Industrialization Unit Chapter 6 - Review

Question 1

The time period of economic, industrial, population, and creative growth that made the USA to become a stable country

Answer 1

Industrialization Revolution

Question 2

Idea that Andrew Carnegie believed the wealthy had an obligation to use their money to benefit society

Answer 2

Gospel of wealth

Question 3

A corporation becomes so successful by eliminating all its competition and has complete control over a certain product or service

Answer 3

Monopoly/trust

Question 4

The labor union founded by S. Gomper and focused to get better wages, hours, and working conditions for its skilled workers

Answer 4

American Federation of Labor

Question 5

What are the dark, dirty, hot, and crowded workplaces?

Answer 5

Sweetshops

Question 6

The system that factories used to create lots of stuff at low prices, which helped our economy grow

Answer 6

Mass production

Question 7

The integration involves buying up your competition to create a giant company. And it lowered production costs

Answer 7

Horizontal integration

Question 8

The idea that if you are successful you are a better person than those who are not

Answer 8

Social Darwinism

Question 9

People that invest in another’s product or business with the expectation of making profits

Answer 9

Entrepreneur

Question 10

People that fund public cultural and educational facilities, and charities to help the less fortunate

Answer 10

Philanthropy

Question 11

Type of society where everyone shares equally in resources and rewards, and no one owns any property or income of their own

Answer 11

Socialism

Question 12

Shrewd businessmen who sometimes squeezed out their competition using unfair practices

Answer 12

Robber barons

Question 13

The act that eventually led to the break up of many monopolies

Answer 13

Sherman Antitrust Act

Question 14

The first labor union created to help all workers of any trade, focused on broad social reforms, but its membership disappeared after an ugly incident in Haymarket Square, Chicago

Answer 14

Knights of Labor

Question 15

The new type of bridge built with the new cables made of steel

Answer 15

Suspension bridges

Question 16

This allowed businesses in America to grow and develop with little interference from government regulations

Answer 16

Laissez faire policies

Question 17

A way to improve on a product, rather than creating something new

Answer 17

Innovation

Question 18

The incident of violence that led to the disappearance of the Knights of Labor

Answer 18

Haymarket Riot

Question 19

The type of integration that helps a company keep its costs down by owning all steps in the chain of production

Answer 19

Vertical integration

Question 20

The term of starting with little money or resources, but rising above and working hard to achieve success and wealth

Answer 20

Rags to riches

Question 21

A business with multiple owners

Answer 21

Corporation

Question 22

The process of purifying iron to make stronger, lighter steel

Answer 22

Bessemer process

Question 23

What was the industry regulated by the Interstate Commerce Commission, because it was fixing rates and creating secret agreements

Answer 23

Railroad industry

Question 24

What are the shares in a company called

Answer 24

Stocks

Question 25

The tactic developed to help groups of workers assert their power with their bosses or company owners

Answer 25

Collective bargaining

Question 26

What are protective tariffs and how it relates to industrialization

Answer 26

They are taxes that raise the prices of imported goods; to make American products more attractive to consumers.

Question 27

Shrewd businessman responsible for new business practices and many jobs, who used his wealth to help society

Answer 27

Captains of industry

Question 28

What is a labor union

Answer 28

term for organized labor groups

Question 29

The 4-year event that led America into a period of growth because of its demands

Answer 29

Civil War

Question 30

What helps ensure safety, efficiency, and uniformity in transportation

Answer 30

Time zones