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Chapter 6 test

QuestionAnswer
What is petroleum? A oily flammable liquid used in making kerosene
What is a patent? A document giving rights to sell products.
What is "The business cycle"? The pattern of economic good times, and bad times.
What is a "Trust"? A legal body created to hold stock in many companies.
What is "The Bessemer Steel Process"? A way of making steel that cuts the cost of iron.
What is "The Gilded Age"? A era during the 1800's of fantastic wealth. The phrase was made by Charles Warner and Mark Twain.
What is the "Centennial Exhibition"? A exhibition in Philadelphia, celebrating America's 100th birthday.
What is the "Haymarket Affair"? A union against police scuffle, where 100 people ended up dead.
What is "Standard Time"? A system that divided the U.S into 4 time zones.
What is "Monopoly"? A company that wipes out its competitors and controls entire industries.
Who is Thomas Edison? The man who made the first practical telephone.
Who is Alexander G. Bell? The man who invented the first telephone.
Who is Andrew Carnegie? A leader of the rail way union.
Who is John D. Rockefeller? A leader of the oil industry.
Who is Samuel Gompers? An organizer of the AFL.
What is a "robber baron"? A business leader who became wealthy through false methods.
Who are the "Knights of Labor"? A loose federation of workers from different trades.
What is an "Philanthropist"? People who give large sums of money to charities.
What is the "AFL"? A national organization of unions that included about 1.7 million people by 1904.
What is a "Sweat shop"? A place with long hours, low pay, and terrible conditions.
What is the "Transcontinental Railroad"? A railroad that goes across the continent.
What main strikes, discussed in class, have in common? The strikes were about money.
How did Rockefeller and Carnegie differ in their ways of doing business? Rockefeller took over his competitors, Carnegie took over all the processes related to steel to beat competitors.
How were choices on where to live changed or influenced by railroads? People wanted to live near the railroads so they could have access to transportation.
What was the main economic activity of the South in the late 1800's? They built the telephone, sewing machine, typewriter, and other inventions.
How were the Native Americans affected by the building of the Transcontinental Railroad? They had more job opportunities.
What factory working conditions like in the late 1800's? They were dangerous conditions, with low pay.
Created by: 1963053940