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Question 1

George Westinghouse

Answer 1

Train Air Brake

Question 1

Henry Ford

Answer 1

Assembly Line

Question 2

Orville and Wilbur Wright

Answer 2

Airplanes

Question 2

George Pullman

Answer 2

Railroad Sleeping Car

Question 3

Gustavus Swift

Answer 3

Refrigerated Rail car

Question 4

Thomas Edison

Answer 4

Improved Light Bulb / Menlo Park

Question 5

Alexander Graham Bell

Answer 5

Telephone

Question 6

Eli Janney

Answer 6

Train Coupling

Question 7

Factors of production

Answer 7

land, labor, capital

Question 8

Vertical integration

Answer 8

Purchasing companies in all stages of production. Cattle to slaughter house to refrigerated rail cars to meat packaging to delivery carts.

Question 9

Horizontal integration

Answer 9

Purchase competing companies in same industry. Other oil companies into big oil company.

Question 10

What law was against monopolys?

Answer 10

Sherman Antitrust Act

Question 11

Who formed Standard Oil through horizontal integration?

Answer 11

John D Rockefellers

Question 12

Who dominated the steel industry through vertical integration?

Answer 12

Andrew Carnegie

Question 13

Who owned 90% of the railroads in his time?

Answer 13

Cornelius Vanderbilt

Question 14

What’s a monopoly?

Answer 14

A monopoly is a company that controls most or all of an industry.

Question 15

What’s consolidation?

Answer 15

Consolidation is the process of combining two different companies into one.