Study

Industrialization

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  • what is a monopoly?
    When one company has control of an entire industry
  • Who did Andrew Carnegie hire to make his business more profitable?
    Henry Frick
  • What is the American Dream?
    To have a good life, make money, and be happy
  • List 2 things did they build with steel during this time period?
    bridges, railroads, buildings
  • What is manifest destiny?
    The belief that America should spread all the way west to cover the entire land mass
  • Who had a monopoly of the banking sector?
    J.P. Morgan
  • Why are monopolies bad?
    They make prices higher, eliminate competition
  • Who was the king of oil?
    John. D. Rockefeller
  • Who was the king of steel?
    Andrew Carnegie
  • Who bilt the railroads?
    Cornelius Vanderbilt
  • Why were trains important to John D. Rockefeller?
    He needed them to move his oil
  • Which two men competed to be the richest?
    Andrew Carnegie and John. D. Rockefeller
  • What is a captain of industry?
    Someone who uses their money and power to make the country better, advance our economy.
  • what is a robber baron?
    Someone who uses their money and power to hurt people, take advantage of people, or do bad things.
  • Why did companies want to make monopolies?
    To eliminate competition and make more money
  • Why were buildings important to Andrew Carnegie?
    He could sell lots of steel to build them and make a profit.
  • what is social Darwinism?
    The belief that rich people got their money by being better, stronger, and smarter than other people.