200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Industrialists Inventions Vocabulary Industrialization.

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Presentation transcript:

Industrialists Inventions Vocabulary Industrialization Etc…

Who is associated with the steel industry?

Andrew Carnegie

Who was most associated with the oil industry?

J D Rockefeller

Who used the assembly line process to mass produce automobiles?

Henry Ford

What is the belief that those who acquire great wealth are morally responsible to help others?

Gospel of Wealth

What is the major problem with monopolies?

Reducing Competition

What is the economic theory that means government should not interfere?

Laissez Faire

What title was given to wealthy industrialists who exploited labor and used illegal practices?

Robber Barons

What are apartment buildings that often housed immigrants?

Tenements

What is a legal arrangement in which a board of trustees consolidates the voting of stock of different companies ?

Trusts

What is one group’s exclusive control of the means of producing or selling a product or service?

Monopoly

What is the process that revolutionized the steel industry??

Bessemer Process

What term means the large-scale public systems, services, and facilities of a country or region that are necessary for economic activity, including power and water supplies, public transportation, telecommunications, roads, and schools?

infrastructure

What is needed to build infrastructure in a country??

Steel (railroads, bridges, etc.)

Who started the process of making steel with a faster process which revolutionized the industry and reduced costs and the need for labor?

Henry Bessemer

Along with the lightbulb, what other invention helped in that discovery?

Electric Generator Engine

What organizational strategy did Carnegie use to control production and distribution to create efficiency and profit?

Vertical Integration

In reaction to restrictions on business, Rockefeller reorganized his business how?

Setting up a board of trustees

What is industrialization?

Machine made products (factories)

What was the purpose of a trust?

To control prices

What is needed to ratify an amendment to the US Constitution? Who is associated with banking?

JP Morgan

Who is associated with transportation?

Cornelius Vanderbilt

What filament finally worked for Edison to make the light bulb work?

Cardboard (carbon)

What positive terms were used to describe the industrialists of the late 1800s?

Captains of Industry

What man went into the slums of New York and took pictures of horrible city life?

Jacob Riis

What is horizontal integration?

Owning all of the businesses of a particular product