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Quiz by Rae Dwyer

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36 questions
Show answers
  • Q1
    What was the Bessemer Process
    a process developed in the 1850s that led to faster, cheaper stell production
  • Q2
    What was the Second Industrial Revolution
    a period of rapid growth in manufacturing and industry in the late 1800s
  • Q3
    What was the Assembly line
    greatly reduced the cost of building a product, thus making the cars more affordable
  • Q4
    What is a Coporation
    a business that sells portions of ownership called stock shares
  • Q5
    What is stock
    the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution
  • Q6
    what is a mutual fund
    an investment program funded by shareholders that trades in diversified holdings and is professionally managed.
  • Q7
    what is vertical integration
    the business practice of owing all of the business involved in each step of a manufacturing process
  • Q8
    what is horizontal integration
    owning all the businesses in a certain field
  • Q9
    what is a trust
    a number of companies legally grouped under a single board of directors
  • Q10
    What is Social Darwinism
    a view of society based on Charles Darwin's scientific theory of natural selection
  • Q11
    what is a monopoly
    a complete control over the entire supply of goods or a serice in a particular market
  • Q12
    what is a union
    the action or fact of joining or being joined, especially in a political context
  • Q13
    What are the Knights of Labor
    a secret society that became the first truly national labor union in the United States
  • Q14
    what is the American Federation of Labor
    an organization that united skilled workers into national unions for specific industries
  • Q15
    Edwin Drake
    proved that it was possible to pump crude oil from the ground

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