Industries
This industry made it possible for John. D Rockefeller to create the first monopoly?
oil
This Robber Barron actions of lowering workers wages and creating dangerous working conditions led to the rise of Unions?
Andrew Carnegie
This inventor was responsible for the incandescent light bulb?
Thomas Edison
The terms stock, shares and equity are used to describe what in a company or business?
Ownership
What are the 2 things that a business can provide?
goods (products) and services
What industry does amazon dominate?
What industry does the telephone dominate
communication
This industry required the use of Iron Ore to produce this new technology?
Steel
This Robber Barron had a reputation for being a tough businessman whoo would win at no cost?
Cornelius Vanderbilt
This inventor proved that Alternative current was safer and most cost effective for lighting up the cities?
Nikolas Tesla
The economic system where Government does not get involved with the practices of business and therefore does not regulate them?
Capitalism
When the supply of a product is down but the demand for that product is up what happens to the price?
the price goes up
What did Edison invent to scare the public into believing that AC electricity was more dangerous than DC?
Electric Chair
What was the name of the inventor that invented the telephone
Alexander Graham Bell
The use of the steam engine made it possible for this industry to deliver products on rivers and oceans in much shorter time?
Transportation
This Robber Barron was brilliant for creating new innovative ways to make himself self reliant and independent of other suppliers by controlling the means of production.
John D. Rockefeller
This inventor was responsible for creating furnaces that could burn Iron at 2000 Fareinhiet and was key in the development of steel.
Henry Bessemer
The economic system where Government has full control of business and has full authority to regulate them?
Communism
When the cost of living goes up but wages stay the same, what do we experience?
Inflation
What type of business did Rockefeller perfect
Refining
What process did Henry for create that we still use today in manufacturing?
Assembly line
Banking is the key that allowed this industry to dominate the period of the Guilded age?
Finance
This Robber Barron was responsible for consolidating failing businesses and turning them into successful industries. He was also considered the most powerful man in America!
J.P. Morgan
This inventor was responsible for creating the predecessor to the telephone which made communicating from long distance a reality.
Samuel F.B. Morse
The economic system where Government and private ownership work side by side to maximize their economic potential for the benefit of society?
Socialism
What was the main cause that affected the Railroads when Rockefeller decided to build his own pipeline?
The Demand dropped
What major project did Carnegie first complete that made him billions in Steel?
Bridge
Which material was responsible for the development of the expansion of cities and invention of skyscrapers?
Iron Ore
The use of gas and diesel was a wasteful product that later became the "fuel" essential for the development of this industry?
Automobile
This Robber Barron used an innovative method of buying out his competitors but also offering them a shareholder position in all of his company?
John D. Rockefeller
best-known inventions include crop rotation, or planting different crops to restore soil instead of single-crop farming, and creating 300 different uses for peanuts
George Washington Carver
The Biologist who developed the theory of evolution of the species; argued that all living forms evolved through the successful ability to adapt in a struggle for survival. later became known as Survival of the Fittest.
Charles Darwin
The situation in which people do not have enough resources to satisfy all their wants and needs
Scarcity
What was Corneluis Vanderbilt's nickname?
The Commodore
What was the name of the Mill that was run by Frick in Pennsylvania that resulted in the first major American Stike?
Homestead