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Chapter 13 Study Guide

Chapter 13 Study Guide. A system for turning out large numbers of products quickly and cheaply. Define mass production. Entrepreneur. What is a person who invests money in a business to make a profit called?. A business that completely controls a product or a service. What is a monopoly?.

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Chapter 13 Study Guide

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  1. Chapter 13Study Guide

  2. A system for turning out large numbers ofproducts quickly and cheaply Define mass production.

  3. Entrepreneur What is a person who invests money in a business to make a profit called?

  4. A business that completely controlsa product or a service What is a monopoly?

  5. He was a business man who controlled the Oil industry. What did John D. Rockefeller do? What industry did he control?

  6. A business in which a number of peopleshare ownership What is a corporation?

  7. A small, hot, dirty workhouse What is a sweatshop? What are conditions like in a sweatshop?

  8. A steelworkers’ strike that resulted in astandoff between workers and Pinkertons What was the Homestead Strike? What was the result of the strike?

  9. Lightbulb Phonograph Name 2 inventions that were created by Thomas Edison

  10. A union that included all workers of anytrade What was the Knights of Labor?

  11. A tycoon who controlled many differentbusinesses involved in the production of steel What did Andrew Carnegie do? What industry did he control?

  12. By supplying the materials necessary to run the factories. How did natural resources help the nation’s economic growth?

  13. Steel What invention made it possible to build skyscrapers, railroads, and suspension bridges?

  14. Combining many firms in the same business. What is horizontal integration?

  15. The Interstate Commerce Commission was formed to monitor railroad operations across state lines. What is the ICC? Why was it formed?

  16. Most made little money and had to struggle to survive. What was life like for industrial workers in the late 1800s?

  17. Collective bargaining How did workers negotiate for better wages, hours, and working conditions?

  18. Labor union “Bread and Butter” union Focusedon specific issues, such as wages and hours What was the American Federation of Labor? What did they do? What was their nickname?

  19. Led to public suspicion of unions. What was a result of the Haymarket Riot of 1886?

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