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Ch. 3 Review
Growth of Industry
Question | Answer |
---|---|
In which country did the Industrial Revolution begin? | England |
Where did the Industrial revolution start in the U.S.? | New England textile mills |
When did the U.S. become a great industrial nation? | Between 1865 and 1900 |
Which natural resources did the U.S. have that helped it become an industrialized nation? | ? Iron, coal, and oil |
What is another name for the U.S. capitalist system? | Free-enterprise |
In what type of business is the owner held personally responsible for all the debts of the business? _ | partnership |
What type of business raises large amounts of money by selling shares of stock of the company? | corporation |
What do you call a company that controls an entire industry? | monopoly |
The idea that the government should not try to control business is called | laissez-faire |
Name the acts passed by Congress to regulate big business: | Interstate Commerce Act, Sherman Antitrust Act |
What are people who own shares in a company called? | stockholders |
What is capital? | Capital is money used to earn more money |
Who was the first female African American millionaire? | Madam C. J. Walker |
This inventor created a fast, cheap way to change iron into steel. | Henry Bessemer |
This inventor created the telephone. | Alexander Graham Bell |
This inventor created the electric light bulb. | Thomas Edison |
They created the airplane. | Orville & Wilbur Wright |
This inventor created a system that used electric power rather than steam engines to run trains. | Granville T. Woods |
This inventor created the moving assembly line. | Henry Ford |
This inventor created the telegraph. | Samuel F.B. Morse |
This person controlled the oil industry. | John D. Rockefeller |
This person controlled the railroads. | Cornelius Vanderbilt |
This person controlled the steel mills. | Andrew Carnegie |
This person made millions with hair care products . | Madam C. J. Walker |