New forms of Energy
Metro and trams are examples of what new form of energy?
Metros and trams use electricity.
Where the majority of business big or small at the start of the Industrial Revolution?
The majority of business were small.
Who created Taylorism?
Fredrick W. Taylor created Taylorism.
What were the two main countries that new industries developed in?
The two main countries that new industries developed in were the United States and Germany.
Banks became an intermediary between what two groups?
Banks became an intermediary between people and companies.
Who invented the assembly line?
Henry Ford invented the assembly line.
Name at least three things the chemical industry developed.
The chemical industry developed dynamite, and synthetic dyes.
Other answers: oil, rubber, pharmaceutic products
What type of capitalism emerged during the Second Industrial Revolution?
Financial capitalism developed.
What does mass production do to prices?
Name the three industries that dominated the second industrial revolution.
The three industries that dominated the second industrial revolution were the steel industry, the chemical industry, the electricity industry.
What new type of company developed during the Second Industrial Revolution?
During the Second Industrial Revolution corporations were born.
What is a cartel?
A cartel is when a group of companies work together to control an industry in order to set prices so they all benefit.
In what year was oil first extracted?
Oil was first extracted in 1859.
In corporations, what are companies split up into?
Companies are split into shares.
What is a trust?
A trust is a voluntary group of companies that controls all phases of production of a product in order to dominate the market and destroy competition.