the railroads.
Name two groups of immigrants who worked building the railroads.
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George Pullman made what?
George Pullman made what?
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Match the correct Robber Baron with the correct industry.
Match the correct Robber Baron with the correct industry.
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Identify the term for the following definition: Gave 160 acres of free land to any citizen, who was the head of the household.
Identify the term for the following definition: Gave 160 acres of free land to any citizen, who was the head of the household.
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Who built his own town for the workers in his factory and built luxury rail cars?
Who built his own town for the workers in his factory and built luxury rail cars?
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What is complete control over its industry's production, quality, wages paid, and prices charged?
What is complete control over its industry's production, quality, wages paid, and prices charged?
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Participants turn their stock over to a group of trustees who will run the separate companies as one big corporation. What is this called?
Participants turn their stock over to a group of trustees who will run the separate companies as one big corporation. What is this called?
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What product/good did the Carnegie Steel Company produce?
What product/good did the Carnegie Steel Company produce?
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What does controlling the total quality and cost of the product refer to?
What does controlling the total quality and cost of the product refer to?
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What is the business idea that the strongest company will survive, modeled after Darwin's Theory of evolution?
What is the business idea that the strongest company will survive, modeled after Darwin's Theory of evolution?
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Which is true of the Homestead Act of 1862?
Which is true of the Homestead Act of 1862?
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Which city best illustrates the emergence of a new industrial metropolis during the Gilded Age?
Which city best illustrates the emergence of a new industrial metropolis during the Gilded Age?
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What was a key provision of the Homestead Act of 1862?
What was a key provision of the Homestead Act of 1862?
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Which successful 19th century novelist employed a rags-to-riches narrative in his books?
Which successful 19th century novelist employed a rags-to-riches narrative in his books?
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What precipitated the Pullman Strike?
What precipitated the Pullman Strike?
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The goals of Samuel Gompers' pure and simple unionism are most closely associated with the idea that unions should concentrate on what?
The goals of Samuel Gompers' pure and simple unionism are most closely associated with the idea that unions should concentrate on what?
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What is the name of the bloody strike against Carnegie Steel in 1892 that was eventually crushed?
What is the name of the bloody strike against Carnegie Steel in 1892 that was eventually crushed?
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How did the federal government react to the Great Railroad Strike of 1877?
How did the federal government react to the Great Railroad Strike of 1877?
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This secret society, which operated in the coal fields of Pennsylvania, was viewed in various ways depending on one's perspective.
This secret society, which operated in the coal fields of Pennsylvania, was viewed in various ways depending on one's perspective.
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Who was the owner of Standard Oil?
Who was the owner of Standard Oil?
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Who created the assembly line process that made automobile production faster and more efficient?
Who created the assembly line process that made automobile production faster and more efficient?
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Who owned steel companies during the late 19th century?
Who owned steel companies during the late 19th century?
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A business that has no competition and controls an entire industry is called a what?
A business that has no competition and controls an entire industry is called a what?
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What city is known for steel production and manufacturing?
What city is known for steel production and manufacturing?
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Who brought and combined smaller railroads to form larger ones?
Who brought and combined smaller railroads to form larger ones?
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Who was the banker who purchased Carnegie Steel and created the US Steel Company?
Who was the banker who purchased Carnegie Steel and created the US Steel Company?
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Study Notes
Andrew Carnegie and Management
- Implemented detailed accounting to enhance organizational efficiency.
- Promoted competition among his best assistants for job security and bonuses.
- Focused on producing high-quality products at lower costs.
Credit Mobilier
- Not a legitimate railroad company; involved in corruption scandals.
Urbanization
- Defined as the growth of cities, indicative of societal changes during industrialization.
Transcontinental Railroad
- Completed in 1869, marking a significant engineering and transportation milestone.
The Bessemer Process
- Method for producing steel economically, revolutionizing the steel industry.
Robber Barons
- Influential entrepreneurs associated with monopolistic practices.
- Notable figures include Andrew Carnegie, John D. Rockefeller, J.P. Morgan, and Cornelius Vanderbilt.
Immigrant Contribution to Railroads
- Major contributions from Chinese, Irish, and German immigrants.
George Pullman
- Innovator of luxury railroad cars and creator of a town for his factory workers.
Monopoly
- A business model where one company has exclusive control over an entire industry, dictating production, quality, wages, and prices.
Trusts
- Business arrangement where stockholders delegate management to trustees, merging companies into a larger corporation.
Vertical Integration
- Strategy for controlling the supply chain to maximize efficiency and reduce costs.
Social Darwinism
- Theory applied to business that argues only the strongest companies will survive and thrive, akin to Darwin's theory of evolution.
Homestead Act of 1862
- Offered 160 acres of land to heads of households for settlement, with a requirement to reside and develop the land for five years.
Gilded Age
- Characterized by rapid industrial growth and urbanization, with Chicago as a prime example of a burgeoning industrial metropolis.
Pullman Strike
- Caused by wage cuts and high housing rents, leading to significant labor unrest.
Samuel Gompers
- Advocated for "pure and simple unionism," aiming to improve wages and benefits for workers.
Homestead Strike
- Violent conflict at Carnegie Steel in 1892, ultimately suppressed by state militia intervention.
Great Railroad Strike of 1877
- Federal troops dispatched to quell the strike, reflecting government support for business over labor.
Molly Maguires
- Secret society linked to coal strikes in Pennsylvania, viewed variably as terrorists or defenders of workers' rights.
Standard Oil
- Founded and owned by John D. Rockefeller, representing the epitome of monopolistic practices.
Henry Ford
- Revolutionized automobile production through the introduction of the assembly line, enhancing efficiency.
Pittsburgh
- Renowned as a major hub for steel manufacturing and production.
Vanderbilt's Legacy
- Consolidated smaller railroads to create a more efficient transportation network.
J.P. Morgan
- Key financier who purchased Carnegie Steel and established the U.S. Steel Corporation, illustrating the merger of finance and industry.
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Description
Test your knowledge of key concepts in US history with these trivia flashcards. From Andrew Carnegie's management methods to the truth about Credit Mobilier, this quiz covers essential historical topics. Challenge yourself and see how well you know American history!
