BMA 1

Question 1

when a single business has control of an industry and reduces competition by forcing the merger of smaller businesses

Answer 1

Monopoly

Question 2

aimed to protect consumers from abuse and preserve a competitive market

Answer 2

Sherman Anti-Trust Act

Question 3

Most domestic policies and acts such as the Sherman Anti-Trust Act and the Hepburn Act were. . .

Answer 3

acts that gave the federal government more power to regulate the economy

Question 4

ended open-range

Answer 4

Barbed Wire

Question 5

King of Steel

Answer 5

Carnegie

Question 6

King of the Railroads

Answer 6

Vanderbilt

Question 7

business technique that often leads to a monopoly of the market

Answer 7

Horizontal Integration

Question 8

How does a trust impact competition?

Answer 8

It limits competition in order to gain profit.

Question 9

McDonald’s uses this business principle

Answer 9

Vertical Integration

Question 10

immigration processing center in New York that opened in 1892

Answer 10

Ellis Island

Question 11

digging a well and living there 5 years will get you 160 acres of land

Answer 11

Homestead Act - 1862

Question 12

King of OIl

Answer 12

Rockefeller

Question 13

stopped railroad cars and led to federal intervention to make strikers go back to work

Answer 13

Pullman Strike

Question 14

one company that dominates an industry

Answer 14

Monopoly