Question 1 (Matching Worth 10 points)
Match each inventor with the description of his or her invention.
- Sarah E. Goode → A) Folding cabinet bed
- Henry Ford-Assembly → E) line production
- Elijah McCoy → J) Self-lubricating steam engine
- Wright Brothers → G) Powered flight
- Madame C.J. Walker → F) Beauty products
- Lewis Howard Latimer → C) Improved light bulbs and lamps
- George Westinghouse → H) Alternating current power
- Garrett Morgan → D) Three-position traffic signal
- Granville T. Woods → I) Third rail for electric trains
- George Pullman → B) Railroad sleeping car
Question 2 (Multiple Choice Worth 8 points)
How did a pool differ from a trust?
- Pools were larger than trusts.
- A trust limited competition, but a pool did not.
- Only vertically integrated companies formed pools.
- Pools were made of independent companies, but a trust was not. (Correct Answer)
Question 3 (Multiple Choice Worth 8 points)
Which of the following is an example of vertical integration?
- purchasing competitors
- purchasing suppliers (Correct Answer)
- informally agreeing on prices
- buying stock in competing companies
Question 4 (Multiple Choice Worth 8 points)
Which word describes the role Henry Flager played in the growth of Florida in the late 1800s?
- legislator
- developer (Correct Answer)
- inventor
- tourist
Question 5 (Multiple Choice Worth 8 points)
What was the main benefit of scientific management?
- It proved that horizontal and vertical integration were effective.
- It helped small companies compete with large companies.
- led to reduced shipping and manufacturing costs.
- It encouraged workers to create goods more quickly and efficiently. (Correct Answer)
Question 6 (Multiple Choice Worth 8 points)
How did railroad technology improve profits for companies?
- It resulted in faster and cheaper long-distance shipping. (Correct Answer)
- It encouraged the concentration of industry in the East.
- It made the cost of goods from the West less competitive.
- It allowed workers to transfer from company to company.