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Vocabulary

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
A nation's ____ is the total value of all goods and services it produces during a year.   gross national product  
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___ are people who risk their capital in organizing and running a business   entrepreneurs  
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The __ motive, or hope to make money, attracted people of high ability and ambition into business   profit  
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Scandals created the impression that railroad entrepreneurs were __, or people who looted an industry and gave nothing back.   robber barons  
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The __ Railroad was the only railroad that was not eventually forced into bankruptcy.   Great Northern  
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Because of a shortage of labor in California, the Central Pacific Railroad hired about 10,000 workers from   China  
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Credit Mobilier was a ___ company that greatly overcharged Union Pacific for the work it did, and since the same investors controlled both companies, the railroad agreed to pay the inflated bills.   construction  
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Railroad ___ proceeded rapidly from the end of the Civil War to 1900, with large rail lines taking over about 400 smaller railroads,and eventually seven giant systems controlling most rail traffic.   consolidation  
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To convince _____ to give Northern Pacific more grants after inflated costs of Credit Mobilier, Oakes Ames (also a member of ____ and stockholder) gave other members of ____ shares in the Union Pacific at a price well below market value.   Congress  
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The Credit Mobilier scandal was exposed during the ___ of 1872.   election  
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To encourage railroad construction, the federal government gave land ___ to many railroad companies, first through individual states, and after teh Railway Act of 1862 and 1864 to the railroad companies directly.   grants  
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The Credit Mobilier scandal provided sensational newspaper headlines and created the impression that all railroad entrepreneurs were ____ barons--people who loot an industry and give nothing back.   robber  
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began the railroad boom   Pacific Railway Act  
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changed bobbins without stopping   Northrop automatic loom  
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enabled longer and heavier trains   air brakes  
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"Let people do as they choose."   laissez-faire  
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set up Menlo Park   Thomas Alva Edison  
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practiced "insider trading"   Jay Gould  
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"Come here, Watson, I want you."   Alexander Graham Bell  
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began the first direct rail service from New York City to Chicago   Cornelius Vanderbuilt  
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drilled the first oil well   Edwin Drake  
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people who risk their capital in organizing and running a business   entrepreneurs  
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the total value of all goods and services produced by a country   gross national product  
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act that reversed years of declining tariffs   Morrill Tariff  
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"let do," a French phrase meaning "let people do as they choose"   laissez-faire  
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resource that could be turned into kerosene   petroleum  
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one of the most famous and successful railroad consolidators   Cornelius Vanderbuilt  
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regions where the same time is kept   time zones  
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used information he received as a railroad owner to manipulate stock prices to his benefit   Jay Gould  
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built the Great Northern Railroad   James J. Hill  
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given to the railroad companies by the government to encourage railroad construction   land grants  
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Created by: Miss Brown