Chapter 14 - Test

Question 1

Part of the big four; became a governor of California; served as a US senator; founded Stanford University in 1885

Answer 1

Leland Stanford

Question 2

It was his idea to build the transcontinental railroad; he got the building process started

Answer 2

Theodore Judah

Question 3

Where did the Central Pacific Railroad start

Answer 3

San Francisco, California

Question 4

Where did the Union Pacific Railroad start

Answer 4

Omaha, Nebraska

Question 5

Where did the central Union Pacific Railroad meet to form the transcontinental railroad

Answer 5

Promontory Point in Utah

Question 6

Who is the most successful railroad consolidator

Answer 6

Cornelius Vanderbilt

Question 7

To make goods more cheaply because you produce so much so quickly using large manufacturing facilities

Answer 7

Economy of Scale

Question 8

Buy companies you need to make your product

Answer 8

Vertical integration

Question 9

Buy all companies who are your competition

Answer 9

Horizontal integration

Question 10

What were the two first mail order catalogs

Answer 10

Sears and Roebuck and Montgomery ward

Question 11

Consisted of common workers

Answer 11

Industrial union

Question 12

Consisted of skilled workers

Answer 12

Craft union

Question 13

Consisted of both common workers and skilled workers

Answer 13

Trade union

Question 14

An order not to act

Answer 14

Injunction

Question 15

Hey level in the corporate world in which women will never climb

Answer 15

Glass ceiling

Question 16

Industrial workers had ______ skills; when they went on strike they were _______

Answer 16

Basic; replaced

Question 17

Craftworkers had _______skills; when they went on strike they were _______

Answer 17

Special; begged by the company to come back

Question 18

Born in Scotland; worked in a textile factory at age 12; became a messenger in the telegraph office; served as private secretary to Thomas Scott; became a superintendent of the room; sold railroad bonds; opened up a steel industry in Pittsburgh in 1875

Answer 18

Andrew Carnegie

Question 19

The only transcontinental railroad that did not go bankrupt; built by James J. Hill

Answer 19

Great northern

Question 20

How did corporations achieve economies of scale

Answer 20

With the money raised from stock, corporations invested in new technology, hired larger workforce, and purchase machines

Question 21

What is vertically integrated company and what was an example in the late 1800s

Answer 21

To own all the different businesses depending on the operation; Carnegie’s company

Question 22

What was likely the cause of small companies going out of business

Answer 22

The changing nature of business organization and the new importance of fixed costs

Question 23

What was the Crédit Mobilier Scandal

Answer 23

Investors signed contracts with themselves, and Crédit Mobilier overcharged Union Pacific. Since the same investors controlled both companies, the railroad agreed to pay the inflated bill. By the time the Union Pacific Railroad was completed, investors made millions and the railroad was almost bankrupt

Question 24

T his is not all of the cards. Find them ⬇️

Answer 24

On Olivia’s Flashcards

Question 25

In charge of building the route road from Omaha Nebraska westward

Answer 25

Greenville Dodge