Economics
Industrialists
The Workers
Inventions
Miscellaneous
100

What is a stockholder?

People who own the corporation because they own shares of ownership called stock.

100

How does a monopoly work?

An industrialist or company owns/controls all production and sales of a particular product or service.

100

How long did laborers usually work...

in a day?

in a week?

Worked 10-12 hrs a day, 6 days a week

100
Henry Ford was known for creating...

The Model-T

(Half points if you said single cylinder combustion engine, because he used/improved one, but did not actually create the combustion engine). 

100
The Main Type of Power during the 1st Industrial Revolution



Steam Power

200

What is capitalism?

An economic system where the marketplace (people) decide what will be made and sold.

200
Cornelius Vanderbilt consolidating most of the railroad business made him a...


Robber Baron

200

Why did the Homestead Strike happen?

It was a strike at Carnegie’s steel plant because of cut wages.

200
How did the assembly line improve manufacturing products?

It made the process faster because it condensed the process and made it so individual workers do single parts rather than have to create the entire product themselves.

200
The Main Type of Power during the 2nd Industrial Revolution.

Electricity

and/or

Oil Power

300

How does competition work?

Various participants (entrepreneurs) provide their goods and services skillfully and cheaply.

300
J. P. Morgan donated much of his profits to libraries/ schools/ medical institutions/ museums.  This would make him a:



Philanthropist

(Philanthropy)

(Half if you said Captain of Industry)

300

Where did many of the new laborers/workers during the Industrial Revolution come from?

Immigrants (Foreign Countries)

and/or

Former Slaves from the South

and/or

City People (Urban areas)

300

What are textiles?

A type of cloth or woven fabric.

300

What is Industrial Revolution?


A shift to large scale production due to advances in tech and labor force.

400

Disney owns multiple media and entertainment companies such as ESPN, Pixar, and Marvel. This is an example of:

Horizontal Integration

400
Rockefeller made sure his company utilized every part of the crude oil he pulled out of the ground.  This makes him a:



Captain of Industry

400

3 common accidents/injuries that could happen in the work place:

  • Steel = burns from liquid steel spills

  • Coal miners = cave-ins and dust

  • Textile workers = damaged lungs

  • Garment workers = ruined eyesight, firetraps

400
What invention helped speed up work in factories and create mass production

The Conveyor Belt

400

An organization or business owned by many people but treated by law as though it were a single person.  

A corporation

500
How did Andrew Carnegie use Vertical Integration?
Andrew Carnegie invested in coal mines, steel mills,  shipping lines, and railroads.  This is an example of:


500

How did being a banker help J. P. Morgan enter the manufacturing/ industry game?

  • A banker who created U.S. Steel by buying out Carnegie.

  • Bought stock in troubled corporations, but sometimes eliminated competition of these businesses they bought

500

2 Pros of a Labor Union:

2 Cons of a Labor Union:

Pros: Help secure...

Working Conditions, Shorter Hours, Higher Wages, From being fired randomly, From harassment


500

What product replaced whale oil?

Why was it better?

Kerosene

Because it was far cheaper to make, it smelt better, and burned longer.

500

Why was child labor often seen during the Industrial Revolution?

Provide 2 reasons.

Multiple answers accepted, but mostly because of their small stature or the fact that families needed their children to chip in for funds.

M
e
n
u