ch 14 new industrial age – Flashcards
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The main purpose of the company known as credit mobilier was to
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steal railroad money for its shareholders
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All of the following contributed to the immense industrial boom of the early 1900s except
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the emergence of the middle class
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Andrew Carnegie gained control of a large percentage of the steel industry by doing all of the following except
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cutting the quality of his products
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The Sherman Antitrust Act
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outlawed the formation of trusts that interfered with free trade
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The Great Strike of 1877 took place in the
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railroad industry
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In the late 1800s, collective bargaining was a technique used to
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win workers' rights
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The use of standardized time and time zones was introduced in order to benefit
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railroad companies and train travelers
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Social Darwinism was used to justify all of the following except
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government regulation of business
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Vertical integration, a business strategy used by steel mogul Andrew Carnegie, involves
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buying out raw material producers and distributers
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The Interstate Commerce Act gave the right to supervise railroad activities to
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the federal government
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Edwin L. Drake
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introduced an efficient means of retrieving oil from beneath the earth's surface
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Henry Bessemer
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developed an efficient technique for transforming iron into steel
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Christopher Sholes
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invented the typewriter
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Thomas Alva Edison
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Perfected the incandescent light bulb and developed an entire system for producing and distributing electrical power
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Alexander Graham Bell
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invented the telephone
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Eugene V. Debs
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formed the American Railway Union
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vertical integration
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process by which a company buys out all of its sup
