6 Written Questions

1. system in which businesses are owned by Private citizens. owners decide quantities, prices and locations. Companies compete with each other using low prices and high quantities.
2. A system of connected lines. Sparked new railroads making it easier to travel with goods because they didn't have to switch trains. Travel was cheaper because they only had to take one ride.
3. A group of corporations run by a single board of directors. Rockefeller formed Standard Oil Trust in 1882 which created a monopoly over the oil industry.
4. A business owned by investors. It usually sells stock to stockholders and can use the money from that to build new factories or buy new machinery.
5. A discount, given or granted secretly to the railroads largest customers. This hurt farmers and other small shippers who still had top pay full price.
6. Shares in a business usually to investors or "stockholders" who will by stock from a corporation with hopes in receiving dividends.

6 Multiple Choice Questions

1. Shares of a companies profit. When stockholders by stock in a corporation, they hope to receive this.
   1. Monopoly
   2. Dividends
   3. Capital
   4. Rebate
2. To control all aspects of an industry, or gaining all the steps used to change raw materials into finished products. Used by Carnegie to produce mass amounts of steel from mills.
   1. Vertical Integration
   2. Corporation
   3. Trade Union
   4. Mass Production
3. People who oppose all forms of organized government. The protest against the killings in Haymarket square was led by a group of anarchists.
   1. Capital
   2. Trust
   3. Sweatshop
   4. Anarchist
4. Workplace where people work big in poor conditions for low pay. Workers here could be anyone; men, women, or even children.
   1. Rebate
   2. Sweatshop
   3. Network
   4. Stock
5. A method used to end some of the railroads "cutthroat competition". In it, railroad companies divided up their businesses in an area and then set their prices very high.
   1. Trust
   2. Monopoly
   3. Stock
   4. Pool
6. Union of people working in the same trade. Workers would first join their respective trade union, and then join the AFL rather than just directly joining.
   1. Trade Union
   2. Trust
   3. Dividends
   4. Corporation

6 True/False Question

1. Mass Production → Making lots of a product fast and cheap. Henry Ford's efficient assembly line allowed this to happen with automobiles.
   

   True        False

2. Monopoly → A method used to end some of the railroads "cutthroat competition". In it, railroad companies divided up their businesses in an area and then set their prices very high.
   

   True        False

3. Capital → A group of corporations run by a single board of directors. Rockefeller formed Standard Oil Trust in 1882 which created a monopoly over the oil industry.
   

   True        False

4. Collective bargaining → A business owned by investors. It usually sells stock to stockholders and can use the money from that to build new factories or buy new machinery.
   

   True        False

5. Consolidate → A discount, given or granted secretly to the railroads largest customers. This hurt farmers and other small shippers who still had top pay full price.
   

   True        False

6. Assembly Line → A discount, given or granted secretly to the railroads largest customers. This hurt farmers and other small shippers who still had top pay full price.
   

   True        False