History quiz Nov 22 2024 Flashcards

1
Q

What is the major industry of New York/New England?

A

Railroad

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2
Q

What is the major industry of Chicago?

A

Meatpacking

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3
Q

What is the major industry of Detriot?

A

Automobiles

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4
Q

What is the major industry of Pittsburg?

A

Steel

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5
Q

What is the major industry of New York City/nationwide?

A

Textiles (cloth)

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6
Q

What is the major industry of Cleveland?

A

Oil

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7
Q

Define Mass Consumption

A

Customers can BUY exactly the same product, at the same time, in large quantities

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8
Q

Define Philanthropy

A

Donating time, money, resources, and expertise to charities and the community to improve society

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9
Q

Define Mass production

A

When factories PRODUCE exactly the same product, identically and efficiently in large quantities.

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10
Q

Define Monoply

A

When one company becomes so powerful and influential that they eliminate all other competitors, becoming the only option left in an industry.

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11
Q

Define National Market

A

Ability to buy and sell goods all across the country due to mail order catalogues and the extensive railroad network.

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12
Q

Who is Alexander Gramham Bell?

A

He Invented the telephone and improved nationwide/global communication

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13
Q

Who is Andrew Carneige?

A

Leader of the Steel Industry. Founded US Steel and was known for his philanthropy despite the poor working conditions in the steel mills.

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14
Q

Who is Thomas Edison?

A

He Invented the electric light bulb. Electricity was used to light factories and city streets, improving safety and allowing production to go all through the night.

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15
Q

Who is Henry Ford?

A

King of the Automobile. Credit for using the assembly line to increase production of his famous Model-T. Made cars more affordable to average Americans.

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16
Q

Who is Cornelius Vanderbilt?

A

Railroad and Shipping Industry Leader. Connected America and helped create the national market through extensive rail routes. Created a monopoly and raised prices unfairly.

17
Q

Who is John D. Rockefeller?

A

Created a monopoly of the Oil Industry. Founded Standard Oil and became one of America’s first millionaires. His fuel powered railroads and factories across the country.

18
Q

Define Laissez Faire

A

“Hands Off”- when the government when government does little/nothing to regulate or restrict business.

19
Q

Define Capitalism

A

to own your own business that the government doesn’t run

20
Q

Define Free market economy

A

If the supply is low and the demand is high

21
Q

Define industrialization

A

The process of changing to a factory based economy

22
Q

List some positive impacts of Industrialization

A

Skyscraper
Economic growth/money
Assembly line
Increase access to goods
Steel,cars,oil,meatpacking,textiles,railroads,and electricity
Advertising

23
Q

List some negative impacts of Industrialization

A

Laissez faire
Free market economy
Child labor
Increase in crime
Monopiles
Environmental issues
Dangerous working conditions

24
Q

What is mechanization?

A

The work that was done by hand is now done by machines.

25
Q

Why was this time period known as the “Gilded Age”?

A

Described the period when the world looked rich but it was poor underneath. (fake gold)

26
Q

Labor Union

A

Groups of workers who mobilze together to demand better working conditions. They often went on strike and demanded higher pay or shorter working hours.

27
Q

Sweatshop

A

Run down, unsafe, overcrowded factory, where workers were mistreated and underpaid.

28
Q

Monopoly

A

When one company becomes and influential that they eliminate all other competitors becoming the only option left in an industry.