Industrialization Quiz 3

Question 1

What did Alexander Grahm Bell do?

Answer 1

invented telephone in 1876

Question 2

What did Thomas Edison do?

Answer 2

“Wizard of Menlo Park”

versitile but known for electric light bulb

Question 3

What did J P Morgan do?

Answer 3

Banker/Financer
Orchestrated deals in RR, insurance, and banking
Bought Carneige’s steel operation for $400 million
Started US Steel Company
Greedy

Question 4

What did John Rockefeller do?

Answer 4

Standard Oil Company 1882
Horizontal integration
crushed competitors

Question 5

Who was Andrew Carneige?

Answer 5

Poor irish immigrant who lived in Pittsburg and worked for a steel company
By 1900, he produced 1/4 Bessuer steel and made $25 million
Vertical Integration

Question 6

What did Cornelious Vanderbuilt do?

Answer 6

Created NY Central RR

very successful

Question 7

What is vertical integratio?

Answer 7

Bought out and controlled all aspects of industry

Question 8

What is horizontal integration?

Answer 8

allied or bought companies to monopolize

Question 9

What is a uion?

Answer 9

unity of common thinkers (strength in #s)

Question 10

What is the Bessemer Process?

Answer 10

produce steel cheaper and economically

Question 11

What is the internal combustion engine?

Answer 11

Petroleum based engine to run planes and cars

Question 12

What is Gospel of Wealth?

Answer 12

newly rich should give money to poor to help society

Question 13

What is plutocrocy?

Answer 13

government by the wealthy

Question 14

What is interlocking directorates?

Answer 14

creaded by Rockefeller

placed his own men on the board of directors at other companies to gain influence and reduce competiton

Question 15

What are trusts?

Answer 15

monopoly corporation

Question 16

What is Labor Day?

Answer 16

created to keep strikes under control in 1884

Question 17

What are ironclad oaths?

Answer 17

workers were banned from joining unions

Question 18

What are yellow day contacts?

Answer 18

workers were banned from joining unions

Question 19

What was the Haymarket bombing?

Answer 19

1886

explosion in Chicago that hurt Knights of Labor

Question 20

What is hte Sherman Anti Trust Act?

Answer 20

forbade combinations (pools, trusts, directorates) in restraint to trade without any distinciton whether or not they were good or bad

Question 21

What is the National Labor Union?

Answer 21

1886
excluded chinese, women, and blacks
argued for 8 hour workdays

Question 22

What was the Knights of Labor

Answer 22

1869-1881
Secret union
simular to National Labor Unions
it only barred liquor dealers, bankers, professional gamblers, lawyers, and stock holders
advocated social and economical reform
won strikes for 8 hour wrok days
Led by Powderly

Question 23

What was the American Federation of Labor?

Answer 23

self governing nations; each kept their independence
1866
Samuel Gompers founded it

Question 24

What was the Pittsburg Plus?

Answer 24

designed by steel lords

kept the south at an economic disadvantage in the steel industry

Question 25

What was Closed shop?

Answer 25

emplorers agree to only hire Union members | Members must remain in Union to keep their jobs

Question 26

What was the Colored Labor Union?

Answer 26

Black labor organization in 1860s

Question 27

What is a Captain of Industry?

Answer 27

Positively impacted Industrial Rev

Question 28

What is a Robber Baron?

Answer 28

Negatively impacted industrial rev

Question 29

CR: Andrew Carneige donating most of his money to fund libaries, schools, and employees?

Answer 29

C

Question 30

CR: JP Morgan posititvely enhancing the US steel to compete globally

Answer 30

C

Question 31

CR: Carnegie and Frick dectectives to protect strikers. Ten men were killed and hundreds were injured

Answer 31

R

Question 32

CR: J P Morgan loaned $65 mill to gold to safeguard the collaps of the government

Answer 32

C

Question 33

CR: Vanderbuilt cut shipping rates to the point other competition was cut off

Answer 33

C

Question 34

CR:Hill donated seed, grain, and cattle to farmers who were affected by depression

Answer 34

C

Question 35

CR: Rockefeller often resorted to using spies and extortion to influence rr to work in his gavor by offering him kickbacks and rebates that were dienied to his competitiors

Answer 35

R

Question 36

In 1869, Gould and Fish cornered the gold market by briibing US treasury secretary to drive up price of gold

Answer 36

R

Question 37

By 1890, 75% of US wealth was held by the richest 9%

Answer 37

C

Question 38

Between 1860-1890, the US patent office issued over 400,000 patents

Answer 38

C

Question 39

Which Industry was considered a catalyst of economic growt during the Gilded Age?

Answer 39

RR

Question 40

What was the population of Chicago and NYC in 1900?

Answer 40

1,700,000 | 3,000,000

Question 41

What year was Birmingham AL founded?

Answer 41

1871

Question 42

What industry was Birmingham built on?

Answer 42

steel

Question 43

How were workers treated during the Gilded Age?

Answer 43

Forbiden to strike paid low wages forced to work long hours working conditions were bad

Question 44

What were some methods used by buisness men to create monopolies nd increase profits?

Answer 44

manipulating stock market bribing politicians and officials cheating stock holders ruining competition

Question 45

What industry did Carnegie control?

Answer 45

Steel

Question 46

What industry did Gould control?

Answer 46

RR

Question 47

What industry did Rockefeller control?

Answer 47

Oil

Question 48

What industry did Morgan control?

Answer 48

Banking

Question 49

What was the Gilded Age?

Answer 49

post civil war era

Question 50

what is a catalyst?

Answer 50

speed up purposly

Question 51

wwhat is a dynmo?

Answer 51

electric generator

Question 52

What is unscrupulous?

Answer 52

not having moral or ethnic standards

Question 53

What is recession?

Answer 53

economic depression

Question 54

What is gross nationl product (GNP)

Answer 54

the total monetary value of all final goods and service produced in a company for one year

Question 55

What is a entrepreneur?

Answer 55

Busness founder

Question 56

What is a trust?

Answer 56

a group that gets together to monopolize

Question 57

When does the Civil War end?

Answer 57

1865

Question 58

When was Standard Oil founded?

Answer 58

1870

Question 59

When did Edison invent the light bulb?

Answer 59

1879

Question 60

When was the Interstate Commerce Act passed?

Answer 60

1887

Question 61

When was the Homestead Strike?

Answer 61

1892