The Industrial Revolution

Question 1

John D. Rockefeller

Answer 1

Oil Business; built an oil processing plant; Standard Oil; Company; formed a trust; created a monopoly; horizontal integration

Question 2

Andrew Carnegie

Answer 2

Manager of PA railroad; invested in iron industry; switched and dominated steel industry; vertical integration; Carnegie Steel Co. produced 1/3 of US steel

Question 3

monopoly

Answer 3

total control of an industry by a single producer

Question 4

corporations

Answer 4

company that sell shares or stock of its business to the public

Question 5

merger

Answer 5

combining of companies

Question 6

Name 3 bad conditions workers faced

Answer 6

• 10 to 12 hours a day
• 6 days a week
• child labor laws ignored
• women made 1/2 of what men did for same work
• unsafe and unhealthy conditions
• could be fired at anytime for any reason
• replaced by people who would work for less
• accidents were common

Question 7

Haymarket Square Strike

Answer 7

Chicago, 1886; 4 strikers had been killed; during a protest the next day, a worker threw a bomb at a policeman

Question 8

What are the 3 factors of productions?

Answer 8

LAND: natural resources resourceful for production
LABOR: large number of workers
CAPITAL: manufactured goods used to make other goods and service; money for investment

Question 9

Name 2 inventions and the effect on society

Answer 9

VAACUM CLEANER: simplified housework

THE KODAK: easier and cheaper to take photographs