Social Studies Test One

Front 1

a business owned by investors

Back 1

corporation

Front 2

shares in a corporation

Back 2

stock

Front 3

a person who commits money to earn a financial return

Back 3

investor

Front 4

a company that controls all or nearly all the businesses of an industry has a _____.

Back 4

monopoly

Front 5

150 people died in this building due to a fire. The deaths of these people brought attention to the safety hazards that workers faced.

Back 5

Triangle Shirtwaist Factory

Front 6

places where factory workers lived; these were dilapidated, old, run-down buildings; horrible living conditions

Back 6

tenements

Front 7

workers banded together to secure better working conditions

Back 7

Union

Front 8

the name used to describe bad work places in the late 1800s and early 1900s; people worked for long hours in very poor conditions; many workers were injured or killed; air quality was bad; no air conditioning

Back 8

sweat shops

Front 9

shift from an economy based on farming to an economy based on manufacturing

Back 9

Industrial Revolution

Front 10

inventor of the Assembly Line

Back 10

Henry Ford

Front 11

the name used for the men who went exploring for oil in the late 1800s and early 1900s

Back 11

wildcatters

Front 12

This made possible the mass production of steel

Back 12

Bessemer Process

Front 13

A risk taking business person

Back 13

entrepreneur

Front 14

the basic building material that helped propel the Second Industrial Revolution

Back 14

steel

Front 15

financial ruin

Back 15

bankruptcy

Front 16

a person who gives money to help others

Back 16

philanthropist

Front 17

doing one job over and over again in an assembly line

Back 17

specialization

Front 18

refusal to work until workers' demands are met

Back 18

strike

Front 19

investors in corporations who buy shares and make money when corporations do well

Back 19

stockholders

Front 20

a legal agreement under which several companies group together to control production and limit competition

Back 20

trusts

Front 21

President of the U.S.

Back 21

Barack Obama

Front 22

Vice President of the U.S.

Back 22

Joe Biden

Front 23

U.S. Speaker of the House

Back 23

John Boehner

Front 24

Inventor of the telephone

Back 24

Alexander Graham Bell

Front 25

Considered greatest inventor of his age

Back 25

Thomas Edison

Front 26

Govenor of Alabama

Back 26

Robert Bentley

Front 27

Jeff Session

Back 27

U.S. Senator from Alabama

Front 28

Richard Shelby

Back 28

U.S. Senator from Alabama

Front 29

Perfected an inexpensive way to make steel

Back 29

Henry Bessemer

Front 30

Alabama's 6th District Congressman

Back 30

Spencer Bachus

Front 31

Big Business Leader from the late 1800s and early 1900s--made his fortune in steel

Back 31

Andrew Carnegie

Front 32

Big Business Leader from the late 1800s and early 1900s-made his fortune in oil

Back 32

John D. Rockefeller

Front 33

Three major causes of the rise in big business

Back 33

Railroad growth helps other businesses grow; businesses become corporations and expand; our nation has a rich supply of natural resources including oil and coal

Front 34

Three effect that the rise in big business had on our economy

Back 34

steel and oil became giant industries; monopolies began to control important industries; factory workers faced harsh conditions in the workplace

Front 35

What happened to smaller businesses as a result of companies/corporations becoming larger?

Back 35

Many small businesses went out of business because they couldn't compete.

Front 36

Why were so many people opposed to monopolies?

Back 36

Many people view monopolies as a tremendous threat to competition.

Front 37

Some people defended monopolies. What was their reasoning?

Back 37

Defenders of monopolies said that large corporations brought lower prices to the average American.

Front 38

Name two advantages of the assembly line.

Back 38

The assembly line allowed for mass production of goods. Goods could be produced in larger quantities and at a faster rate. This brought the price of goods down and allowed average Americans to afford items that otherwise would have been too expensive.

Front 39

What happened at the Triangle Shirtwaist Factory?

Back 39

A fire broke out killing 150 workers. The tragedy brought awareness to the unsafe working conditions of factory workers. Because of the fire, laws were created to make the work environment safer for workers.

Front 40

Name two disadvantages of the Assembly Line.

Back 40

The assembly line did not require highly skilled individuals so employers could hire people with low skill and put them to work for low pay. The assembly line was also very repetitive and for many workers, the job was incredibly boring.

Front 41

Working conditions in the factories

Back 41

1) Unsafe
2) Unpleasant
3) Long hours
4) Dangerous working conditions
5) Low pay

Front 42

Three groups of people who were taken advantage of in the factories

Back 42

1) Woman
2) Children
3) Immigrants