TCI
A trust is - ANS -a group of corporations run by a single board of directors.
\An entrepreneur is - ANS -a person who assembles and organizes the resources necessary to produce goods and
services.
\Andrew Carnegie brought the Bessemer process back to the United states. What was one consequence of his action? -
ANS -Steel began replacing iron in rails, locomotives, and bridges.
\How did business owners get away with paying workers such low wages? - ANS -Because so many people were
competing for jobs, wages stayed low.
\How did government policies contribute to the boom in big business? - ANS -It help them grow
\How did people benefit from living in cities? - ANS -There were many more forms of entertainment in cities.
\How did the owners of the Carnegie steel plant in Homestead, Pennsylvania, deal with a workers' strike? - ANS -They
hired armed guards, who fought a battle with the strikers.
\The inventor who created the telephone was - ANS -Alexander Graham Bell.
\What concern did some people have about trusts and the political process? - ANS -Wealthy entrepreneurs were buying
elections and corrupting public officials.
\What event caused the Knights of Labor to lose membership? - ANS -a violent rally at Haymarket Square in Chicago
\What inspired builders to construct skyscrapers? - ANS -The price of land in the cities increased dramatically.
\What is the connection between industrialization and urbanization? - ANS -People looking for jobs flocked to the cities,
where most of the new industries were.
\What resulted from the Uprising of the 20,000? - ANS -Workers won better pay and a shorter workweek, but still worked
in unsafe conditions.
\What was Henry Ford's great achievement? - ANS -He mass-produced automobiles cheaply using a moving assembly
line.
\What was one consequence of the business boom? - ANS -People began moving to the cities in search of their fortunes.
\Which economic theory allowed government and business to accept these kinds of working conditions for children? -
ANS -Laissez-faire
A trust is - ANS -a group of corporations run by a single board of directors.
\An entrepreneur is - ANS -a person who assembles and organizes the resources necessary to produce goods and
services.
\Andrew Carnegie brought the Bessemer process back to the United states. What was one consequence of his action? -
ANS -Steel began replacing iron in rails, locomotives, and bridges.
\How did business owners get away with paying workers such low wages? - ANS -Because so many people were
competing for jobs, wages stayed low.
\How did government policies contribute to the boom in big business? - ANS -It help them grow
\How did people benefit from living in cities? - ANS -There were many more forms of entertainment in cities.
\How did the owners of the Carnegie steel plant in Homestead, Pennsylvania, deal with a workers' strike? - ANS -They
hired armed guards, who fought a battle with the strikers.
\The inventor who created the telephone was - ANS -Alexander Graham Bell.
\What concern did some people have about trusts and the political process? - ANS -Wealthy entrepreneurs were buying
elections and corrupting public officials.
\What event caused the Knights of Labor to lose membership? - ANS -a violent rally at Haymarket Square in Chicago
\What inspired builders to construct skyscrapers? - ANS -The price of land in the cities increased dramatically.
\What is the connection between industrialization and urbanization? - ANS -People looking for jobs flocked to the cities,
where most of the new industries were.
\What resulted from the Uprising of the 20,000? - ANS -Workers won better pay and a shorter workweek, but still worked
in unsafe conditions.
\What was Henry Ford's great achievement? - ANS -He mass-produced automobiles cheaply using a moving assembly
line.
\What was one consequence of the business boom? - ANS -People began moving to the cities in search of their fortunes.
\Which economic theory allowed government and business to accept these kinds of working conditions for children? -
ANS -Laissez-faire
