Exam 3 Flashcards
(40 cards)
In the Age of Invention, America became ‘The’…
a. Industrial Power
b. Steel capital of the World
c. Petroleum capital
d. Agricultural power
a. Industrial Power
True or False: America had a higher tolerance for Change and Risk
True
How many times did Edwin “Colonel” Drake have to try before he found petroleum?
a. 1
b. 10
c. 3
d. 15
c. 3
How many Patents were made from 1790-1860?
36,000
How many Patents were made from 1860-1890?
400,000
What is the most important thing about corporations?
Personal liability protection
True or false: Patents last forever
False
True or false: George Westinghouse only worked alone
false
Who created the Pneumatic breaking system?
a. Edwin Drake
b. Lewis H Latimer
c. Thomas A Edison
d. George Westinghouse
d. George Westinghouse
Thomas Edison did NOT create which of the following?
a. Light Bulb
b. Movie Camera
c. Mimeograph
d. Microphone
a. Light Bulb
True or False: Lewis Latimer created the Lightbulb.
False. He drew up plans sent to patent office.
True or false: Technology changed but human nature does not.
True.
Who created the refrigerated boxcar?
a. Philip Armour
b. Gail Bordon
c. Andrew Carnegie
d. Gustavus Swift
d. Gustavus Swift
True or False: Philip Armour came up with the business system for meat companies
True
What of the following is FALSE about Gail Bordon’s Tinned Foods.
a. Year round supply of all products
b. Rise in food-born diseases
c. Better varied nutrition
d. Was able to can milk
b. Rise in food-born diseases
True or False: More meat equals more muscle
True
What of the following is FALSE about Robber Barons?
a. Ruthless
b. Lazy
c. Visionaries
d. Efficiency obsessed
b. Lazy
Andrew Carnegie was a _____ imigrant.
a. Scottish
b. Irish
c. German
d. Dutch
a. Scottish
True or false: Henry Clay was ruthless but Carnegie was not
True
Who’s Company was only Vertical Integration (they owned all the steps)
a. J.P Morgan
b. J.D. Rockefeller
c. Cornelius Vanderbilt
d. Andrew Carnegie
d. Andrew Carnegie
Who’s Company was only Horizontal Integration (they owned all the factories)
a. J.P Morgan
b. J.D. Rockefeller
c. Cornelius Vanderbilt
d. Andrew Carnegie
c. Cornelius Vanderbilt
Who’s Company was both Horizontal and Vertical Integration (they owned all the steps and factories)
a. J.P Morgan
b. J.D. Rockefeller
c. Cornelius Vanderbilt
d. Andrew Carnegie
b. J.D. Rockefeller
True or False: J.P Rockefeller used his monopoly to raise the price of oil
False
True or False: ‘Big’ = Bad in America
True