lesson 1
was a period of rapid growth in U.S.
manufacturing in the late 1800s; characterized by
advances in technology.
The Second Industrial Revolution
One successful entrepreneur of the late 1800s was______, who concentrated his efforts on steel production.
Andrew Carnegie
was a labor union that included both skilled and unskilled laborers.*
The Knights of Labor
In an effort to regulate Big Business, Congress finally passed the _______________________. However, the act did little to reduce the power of corporations.
Sherman Antitrust Act
Advances in the use of oil and electricity improved communication and transportation during the 2nd Industrial Revolution.
true
was a way to manufacture steel
quickly and cheaply.
The Bessemer process
is ownership of businesses involved in each step
of a manufacturing process.
Vertical Integration
led the American Federation of Labor (AFL).
Samuel Gompers
began producing the first affordable
automobile, the Model T, in 1908.
Henry Ford
During the 2nd Industrial Revolution, people and the government had no concerns about the methods of
big business.
false
was an inventor interested in uses of electricity.
In 1879 he and his assistants created the electric light bulb
Thomas Edison
was a business leader who concentrated
on oil refining. By 1880 he owned 90% of
the oil-refining business in the United States.
John D. Rockefeller
was an efficiency engineer who published a book called The Principles of Scientific Management which focused on increasing productivity in industrial manufacturing.
Frederick Taylor
made the first piloted flight in a gas-powered airplane.
Wilbur and Orville Wright
The rise of corporations and powerful business leaders led to the dominance of big businesses in the United States.
ture
is ownership of businesses involved in each step
of a manufacturing process.
Patents
Rockefeller’s company developed ________, or owning all
businesses in a certain field and reducing competition.
Horizontal Integration
was an Irish immigrant, who worked for better conditions for miners. A fiery speaker, she organized strikes and helped educate workers.
Mary Harris Jones
is the belief that Charles Darwin’s theory of
natural selection and “survival of the fittest” holds true
for humans.
Social Darwinism
Social Darwinists thought that Darwin’s “survival of the fittest” theory decided which human beings would succeed in business and in life in genera
true
made it possible for people to communicate by
speech over long distances. By 1900 almost 1.5 million
telephones were in operation.
Alexander Graham Bell
A _____ is total ownership of a product or service.
monopoly
idea that laborers acting together have greater success in negotiating with management.
Collective bargaining
earned money selling mining equipment to miners and
helped found the Central Pacific Railroad.
Leland Stanford
A trust is an exclusive right to make or sell an invention.
false